Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.12 per $10,000 · paid last 24h −0.001%
Price spread now: Variational Omni against Bybit+0.012%7-day average −0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.013%+$1 on $10k
+Price spread, last 7 days−0.025%−$3 · spread now +0.012%, 7d avg −0.008%
=Together, before fees−0.012%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTCUSDT | 86,572.1 | 0.0088 | pay 0.0088% / 8h | 1h 50m | $5.27B | $9.73B | 150x |
| Short | Variational Omni BTC | 86,582.6 | 0.0100 | get 0.0100% / 8h | 1h 50m | $156.4M | $568.8M | — |
Bybit BTCUSDT
Variational Omni BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.49
- Price spread: +0.012% → −0.008%
- $2
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$6.52
- Costs to cover
- 0.110%
- Break-even
- 25.4 days
Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 3 min ago | 0.01 bp | 5.5 bp −$6 | 5.6 bp −$56 | 6.9 bp −$691 | 8.1 bp −$4,059 |
| Sell Variational Omni RFQ quote, 3 min ago | 0.69 bp | doesn't fit | 0.7 bp −$7 | 2.2 bp −$222 | doesn't fit |
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0203% | 1h | 86,603.6 | +0.036% | $79K | $199K | 20x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,601 | +0.033% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,531 | −0.047% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0028% | 1h | 86,590.3 | +0.021% | $17.6M | $20.6M | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,552.8 | −0.022% | $359K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 86,553.8 | −0.021% | $505.4M | $1.16B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,551.9 | −0.023% | $421K | $24.2M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,564.9 | −0.008% | $925.7M | $1.47B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0003% | 8h | 86,552.5 | −0.023% | $851.0M | $709.4M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,560.9 | −0.013% | $36.8M | — | 200x | as long as short |
Aftermath Perps BTCUSD
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0006% | 1h | 86,539.3 | −0.038% | $8.5M | $43.2M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0016% | 1h | 86,585.3 | +0.015% | $731K | $8.1M | 30x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,523.2 | −0.057% | $6.7M | $144.7M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,587 | +0.017% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0028% | 8h | 86,533.7 | −0.044% | $149.6M | $473.2M | 150x | as long as short |
| BingX BTC-USDT | +0.0030% | 8h | 86,567.4 | −0.005% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0038% | 8h | 86,575.1 | +0.003% | $2.95B | $5.09B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,533.7 | −0.044% | $2.4M | $1.3M | 20x | as long as short |
| SoDEX BTC-USD | +0.0058% | 1h | 86,528 | −0.051% | $60.5M | $336.8M | 40x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,525.8 | −0.053% | $5.19B | $5.61B | 500x | as long as short |
| Binance BTCUSDT | +0.0059% | 8h | 86,563.9 | −0.009% | $9.42B | $24.38B | 150x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,555.7 | −0.019% | $5.85B | $10.62B | 200x | as long as short |
| Bybit BTCUSDTlong | +0.0088% | 8h | 86,572.1 | long leg | $5.27B | $9.73B | 150x | |
| Lighter BTC | +0.0096% | 1h | 86,534.8 | −0.043% | $172.1M | $997.5M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,548.7 | −0.027% | $24.0M | $151.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,529 | −0.050% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,516 | −0.065% | $205K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,564.4 | −0.009% | $4.7M | $8.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,533.1 | −0.045% | $21.7M | $234.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,594 | +0.025% | $3.81B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,570 | −0.002% | $41.0M | $499.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,570.3 | −0.002% | $2.55B | $12.72B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,519 | −0.061% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,613.4 | +0.048% | $7.4M | $94.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,527.4 | −0.052% | $571.7M | $19.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,532.4 | −0.046% | $38.2M | $153.0M | 75x | as long as short |
| Variational Omni BTCshort | +0.0100% | 8h | 86,582.6 | +0.012% | $156.4M | $568.8M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 86,579.9 | +0.009% | $279.6M | $942.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,665.5 | +0.108% | $217.4M | $182.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,588.3 | +0.019% | $141.5M | $322.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,561.3 | −0.012% | $30.7M | $202.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,587.4 | +0.018% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,534 | −0.044% | $11.1M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,535 | −0.043% | $193K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,543.3 | −0.033% | $2.4M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,559 | −0.015% | $140K | $618K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,535.2 | −0.043% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,527.8 | −0.051% | $3.4M | $5.5M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,530.3 | −0.048% | $2.30B | $959.6M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,515.1 | −0.066% | $46.4M | $225.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,558.1 | −0.016% | — | $99.1M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,571.9 | 0.000% | $131.6M | $5.77B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,562.4 | −0.011% | $191.3M | $937.3M | 100x | as long as short |
| BloFin BTC-USDT | +0.0179% | 8h | 86,545.5 | −0.031% | $415.3M | $655.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0210% | 1h | 86,554.7 | −0.020% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0188% | 8h | 86,566 | −0.007% | $9.5M | $726.4M | 6.4x | as long as short |
RISEx BTC/USDC
Hibachi BTC/USDT-P
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDT
Bitget BTCUSDT
Aevo BTC-PERP
SoDEX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP