Funding you earn now, next payment 21:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: Variational Omni against Coinbase International+0.253%7-day average −0.057% · 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)−0.019%−$2 on $10k
+Price spread, last 3 days (all we have)−0.140%−$14 · spread now +0.253%, 7d avg −0.057%
=Together, before fees−0.159%+ Points / potential airdropVariational Omni: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.310% dearer against Coinbase International than usual: you sell high and buy low (spread +0.253% now, against its 7-day average of −0.057%): +$31 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 32 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BTC-PERP-INTX | 86,831.4 | 0.0120 | pay 0.0015% / 1h | 58m 13s | $132.3M | $5.98B | 50x |
| Short | Variational Omni BTC | 87,051.5 | 0.0087 | get 0.0087% / 8h | 2h 58m | $161.3M | $562.4M | — |
Coinbase International BTC-PERP-INTX
Variational Omni BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Coinbase International. 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
- −$6.83
- Price spread: +0.253% → −0.057%
- $31
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $14.17
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 Coinbase International live order book, 1 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.6 bp −$556 | 11.9 bp −$5,967 |
| Sell Variational Omni RFQ quote, 1 min ago | 0.50 bp | doesn't fit | 0.5 bp −$5 | 2.9 bp −$293 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0335% | 43m | 86,902.3 | +0.082% | $419K | $25.5M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0178% | 1h | 86,926.8 | +0.110% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0123% | 1h | 86,928 | +0.111% | $2.2M | $11.7M | 40x | as long as short |
| dYdX BTC-USD | −0.0108% | 1h | 86,918.8 | +0.101% | $18.1M | $20.0M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,889 | +0.066% | $9K | $3K | 50x | as long as short |
| Bluefin BTC-PERP | −0.0001% | 1h | 86,773.7 | −0.066% | $160K | $575K | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0001% | 8h | 86,866.4 | +0.040% | $838.4M | $708.9M | 125x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,822.5 | −0.010% | $924.2M | $1.38B | 50x | as long as short |
| SoDEX BTC-USD | +0.0002% | 1h | 86,776 | −0.064% | $60.6M | $336.5M | 40x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,841.5 | +0.012% | $36.7M | — | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
Bluefin BTC-PERP
KuCoin XBTUSDTM
Deribit BTC-PERPETUAL
SoDEX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange BTCUSD | +0.0008% | 1h | 86,886.4 | +0.063% | $367K | $2.5M | 50x | as long as short |
| Phemex BTCUSDT | +0.0015% | 8h | 86,773.5 | −0.067% | $149.0M | $468.5M | 150x | as long as short |
| BingX BTC-USDT | +0.0019% | 8h | 86,811.7 | −0.023% | — | $1.59B | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,839.8 | +0.010% | $6.8M | $143.6M | 40x | as long as short |
| Aster BTCUSDT | +0.0022% | 8h | 86,834.8 | +0.004% | $506.8M | $1.17B | 200x | as long as short |
| Bitget BTCUSDT | +0.0024% | 8h | 86,780.1 | −0.059% | $2.96B | $5.12B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0043% | 1h | 86,961.7 | +0.150% | $142.1M | $322.3M | 100x | as long as short |
| Binance BTCUSDT | +0.0047% | 8h | 86,777.6 | −0.062% | $9.46B | $24.41B | 150x | as long as short |
| MEXC BTC_USDT | +0.0047% | 8h | 86,840.9 | +0.011% | $5.21B | $5.59B | 500x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,789.6 | −0.048% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,984 | +0.176% | $316K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0053% | 8h | 86,781.7 | −0.057% | $2.59B | $12.77B | 100x | as long as short |
| Gate BTC_USDT | +0.0061% | 8h | 86,842.8 | +0.013% | $5.87B | $10.51B | 200x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,887.5 | +0.065% | $9.3M | $42.2M | 25x | as long as short |
| Bybit BTCUSDT | +0.0076% | 8h | 86,799.9 | −0.036% | $5.31B | $9.74B | 150x | as long as short |
| Variational Omni BTCshort | +0.0087% | 8h | 87,051.5 | +0.253% | $161.3M | $562.4M | — | |
| Popdex BTCUSDT | +0.0088% | 1h | 86,864 | +0.038% | $8.5M | $52.2M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,791.4 | −0.046% | $172.7M | $998.8M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,795.2 | −0.042% | $24.2M | $152.3M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,958.8 | +0.147% | $218.3M | $188.5M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0096% | 8h | 86,810.6 | −0.024% | $2.5M | $8.4M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,925.6 | +0.109% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,865 | +0.039% | $190K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,880.7 | +0.057% | $23.2M | $238.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,926 | +0.109% | $3.87B | $5.13B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,925.8 | +0.109% | $41.7M | $484.5M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,895 | +0.073% | $4.0M | $18.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,959.9 | +0.148% | $7.6M | $95.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,919.5 | +0.101% | $573.8M | $23.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,897.9 | +0.077% | $38.5M | $147.6M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,942.3 | +0.128% | $280.8M | $944.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,944 | +0.130% | $30.9M | $205.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,932.6 | +0.117% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,862 | +0.035% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,821.2 | −0.012% | $202K | $3.4M | 20x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,789.2 | −0.049% | $30.1M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,836.6 | +0.006% | $3.4M | $5.6M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,776.1 | −0.064% | $2.31B | $955.8M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,770.2 | −0.071% | $46.3M | $230.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,912.5 | +0.093% | — | $98.1M | 500x | as long as short |
| Kalshi KXBTCPERP | +0.0105% | 8h | 86,879 | +0.055% | $8.8M | $728.8M | 6.4x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,810.7 | −0.024% | $195.0M | $928.0M | 100x | as long as short |
| Coinbase International BTC-PERP-INTXlong | +0.0120% | 1h | 86,831.4 | long leg | $132.3M | $5.98B | 50x | |
| BloFin BTC-USDT | +0.0167% | 8h | 86,893.9 | +0.072% | $420.5M | $644.3M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0200% | 1h | 86,837.3 | +0.007% | $15.5M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 86,974 | +0.164% | $753K | $7.0M | 30x | as long as short |
01 Exchange BTCUSD
Phemex BTCUSDT
BingX BTC-USDT
Reya BTCRUSDPERP
Aster BTCUSDT
Bitget BTCUSDT
ApeX Omni BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
Gate BTC_USDT
RISEx BTC/USDC
Bybit BTCUSDT
Popdex BTCUSDT
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Orderly PERP_BTC_USDC
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P