BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.018%

Price spread now: Variational Omni against Gate+0.047%7-day average −0.006% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.034%+$3 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.047%, 7d avg −0.006%

Together, before fees−0.038%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.053% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BTC_USDT	86,444.5	0.0082	pay 0.0082% / 8h	12m 01s	$5.85B	$10.80B	200x
Short	Variational Omni BTC	86,485.4	0.0100	get 0.0100% / 8h	12m 01s	$157.1M	$568.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee Variational OmnibpOrdersPrice spread, now +0.047%Rate

Funding earned: $3.78
Price spread: +0.047% → −0.006%: $5.29
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.93
Costs to cover: 0.150%
Break-even: 18.0 days

Slippage unknown: Gate: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 Gate live order book, 2 min ago	0.01 bp	7.5 bp −$8	7.5 bp −$75	9.6 bp −$957	16.3 bp −$8,167
Sell Variational Omni RFQ quote, 2 min ago	0.50 bp	doesn't fit	0.5 bp −$5	3.3 bp −$328	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
Phoenix BTC	−0.0118%	1h	86,476	+0.036%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,421	−0.027%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,345	−0.115%	$332K	$26.9M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,468.8	+0.028%	$8.3M	$42.7M	25x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,476.2	+0.037%	$358K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,447.6	+0.004%	$414K	$22.5M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,471.8	+0.032%	$36.8M	—	200x	as long as short
Aster BTCUSDT	+0.0007%	8h	86,445.7	+0.001%	$501.4M	$1.15B	200x	as long as short
KuCoin XBTUSDTM	+0.0020%	8h	86,447.1	+0.003%	$833.8M	$728.5M	125x	as long as short
Reya BTCRUSDPERP	+0.0035%	1h	86,456.3	+0.014%	$6.7M	$145.5M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0043%	8h	86,449.5	+0.006%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0054%	8h	86,461.6	+0.020%	$150.6M	$478.2M	150x	as long as short
Bitget BTCUSDT	+0.0055%	8h	86,441.1	−0.004%	$2.96B	$5.13B	150x	as long as short
dYdX BTC-USD	+0.0064%	1h	86,456.7	+0.014%	$16.9M	$21.1M	50x	as long as short
MEXC BTC_USDT	+0.0072%	8h	86,443.6	−0.001%	$5.16B	$5.68B	500x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,434.5	−0.012%	$2.4M	$1.3M	20x	as long as short
Binance BTCUSDT	+0.0073%	8h	86,442.1	−0.003%	$9.43B	$24.55B	150x	as long as short
Gate BTC_USDTlong	+0.0082%	8h	86,444.5	long leg	$5.85B	$10.80B	200x
Lighter BTC	+0.0096%	1h	86,457.3	+0.015%	$170.1M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,464.7	+0.023%	$23.9M	$152.7M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,453	+0.010%	$8.5M	$52.4M	100x	as long as short
Bybit BTCUSDT	+0.0099%	8h	86,454	+0.011%	$5.26B	$9.79B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,440	−0.005%	$196K	$7.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,501.7	+0.066%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,462.9	+0.021%	$21.7M	$234.1M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,518	+0.085%	$3.79B	$5.11B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,493	+0.056%	$41.1M	$535.5M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,457.5	+0.015%	$2.55B	$12.73B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,462	+0.020%	$3.9M	$18.4M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,496.5	+0.060%	$7.3M	$95.9M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,449	+0.005%	$572.1M	$12.5M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,443	−0.002%	$38.0M	$157.2M	75x	as long as short
Variational Omni BTCshort	+0.0100%	8h	86,485.4	+0.047%	$157.1M	$568.4M	—
edgeX BTCUSDC	+0.0100%	4h	86,457.2	+0.015%	$279.3M	$947.8M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,437.7	−0.008%	$216.9M	$172.3M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,457.6	+0.015%	$141.4M	$323.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,450.5	+0.007%	$30.7M	$206.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,501.5	+0.066%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,459	+0.017%	$11.1M	$13.9M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,458.5	+0.016%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,447.4	+0.003%	$2.5M	$9.4M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,477.4	+0.038%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,476.9	+0.038%	$30.5M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,429.9	−0.017%	$3.4M	$5.3M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,442	−0.003%	$60.5M	$338.0M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,437.9	−0.008%	$2.29B	$968.2M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,428.8	−0.018%	$45.7M	$227.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,453.1	+0.010%	—	$100.0M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,471.2	+0.031%	$192.9M	$953.2M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,486.9	+0.049%	$132.3M	$5.64B	50x	as long as short
Aftermath Perps BTCUSD	+0.0157%	1h	86,474.7	+0.035%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	86,469.7	+0.029%	$717K	$8.1M	30x	as long as short
BloFin BTC-USDT	+0.0193%	8h	86,431.3	−0.015%	$414.9M	$658.6M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0199% / S −0.0223%	1h	86,470.3	+0.030%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0206%	8h	86,478	+0.039%	$10.0M	$750.5M	6.4x	as long as short
Deribit BTC-PERPETUAL	+0.0211%	1h	86,489.3	+0.052%	$911.5M	$1.48B	50x	as long as short