Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Variational Omni against Paradex−0.171%7-day average −0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.002%$0 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.171%, 7d avg −0.018%
=Together, before fees+0.077%+ Points / potential airdropParadex: Active · Variational Omni: Active · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.153% cheaper against Paradex than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BTC-USD-PERP | 86,708.7 | 0.0100 | pay 0.0100% / 8h | 1h 42m | $4.8M | $8.3M | 50x |
| Short | Variational Omni BTC | 86,560.2 | 0.0100 | get 0.0100% / 8h | 1h 42m | $156.7M | $569.2M | — |
Paradex BTC-USD-PERP
Variational Omni BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Paradex. 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
- $0.03
- Price spread: −0.171% → −0.018%
- −$15.31
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$19.28
- Costs to cover
- 0.040%
- Break-even
- 4216.4 days
Slippage unknown: Paradex: 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 Paradex live order book, 2 min ago | 1.06 bp | 3.1 bp −$3 | 3.1 bp −$31 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 0.55 bp | doesn't fit | 0.5 bp −$5 | 3.3 bp −$326 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.1111% | 1h | 86,712.3 | +0.004% | $141K | $618K | 40x | as long as short |
| Aftermath Perps BTCUSD | −0.0172% | 1h | 86,612.5 | −0.111% | $79K | $199K | 20x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,603 | −0.122% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,620 | −0.102% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0013% | 1h | 86,682.4 | −0.030% | $17.5M | $20.3M | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,682.4 | −0.030% | $359K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0007% | 8h | 86,676.1 | −0.038% | $505.9M | $1.15B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,647.7 | −0.070% | $418K | $24.0M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,721.9 | +0.015% | $926.0M | $1.47B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 86,660.8 | −0.055% | $852.9M | $707.7M | 125x | as long as short |
Bluefin BTC-PERP
Aftermath Perps BTCUSD
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Deribit BTC-PERPETUAL
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,717.5 | +0.010% | $36.9M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,677.2 | −0.036% | $8.6M | $43.2M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,670.5 | −0.044% | $6.7M | $144.8M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | −0.173% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0024% | 8h | 86,619.6 | −0.103% | $149.6M | $473.0M | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0024% | 1h | 86,651.1 | −0.066% | $732K | $8.1M | 30x | as long as short |
| BingX BTC-USDC | +0.0031% | 8h | 86,681.2 | −0.032% | — | $15.3M | — | as long as short |
| Bitget BTCUSDT | +0.0041% | 8h | 86,694.4 | −0.016% | $2.96B | $5.07B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,683.4 | −0.029% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0060% | 8h | 86,679.8 | −0.033% | $5.19B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,697.2 | −0.013% | $9.44B | $24.31B | 150x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,670.2 | −0.044% | $5.86B | $10.64B | 200x | as long as short |
| Bybit BTCUSDT | +0.0090% | 8h | 86,699.6 | −0.010% | $5.28B | $9.70B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,661 | −0.055% | $172.4M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,686.4 | −0.026% | $24.1M | $151.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,679 | −0.034% | $8.5M | $52.1M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,652 | −0.065% | $207K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERPlong | +0.0100% | 8h | 86,708.7 | long leg | $4.8M | $8.3M | 50x | |
| Nado BTC-PERP | +0.0100% | 1h | 86,666.6 | −0.049% | $21.9M | $233.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,750 | +0.048% | $3.82B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,691.7 | −0.020% | $40.9M | $504.7M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,692.6 | −0.019% | $2.55B | $12.70B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,690 | −0.022% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,737.2 | +0.033% | $7.4M | $93.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,527.4 | −0.209% | $571.7M | $19.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,632.5 | −0.088% | $38.5M | $153.1M | 75x | as long as short |
| Variational Omni BTCshort | +0.0100% | 8h | 86,560.2 | −0.171% | $156.7M | $569.2M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 86,583.1 | −0.145% | $279.6M | $943.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,610.1 | −0.114% | $217.3M | $177.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,623.7 | −0.098% | $141.6M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,593.7 | −0.133% | $30.7M | $203.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,713.3 | +0.005% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,678 | −0.035% | $11.1M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,682 | −0.031% | $195K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,696.3 | −0.014% | $2.5M | $8.6M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,688.8 | −0.023% | $30.1M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,689 | −0.023% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,688 | −0.024% | $60.6M | $336.9M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,617.6 | −0.105% | $2.30B | $958.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,672.4 | −0.042% | $46.3M | $225.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,683.1 | −0.030% | — | $98.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,730.1 | +0.025% | $131.9M | $5.73B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,725.8 | +0.020% | $191.9M | $936.9M | 100x | as long as short |
| BloFin BTC-USDT | +0.0180% | 8h | 86,618.8 | −0.104% | $415.5M | $653.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0208% | 1h | 86,709.6 | +0.001% | $15.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0191% | 8h | 86,649 | −0.069% | $9.6M | $726.4M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
Hibachi BTC/USDT-P
BingX BTC-USDC
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
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