Funding you earn now, next payment 01:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.010%
Price spread now: Aftermath Perps against Variational Omni+0.148%7-day average +0.035% · 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)+0.029%+$3 on $10k
+Price spread, last 3 days (all we have)−0.092%−$9 · spread now +0.148%, 7d avg +0.035%
=Together, before fees−0.063%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aftermath Perps is 0.113% dearer against Variational Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 86,271.9 | 0.0100 | pay 0.0100% / 8h | 7h 20m | $157.9M | $558.2M | — |
| Short | Aftermath Perps BTCUSD | 86,399.2 | 0.0170 | get 0.0021% / 1h | 20m 49s | $77K | $217K | 20x |
Variational Omni BTC
Aftermath Perps BTCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aftermath Perps against Variational Omni. 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
- $14.68
- Price spread: +0.148% → +0.035%
- $11.29
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- $16.97
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Aftermath Perps: live order book, 53 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 Variational Omni RFQ quote, 3 min ago | 0.56 bp | doesn't fit | 2.5 bp −$25 | 4.7 bp −$466 | doesn't fit |
| Sell Aftermath Perps live order book, 53 min ago | 1.00 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | 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 | −0.0161% | 1h | 86,307 | +0.041% | $144K | $666K | 40x | as long as short |
| Phoenix BTC | −0.0129% | 1h | 86,359 | +0.101% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,322 | +0.058% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,278.8 | +0.008% | $364K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,315.4 | +0.050% | $481K | $21.4M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,297.6 | +0.030% | $36.9M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.100% | $343K | $26.9M | 52x | as long as short |
| dYdX BTC-USD | +0.0024% | 1h | 86,339.8 | +0.079% | $16.9M | $20.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0030% | 8h | 86,288.4 | +0.019% | $500.4M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0042% | 8h | 86,282 | +0.012% | $830.9M | $717.9M | 125x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
dYdX BTC-USD
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0047% | 1h | 86,270.5 | −0.002% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDT | +0.0050% | 8h | 86,296.2 | +0.028% | — | $1.57B | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,288.1 | +0.019% | $8.3M | $42.4M | 25x | as long as short |
| Bitget BTCUSDT | +0.0064% | 8h | 86,285.7 | +0.016% | $2.98B | $5.04B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,286.5 | +0.017% | $2.5M | $1.8M | 20x | as long as short |
| SoDEX BTC-USD | +0.0082% | 1h | 86,285 | +0.015% | $60.3M | $338.2M | 40x | as long as short |
| MEXC BTC_USDT | +0.0083% | 8h | 86,288.2 | +0.019% | $5.13B | $5.72B | 500x | as long as short |
| Binance BTCUSDT | +0.0083% | 8h | 86,288.1 | +0.019% | $9.40B | $24.27B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,306.9 | +0.041% | $170.5M | $987.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,296.2 | +0.028% | $23.7M | $150.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,267 | −0.006% | $8.4M | $52.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,250 | −0.025% | $196K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,327.4 | +0.064% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,310.5 | +0.045% | $22.1M | $227.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,355 | +0.096% | $3.79B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,328 | +0.065% | $41.1M | $552.2M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,296.9 | +0.029% | $5.25B | $9.66B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,292.2 | +0.024% | $2.56B | $12.45B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,261 | −0.013% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,305.8 | +0.039% | $7.2M | $94.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,296.1 | +0.028% | $5.78B | $10.56B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,269.1 | −0.003% | $37.2M | $158.9M | 75x | as long as short |
| Variational Omni BTClong | +0.0100% | 8h | 86,271.9 | long leg | $157.9M | $558.2M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 86,378.6 | +0.124% | $279.0M | $949.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,434.6 | +0.189% | $217.1M | $165.2M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,403.6 | +0.153% | $141.5M | $321.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,336.6 | +0.075% | $30.7M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,328.2 | +0.065% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,274 | +0.002% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,278 | +0.007% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,280.9 | +0.010% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,310.7 | +0.045% | $30.3M | $57.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,256.6 | −0.018% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,270.1 | −0.002% | $2.29B | $958.7M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,290.4 | +0.021% | $155.0M | $473.4M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,411.1 | +0.161% | $576.0M | $32.8M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,277.7 | +0.007% | $46.1M | $222.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,323.6 | +0.060% | — | $98.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,337.7 | +0.076% | $132.4M | $5.34B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,326 | +0.063% | $192.4M | $944.4M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0155% | 1h | 86,337.9 | +0.076% | $902.2M | $1.51B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,341.8 | +0.081% | $709K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSDshort | +0.0170% | 1h | 86,399.2 | +0.148% | $77K | $217K | 20x | |
| BloFin BTC-USDT | +0.0203% | 8h | 86,280.1 | +0.009% | $415.0M | $641.3M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0206% / S −0.0221% | 1h | 86,292.4 | +0.024% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0206% | 8h | 86,319 | +0.055% | $10.6M | $765.4M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
RISEx BTC/USDC
Bitget BTCUSDT
Aevo BTC-PERP
SoDEX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
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
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP