BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.14 per $10,000 · paid last 24h −0.007%

Price spread now: Binance against Variational Omni+0.121%7-day average +0.009% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 7 days−0.100%−$10 · spread now +0.121%, 7d avg +0.009%

Together, before fees−0.115%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.112% dearer against Variational Omni than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.009%): +$11 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 27 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BTC	85,485	0.0100	pay 0.0100% / 8h	5h 44m	$154.0M	$550.0M	—
Short	Binance BTCUSDT	85,588.5	0.0086	get 0.0086% / 8h	5h 44m	$9.33B	$23.88B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.121%Rate

Funding earned: −$2.89
Price spread: +0.121% → +0.009%: $11.17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1.71
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Binance: live order book, 14 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, 4 min ago	0.50 bp	doesn't fit	0.5 bp −$5	1.6 bp −$162	doesn't fit
Sell Binance live order book, 14 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.0 bp −$501	5.9 bp −$2,961

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	−0.0160%	1h	85,485	0.000%	$2.2M	$10.3M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,518	+0.039%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	85,566.5	+0.095%	$367K	$2.3M	50x	as long as short
BloFin BTC-USDT	−0.0030%	8h	85,579.2	+0.110%	$416.4M	$660.4M	150x	as long as short
dYdX BTC-USD	0.0000%	1h	85,596.8	+0.131%	$16.7M	$20.9M	50x	as long as short
Nado BTC-PERP	+0.0002%	1h	85,570.3	+0.100%	$22.6M	$221.7M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,575.4	+0.106%	$36.6M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0015%	8h	85,608.3	+0.144%	$907.2M	$748.8M	125x	as long as short
Aster BTCUSDT	+0.0018%	8h	85,614.9	+0.152%	$515.9M	$1.11B	200x	as long as short
BingX BTC-USDT	+0.0053%	8h	85,597.8	+0.132%	—	$1.54B	—	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0066%	1h	85,563	+0.091%	$6.7M	$146.4M	40x	as long as short
Bitget BTCUSDT	+0.0067%	8h	85,581.2	+0.113%	$2.95B	$5.02B	150x	as long as short
HTX BTC-USDT	+0.0074%	8h	85,575	+0.105%	$2.27B	$931.3M	200x	as long as short
Injective BTC/USDC PERP	+0.0079%	1h	85,617	+0.154%	$340K	$26.9M	52x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,582	+0.113%	$2.5M	$1.7M	20x	as long as short
Phemex BTCUSDT	+0.0083%	8h	85,581.7	+0.113%	$148.3M	$478.3M	150x	as long as short
MEXC BTC_USDT	+0.0085%	8h	85,600.2	+0.135%	$5.04B	$5.60B	500x	as long as short
Binance BTCUSDTshort	+0.0086%	8h	85,588.5	+0.121%	$9.33B	$23.88B	150x
SunX BTC-USDT	+0.0088%	8h	85,537.4	+0.061%	$2.9M	$6.1M	100x	as long as short
Lighter BTC	+0.0096%	1h	85,585.7	+0.118%	$169.5M	$986.4M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,591.7	+0.125%	$23.9M	$147.7M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,569	+0.098%	$8.4M	$51.7M	100x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	85,587.1	+0.119%	$3.8M	$8.3M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,537	+0.061%	$205K	$7.7M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,645	+0.187%	$3.77B	$4.94B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,563.1	+0.091%	$40.1M	$571.1M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,581.4	+0.113%	$5.33B	$9.58B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,594.1	+0.128%	$2.57B	$12.12B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,566	+0.095%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,523.9	+0.046%	$7.2M	$97.0M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,562.7	+0.091%	$616.1M	$358.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,595.6	+0.129%	$5.55B	$10.44B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,605	+0.140%	$35.0M	$171.6M	75x	as long as short
Variational Omni BTClong	+0.0100%	8h	85,485	long leg	$154.0M	$550.0M	—
edgeX BTCUSDC	+0.0100%	4h	85,439.2	−0.054%	$278.7M	$931.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,432.8	−0.061%	$214.5M	$161.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,513.3	+0.033%	$139.9M	$316.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,470.3	−0.017%	$30.3M	$211.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,597.6	+0.132%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,560	+0.088%	$11.0M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,570	+0.099%	$188K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,582	+0.113%	$2.4M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,624.3	+0.163%	$197K	$722K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,581	+0.112%	$30.0M	$52.6M	15x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,586	+0.118%	$59.9M	$336.3M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,602.5	+0.137%	$44.1M	$227.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,505	+0.023%	—	$105.2M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,623.1	+0.162%	$130.9M	$5.07B	50x	as long as short
RISEx BTC/USDC	+0.0120%	1h	85,593.2	+0.127%	$8.4M	$42.2M	25x	as long as short
Deribit BTC-PERPETUAL	+0.0133%	1h	85,625.1	+0.164%	$894.3M	$1.52B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0138%	1h	85,615.9	+0.153%	$187.4M	$948.7M	100x	as long as short
Aftermath Perps BTCUSD	+0.0199%	1h	85,546.7	+0.072%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0200%	1h	85,464.2	−0.024%	$698K	$7.8M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0180%	1h	85,575	+0.105%	$13.6M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0211%	8h	85,567	+0.096%	$10.6M	$760.0M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,582	+0.113%	$528K	$19.6M	6.7x	as long as short