Funding you earn now, next payment 02:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.010%
Price spread now: Coinbase International against Variational Omni+0.135%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)+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.135%, 7d avg +0.057%
=Together, before fees−0.231%+ Points / potential airdropVariational Omni: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.077% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.057%.
| 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 43m | $154.0M | $550.0M | — |
| Short | Coinbase International BTC-PERP-INTX | 85,600 | 0.0112 | get 0.0014% / 1h | 43m 32s | $130.8M | $5.08B | 50x |
Variational Omni BTC
Coinbase International BTC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $2.52
- Price spread: +0.135% → +0.057%
- $7.74
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $0.26
- Costs to cover
- 0.100%
- Break-even
- 6.3 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Coinbase International: live order book, 6 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, 1 min ago | 0.53 bp | doesn't fit | 0.5 bp −$5 | 1.7 bp −$172 | doesn't fit |
| Sell Coinbase International live order book, 6 min ago | 0.01 bp | 5.0 bp −$5 | 5.2 bp −$52 | 6.3 bp −$630 | 14.3 bp −$7,147 |
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 | 85,574 | +0.104% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,586.2 | +0.118% | $368K | $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 | +0.0003% | 1h | 85,585.6 | +0.118% | $22.8M | $221.7M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,559.7 | +0.087% | $36.6M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0014% | 8h | 85,600.7 | +0.135% | $906.8M | $749.4M | 125x | as long as short |
| Aster BTCUSDT | +0.0020% | 8h | 85,612.5 | +0.149% | $515.9M | $1.11B | 200x | as long as short |
| BingX BTC-USDC | +0.0053% | 8h | 85,585.3 | +0.117% | — | $17.0M | — | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
BingX BTC-USDCShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0066% | 1h | 85,580.1 | +0.111% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0067% | 8h | 85,584.1 | +0.116% | $2.95B | $5.02B | 150x | as long as short |
| HTX BTC-USDT | +0.0073% | 8h | 85,548.6 | +0.074% | $2.27B | $931.9M | 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 | 85,557.5 | +0.085% | $2.5M | $1.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0083% | 8h | 85,556.9 | +0.084% | $148.2M | $478.5M | 150x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,606.5 | +0.142% | $5.03B | $5.60B | 500x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,594.7 | +0.128% | $9.34B | $23.88B | 150x | as long as short |
| SunX BTC-USDT | +0.0088% | 8h | 85,533.6 | +0.057% | $2.9M | $6.1M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0095% | 1h | 85,597.5 | +0.132% | $893.6M | $1.52B | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,622.7 | +0.161% | $169.6M | $986.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,622.7 | +0.161% | $23.9M | $147.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,599 | +0.133% | $8.4M | $51.9M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,651.5 | +0.195% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,569 | +0.098% | $205K | $7.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,682 | +0.230% | $3.78B | $4.94B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,645 | +0.187% | $40.2M | $571.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,601.8 | +0.137% | $5.33B | $9.58B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,598 | +0.132% | $2.56B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,587 | +0.119% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,564.6 | +0.093% | $7.3M | $97.2M | 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 | 85,611.8 | +0.148% | $5.55B | $10.45B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,561.1 | +0.089% | $35.1M | $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 | 85,511.8 | +0.031% | $278.9M | $932.4M | 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 | 85,578.6 | +0.110% | $140.0M | $316.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,570.9 | +0.101% | $30.3M | $211.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,641.2 | +0.183% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,584 | +0.116% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,551.2 | +0.077% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,557.2 | +0.084% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,601.3 | +0.136% | $197K | $722K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,555.7 | +0.083% | $30.0M | $52.5M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,561 | +0.089% | $59.9M | $336.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,575.4 | +0.106% | $44.1M | $227.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,615.3 | +0.152% | — | $105.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTXshort | +0.0112% | 1h | 85,600 | +0.135% | $130.8M | $5.08B | 50x | |
| RISEx BTC/USDC | +0.0120% | 1h | 85,616.6 | +0.154% | $8.3M | $42.2M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,585.1 | +0.117% | $187.5M | $948.7M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0198% | 1h | 85,559.9 | +0.088% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,583.5 | +0.115% | $697K | $7.9M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0180% | 1h | 85,556.1 | +0.083% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,608 | +0.144% | $10.5M | $760.3M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,580 | +0.111% | $525K | $19.5M | 6.7x | as long as short |
Reya BTCRUSDPERP
Bitget BTCUSDT
HTX BTC-USDT
Injective BTC/USDC PERP
Aevo BTC-PERP
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
SunX BTC-USDT
Deribit BTC-PERPETUAL
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk 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
Bluefin BTC-PERP
Derive BTC-PERP
SoDEX BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC