Funding you earn now, next payment 23:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.031%
Price spread now: dYdX against Variational Omni−0.048%7-day average +0.004% · 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)−0.088%−$9 on $10k
+Price spread, last 7 days+0.086%+$9 · spread now −0.048%, 7d avg +0.004%
=Together, before fees−0.002%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.051% cheaper against Variational Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 86,394.8 | 0.0100 | pay 0.0100% / 8h | 1h 11m | $155.5M | $568.5M | — |
| Short | dYdX BTC-USD | 86,353.5 | 0.0005 | get 0.0001% / 1h | 11m 41s | $16.9M | $21.1M | 50x |
Variational Omni BTC
dYdX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$19.92
- Price spread: −0.048% → +0.004%
- −$5.15
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$35.07
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; dYdX: live order book, 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 Variational Omni RFQ quote, 3 min ago | 0.56 bp | doesn't fit | 0.6 bp −$6 | 0.9 bp −$93 | doesn't fit |
| Sell dYdX live order book, 2 min ago | 9.20 bp | 17.4 bp −$17 | 17.4 bp −$174 | 17.4 bp −$1,744 | 25.8 bp −$12.9K |
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 | −0.0656% | 1h | 86,373.6 | −0.024% | $140K | $620K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,402 | +0.008% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,347 | −0.055% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,366.1 | −0.033% | $360K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0011% | 8h | 86,331.8 | −0.073% | $503.1M | $1.15B | 200x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,384.7 | −0.012% | $917.8M | $1.49B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0003% | 8h | 86,327 | −0.078% | $850.6M | $712.2M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,371.6 | −0.027% | $36.8M | — | 200x | as long as short |
| dYdX BTC-USDshort | +0.0005% | 1h | 86,353.5 | −0.048% | $16.9M | $21.1M | 50x | |
| RISEx BTC/USDC | +0.0006% | 1h | 86,360.9 | −0.039% | $8.4M | $42.8M | 25x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Aster BTCUSDT
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
RISEx BTC/USDCShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0023% | 1h | 86,345.8 | −0.057% | $6.7M | $145.0M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,360 | −0.040% | $332K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0036% | 8h | 86,314.8 | −0.093% | — | $15.4M | — | as long as short |
| Aftermath Perps BTCUSD | +0.0038% | 1h | 86,428 | +0.038% | $81K | $218K | 20x | as long as short |
| Phemex BTCUSDT | +0.0041% | 8h | 86,357.1 | −0.044% | $150.1M | $476.7M | 150x | as long as short |
| Bitget BTCUSDT | +0.0046% | 8h | 86,330.7 | −0.074% | $2.95B | $5.10B | 150x | as long as short |
| MEXC BTC_USDT | +0.0063% | 8h | 86,331.1 | −0.074% | $5.13B | $5.71B | 500x | as long as short |
| Binance BTCUSDT | +0.0064% | 8h | 86,332.9 | −0.072% | $9.41B | $24.44B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,345 | −0.058% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0080% | 8h | 86,335.8 | −0.068% | $5.84B | $10.75B | 200x | as long as short |
| Bybit BTCUSDT | +0.0093% | 8h | 86,337 | −0.067% | $5.25B | $9.78B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,344 | −0.059% | $170.4M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,350.3 | −0.051% | $24.1M | $152.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,357 | −0.044% | $8.4M | $52.4M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,336 | −0.068% | $202K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,370.3 | −0.028% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,352.8 | −0.049% | $21.6M | $234.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,399 | +0.005% | $3.79B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,367.9 | −0.031% | $40.7M | $513.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,340.5 | −0.063% | $2.53B | $12.71B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,342 | −0.061% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,384.7 | −0.012% | $7.8M | $94.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,498.7 | +0.120% | $571.7M | $18.6M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,337.9 | −0.066% | $37.8M | $155.0M | 75x | as long as short |
| Variational Omni BTClong | +0.0100% | 8h | 86,394.8 | long leg | $155.5M | $568.5M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 86,426.9 | +0.037% | $279.3M | $949.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,418.2 | +0.027% | $217.1M | $176.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,418.4 | +0.027% | $141.3M | $323.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,380 | −0.017% | $30.7M | $203.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,401.9 | +0.008% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,354 | −0.047% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,357 | −0.044% | $190K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,356.2 | −0.045% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,366.6 | −0.033% | $30.6M | $62.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,349.3 | −0.053% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,350 | −0.052% | $60.4M | $337.3M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,346.3 | −0.056% | $2.29B | $968.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,310.4 | −0.098% | $45.6M | $226.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,371.2 | −0.027% | — | $98.8M | 500x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,372.8 | −0.025% | $421K | $23.6M | 6.7x | as long as short |
| Hibachi BTC/USDT-P | +0.0112% | 1h | 86,387.5 | −0.008% | $719K | $8.1M | 30x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,389.1 | −0.007% | $131.3M | $5.69B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,372.4 | −0.026% | $191.1M | $944.0M | 100x | as long as short |
| BloFin BTC-USDT | +0.0184% | 8h | 86,353.7 | −0.048% | $414.2M | $653.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0187% / S −0.0213% | 1h | 86,365.2 | −0.034% | $15.2M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0199% | 8h | 86,386 | −0.010% | $9.8M | $734.6M | 6.4x | as long as short |
Reya BTCRUSDPERP
Injective BTC/USDC PERP
BingX BTC-USDC
Aftermath Perps BTCUSD
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
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
Perpl BTC
Hibachi BTC/USDT-P
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP