Funding you earn now, next payment 23:29 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.040%
Price spread now: Perpl against Variational Omni+0.036%7-day average +0.025% · 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)+0.063%+$6 on $10k
+Price spread, last 7 days+0.102%+$10 · spread now +0.036%, 7d avg +0.025%
=Together, before fees+0.165%+ Points / potential airdropVariational Omni: Active · Perpl: Active · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 86,407.7 | 0.0100 | pay 0.0100% / 8h | 10m 18s | $157.0M | $567.1M | — |
| Short | Perpl BTC | 86,439.1 | 0 | get 0.0000% / 43m | 6m 18s | $413K | $22.5M | 6.7x |
Variational Omni BTC
Perpl BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$21
- Price spread: +0.036% → +0.025%
- $1.12
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$33.68
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Perpl: no order-book sample. 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 | 1.2 bp −$117 | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0118% | 1h | 86,462 | +0.063% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,422 | +0.017% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,345 | −0.073% | $332K | $26.9M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,478.5 | +0.082% | $8.3M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,481 | +0.085% | $358K | $2.4M | 50x | as long as short |
| Perpl BTCshort | 0.0000% | 43m | 86,439.1 | +0.036% | $413K | $22.5M | 6.7x | |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,466.8 | +0.068% | $36.8M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0008% | 8h | 86,450 | +0.049% | $501.4M | $1.15B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0021% | 8h | 86,467.7 | +0.069% | $833.9M | $728.5M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0036% | 1h | 86,446.9 | +0.045% | $6.7M | $145.5M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0043% | 8h | 86,453.5 | +0.053% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0055% | 8h | 86,448.9 | +0.048% | $2.96B | $5.13B | 150x | as long as short |
| Phemex BTCUSDT | +0.0055% | 8h | 86,447.4 | +0.046% | $150.8M | $478.6M | 150x | as long as short |
| dYdX BTC-USD | +0.0063% | 1h | 86,456.7 | +0.057% | $16.9M | $21.2M | 50x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,436.7 | +0.034% | $2.5M | $1.4M | 20x | as long as short |
| MEXC BTC_USDT | +0.0073% | 8h | 86,452.9 | +0.052% | $5.16B | $5.69B | 500x | as long as short |
| Binance BTCUSDT | +0.0074% | 8h | 86,455.4 | +0.055% | $9.44B | $24.55B | 150x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,451.8 | +0.051% | $5.85B | $10.81B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,457.9 | +0.058% | $170.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,462.8 | +0.064% | $23.9M | $152.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,473 | +0.076% | $8.5M | $52.3M | 100x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 86,462.5 | +0.063% | $5.26B | $9.80B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,445 | +0.043% | $196K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,499.4 | +0.106% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,444.8 | +0.043% | $21.8M | $234.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,530 | +0.142% | $3.79B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,488.1 | +0.093% | $41.1M | $535.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,456.1 | +0.056% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,459 | +0.059% | $3.9M | $18.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,502.6 | +0.110% | $7.3M | $95.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,449 | +0.048% | $572.1M | $12.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,412.4 | +0.005% | $37.9M | $156.9M | 75x | as long as short |
| Variational Omni BTClong | +0.0100% | 8h | 86,407.7 | long leg | $157.0M | $567.1M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 86,408.7 | +0.001% | $279.1M | $946.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,427 | +0.022% | $217.0M | $172.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,423.1 | +0.018% | $141.3M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,460.1 | +0.061% | $30.7M | $206.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,501.8 | +0.109% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,462 | +0.063% | $11.1M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,454.4 | +0.054% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,448.5 | +0.047% | $2.5M | $9.4M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,483.1 | +0.087% | $141K | $664K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,480.4 | +0.084% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,462.8 | +0.064% | $3.4M | $5.3M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,446 | +0.044% | $60.5M | $338.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,458.8 | +0.059% | $2.29B | $968.2M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,428.9 | +0.025% | $45.7M | $227.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,458.3 | +0.059% | — | $100.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,474.3 | +0.077% | $192.9M | $953.3M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,480.4 | +0.084% | $132.2M | $5.64B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0158% | 1h | 86,472.6 | +0.075% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,470.6 | +0.073% | $717K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0194% | 8h | 86,439.9 | +0.037% | $415.1M | $658.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0223% | 1h | 86,459 | +0.059% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0207% | 8h | 86,476 | +0.079% | $10.0M | $751.4M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0350% | 1h | 86,507 | +0.115% | $913.2M | $1.49B | 50x | as long as short |
BingX BTC-USDT
Bitget BTCUSDT
Phemex BTCUSDT
dYdX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit 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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL