Funding you earn now, next payment 09:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h 0.000%
Price spread now: RISEx against Variational Omni+0.129%7-day average +0.017% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.003%$0 on $10k
+Price spread, last 7 days−0.081%−$8 · spread now +0.129%, 7d avg +0.017%
=Together, before fees−0.077%+ Points / potential airdropVariational Omni: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.112% 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 +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 85,265.8 | 0.0100 | pay 0.0100% / 8h | 7h 59m | $155.3M | $548.8M | — |
| Short | RISEx BTC/USDC | 85,376.1 | 0.0194 | get 0.0024% / 1h | 59m 34s | $8.9M | $42.9M | 25x |
Variational Omni BTC
RISEx BTC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $19.72
- Price spread: +0.129% → +0.017%
- $11.24
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $24.96
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; RISEx: live order book, 10 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, 5 min ago | 0.68 bp | doesn't fit | 0.7 bp −$7 | 1.9 bp −$189 | doesn't fit |
| Sell RISEx live order book, 10 min ago | 0.01 bp | 3.8 bp −$4 | 3.8 bp −$38 | 9.9 bp −$993 | doesn't fit |
BTC on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,351 | +0.100% | $8K | $2K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,341 | +0.088% | $2.3M | $10.4M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,279.8 | +0.016% | $421.4M | $684.9M | 150x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,335.5 | +0.082% | $345K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 85,334.3 | +0.080% | $929.7M | $776.8M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,345 | +0.093% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,336.9 | +0.083% | $502.5M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0022% | 1h | 85,321.7 | +0.066% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,305.6 | +0.047% | $186.3M | $954.0M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,267 | +0.001% | $311K | $26.1M | 52x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
Injective BTC/USDC PERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0069% | 8h | 85,335.8 | +0.082% | — | $17.5M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,351.5 | +0.100% | $169.6M | $935.2M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,348 | +0.096% | $23.6M | $133.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,331 | +0.076% | $8.4M | $57.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,290 | +0.028% | $2.4M | $6.7M | 20x | as long as short |
| ApeX Omni BTCUSDT | +0.0097% | 1h | 85,273.7 | +0.009% | $138.0M | $312.8M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,358.3 | +0.108% | $5.7M | $9.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,299.9 | +0.040% | $24.0M | $219.8M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,359.9 | +0.110% | $40.2M | $604.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,348.9 | +0.097% | $9.40B | $25.18B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,333.1 | +0.079% | $5.09B | $10.03B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,332.6 | +0.078% | $2.61B | $12.25B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,338 | +0.085% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,369 | +0.121% | $4.6M | $97.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,256 | −0.012% | $695.2M | $190.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,355.3 | +0.105% | $5.46B | $9.79B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,337 | +0.083% | $5.03B | $5.70B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,340.5 | +0.088% | $2.97B | $5.19B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,297.5 | +0.037% | $36.8M | $191.6M | 75x | as long as short |
| Variational Omni BTClong | +0.0100% | 8h | 85,265.8 | long leg | $155.3M | $548.8M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 85,267.5 | +0.002% | $282.8M | $959.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,283.5 | +0.021% | $214.0M | $159.0M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,270.7 | +0.006% | $30.1M | $216.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,403.9 | +0.162% | — | $9.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,315 | +0.058% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,346.3 | +0.094% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,295.6 | +0.035% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,347.1 | +0.095% | $193K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,317.2 | +0.060% | $28.8M | $46.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,280.8 | +0.018% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,290 | +0.028% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,284.7 | +0.022% | $2.25B | $974.2M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,301.2 | +0.041% | $159.0M | $516.4M | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0103% | 1h | 85,328.7 | +0.074% | $829.4M | $1.67B | 50x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,338.5 | +0.085% | $45.7M | $241.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,296.9 | +0.036% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,333 | +0.079% | $111.8M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0145% | 1h | 85,286 | +0.024% | $6.6M | $141.1M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,319 | +0.062% | $11.9M | $737.5M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,295.4 | +0.035% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDCshort | +0.0194% | 1h | 85,376.1 | +0.129% | $8.9M | $42.9M | 25x | |
| Hyperliquid BTC | +0.0228% | 1h | 85,424 | +0.185% | $3.79B | $5.11B | 40x | as long as short |
| Aftermath Perps BTCUSD | +0.0283% | 1h | 85,298.8 | +0.039% | $81K | $249K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0312% | 1h | 85,302.6 | +0.043% | $682K | $7.8M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,378.6 | +0.132% | $464K | $18.4M | 6.7x | as long as short |
BingX BTC-USDC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
ApeX Omni BTCUSDT
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
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
Phemex BTCUSDT
Deribit BTC-PERPETUAL
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC