Funding you earn now, next payment 01:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.033%
Price spread now: 01 Exchange against Variational Omni−0.132%7-day average +0.005% · 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)−0.093%−$9 on $10k
+Price spread, last 7 days+0.176%+$18 · spread now −0.132%, 7d avg +0.005%
=Together, before fees+0.083%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.137% cheaper against Variational Omni than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 86,271.9 | 0.0100 | pay 0.0100% / 8h | 7h 18m | $157.9M | $558.2M | — |
| Short | 01 Exchange BTCUSD | 86,157.7 | −0.0032 | pay 0.0004% / 1h | 18m 21s | $363K | $2.4M | 50x |
Variational Omni BTC
01 Exchange BTCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$27.72
- Price spread: −0.132% → +0.005%
- −$13.72
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$48.44
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; 01 Exchange: live order book, 1 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 | 0.50 bp | doesn't fit | 0.6 bp −$6 | 1.5 bp −$147 | doesn't fit |
| Sell 01 Exchange live order book, 1 min ago | 0.08 bp | 6.8 bp −$7 | 28.7 bp −$287 | doesn't fit | doesn't fit |
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 | −0.0129% | 1h | 86,359 | +0.101% | $2.2M | $11.2M | 40x | as long as short |
| Bluefin BTC-PERP | −0.0101% | 1h | 86,256.7 | −0.018% | $144K | $667K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,160 | −0.130% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSDshort | −0.0032% | 1h | 86,157.7 | −0.132% | $363K | $2.4M | 50x | |
| Perpl BTC | 0.0000% | 43m | 86,188.4 | −0.097% | $544K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,223.7 | −0.056% | $36.8M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0023% | 1h | 86,139 | −0.154% | $16.9M | $20.5M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.100% | $343K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0029% | 8h | 86,179.3 | −0.107% | $499.7M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0042% | 8h | 86,148.7 | −0.143% | $830.1M | $718.0M | 125x | as long as short |
Phoenix BTC
Bluefin BTC-PERP
Hotstuff BTC-PERP
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0047% | 1h | 86,171.7 | −0.116% | $6.7M | $145.8M | 40x | as long as short |
| BingX BTC-USDC | +0.0050% | 8h | 86,188.9 | −0.096% | — | $15.3M | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,157.3 | −0.133% | $8.3M | $42.4M | 25x | as long as short |
| Bitget BTCUSDT | +0.0064% | 8h | 86,214.9 | −0.066% | $2.97B | $5.05B | 150x | as long as short |
| SoDEX BTC-USD | +0.0077% | 1h | 86,212 | −0.069% | $60.4M | $338.2M | 40x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,214.2 | −0.067% | $2.5M | $1.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0083% | 8h | 86,218.2 | −0.062% | $9.39B | $24.33B | 150x | as long as short |
| MEXC BTC_USDT | +0.0083% | 8h | 86,177.6 | −0.109% | $5.10B | $5.74B | 500x | as long as short |
| Gate BTC_USDT | +0.0087% | 8h | 86,223.6 | −0.056% | $5.76B | $10.58B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,155.7 | −0.135% | $170.1M | $989.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,160.7 | −0.129% | $23.6M | $151.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,153 | −0.138% | $8.4M | $52.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,129 | −0.166% | $196K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,174.1 | −0.113% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,149.6 | −0.142% | $22.0M | $227.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,253 | −0.022% | $3.78B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,160.4 | −0.129% | $40.5M | $558.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,230.6 | −0.048% | $5.25B | $9.67B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,224.3 | −0.055% | $2.56B | $12.46B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,132 | −0.162% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,169.9 | −0.118% | $7.2M | $95.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,145.7 | −0.146% | $580.3M | $59.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,151.7 | −0.139% | $35.7M | $159.3M | 75x | as long as short |
| Variational Omni BTClong | +0.0100% | 8h | 86,271.9 | long leg | $157.9M | $558.2M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 86,274.4 | +0.003% | $278.7M | $950.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,277 | +0.006% | $216.6M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,283.5 | +0.013% | $141.3M | $321.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,247 | −0.029% | $30.6M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,217.7 | −0.063% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,176 | −0.111% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,194.8 | −0.089% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,212.5 | −0.069% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,238.1 | −0.039% | $30.3M | $56.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,215.4 | −0.066% | $3.3M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,139.7 | −0.153% | $2.29B | $960.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,161.1 | −0.128% | $154.9M | $473.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,197.6 | −0.086% | $46.1M | $222.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,212.7 | −0.069% | — | $98.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,271.2 | −0.001% | $132.3M | $5.33B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,266 | −0.007% | $192.0M | $945.4M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0151% | 1h | 86,267.6 | −0.005% | $902.1M | $1.51B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,323 | +0.059% | $714K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0170% | 1h | 86,331.8 | +0.069% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0203% | 8h | 86,139.1 | −0.154% | $415.1M | $640.9M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0206% | 8h | 86,253 | −0.022% | $10.4M | $765.6M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0221% | 1h | 86,206.3 | −0.076% | $14.5M | — | 200x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
RISEx BTC/USDC
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
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
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]