Funding you earn now, next payment 08:00 UTC−0.0289%/8h= −31.6% APRnext payment −$2.89 per $10,000 · paid last 24h −0.103%
Price spread now: Variational Omni against Phemex−0.495%7-day average −0.207% · 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)−0.599%−$60 on $10k
+Price spread, last 3 days (all we have)+0.355%+$35 · spread now −0.495%, 7d avg −0.207%
=Together, before fees−0.244%+ Points / potential airdropVariational Omni: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Variational Omni is 0.287% cheaper against Phemex than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.207%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.2000 | 0.0378 | pay 0.0378% / 8h | 7h 43m | $2.3M | $2.1M | 50x |
| Short | Variational Omni DOT | 1.1941 | 0.0089 | get 0.0089% / 8h | 7h 43m | $544K | $61K | — |
Phemex DOTUSDT
Variational Omni DOTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phemex. 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
- −$60.65
- Price spread: −0.495% → −0.207%
- −$28.74
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$101.38
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; Variational Omni: RFQ quote, 31 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 Phemex live order book, 5 min ago | 8.35 bp | 24.2 bp −$24 | 55.2 bp −$552 | 115.2 bp −$11.5K | doesn't fit |
| Sell Variational Omni RFQ quote, 31 min ago | 3.57 bp | doesn't fit | 16.8 bp −$168 | doesn't fit | doesn't fit |
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1972 | −0.230% | $259 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0048% | 1h | 1.1970 | −0.250% | $205K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1966 | −0.283% | $144K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUAL | 0.0000% | 1h | 1.1987 | −0.108% | $219K | $116K | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1981 | −0.161% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0015% | 8h | 1.1970 | −0.250% | $9.4M | $24.0M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.167% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0053% | 8h | 1.1978 | −0.183% | $6.6M | $9.0M | 75x | as long as short |
| Variational Omni DOTshort | +0.0089% | 8h | 1.1941 | −0.495% | $544K | $61K | — | |
| Lighter DOT | +0.0096% | 1h | 1.1980 | −0.169% | $243K | $601K | 10x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
Deribit DOT_USDC-PERPETUAL
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack DOT_USDC_PERP | +0.0096% | 1h | 1.1949 | −0.425% | $95K | $129K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1976 | −0.200% | $5.4M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1986 | −0.115% | $873K | $691K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1979 | −0.174% | $44.0M | $83.4M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1975 | −0.208% | $24.7M | $18.7M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1970 | −0.250% | $6.7M | $11.5M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1978 | −0.183% | $35.5M | $41.9M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1973 | −0.225% | $22.9M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1977 | −0.192% | — | $1.3M | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1954 | −0.381% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1956 | −0.363% | $231K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1970 | −0.250% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1986 | −0.117% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1951 | −0.408% | $247K | $216K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1973 | −0.223% | $14K | $282K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0117% | 1h | 1.1989 | −0.091% | $4.5M | $1.4M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1981 | −0.158% | $2.2M | $791K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1981 | −0.155% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTlong | +0.0378% | 8h | 1.2000 | long leg | $2.3M | $2.1M | 50x |
Backpack DOT_USDC_PERP
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]