Funding you earn now, next payment 04:00 UTC+0.0508%/8h= +55.6% APRpaid last 24h +0.128%
Price spread now: Variational Omni against Backpack−0.150%7-day average +0.077% · 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)+0.095%+$9 on $10k
+Price spread, last 4 days (all we have)+0.465%+$46 · spread now −0.150%, 7d avg +0.077%
=Together, before fees+0.560%+ Points / potential airdropVariational Omni: Active · farm board+$56 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.227% cheaper against Backpack than usual: you would sell low and buy high (spread −0.150% now, against its 7-day average of +0.077%). If the spread goes back, that is −$23 on $10k: about 36 hours of funding at the current rate (+$15 a day). At the pace of the last 3 days (+0.095% in total) that is about 8.3 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.095% in total (about 10.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack EDGE_USDC_PERP | 0.5885 | −0.0408 | get 0.0051% / 1h | 57m 46s | $58K | $106K | 3.3x |
| Short | Variational Omni EDGE | 0.5876 | 0.0100 | get 0.0050% / 4h | 57m 46s | $187K | $135K | — |
Backpack EDGE_USDC_PERP
Variational Omni EDGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Backpack. 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
- $106.67
- Price spread: −0.150% → +0.077%
- −$22.73
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $73.94
- Costs to cover
- 0.100%
- Break-even
- 2.1 days
Slippage unknown: Backpack: live order book, 41 min ago; Variational Omni: RFQ quote, 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 Backpack live order book, 41 min ago | 3.37 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 5.10 bp | doesn't fit | 345.0 bp −$3,450 | doesn't fit | doesn't fit |
EDGE on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack EDGE_USDC_PERPlong | −0.0408% | 1h | 0.5885 | long leg | $58K | $106K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5860 | −0.420% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5864 | −0.360% | $7.0M | $3.3M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5888 | +0.048% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5871 | −0.241% | $4.7M | $1.1M | 20x | as long as short |
| Variational Omni EDGEshort | +0.0100% | 4h | 0.5876 | −0.150% | $187K | $135K | — | |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5890 | +0.082% | $8K | $2.2M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5887 | +0.031% | $9K | $304K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.6157 | +4.618% | $4K | $624K | 10x | as long as short |
| Extended EDGE-USD | +0.0360% | 1h | 0.5869 | −0.273% | $27K | $196K | 5x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Bitget EDGEUSDT
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
Extended EDGE-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EDGE_USDT | +0.0360% | 4h | 0.5872 | −0.224% | $1.1M | $882K | 50x | as long as short |
| Binance EDGEUSDT | +0.0360% | 4h | 0.5875 | −0.165% | $10.0M | $10.3M | 50x | as long as short |
| Aster EDGEUSDT | +0.0398% | 4h | 0.5886 | +0.016% | $68K | $128K | 5x | as long as short |
| BloFin EDGE-USDT | +0.0418% | 4h | 0.5890 | +0.082% | $655K | $101K | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0421% | 4h | 0.5879 | −0.105% | $3.7M | $5.7M | 20x | as long as short |
| edgeX EDGEUSDC | +0.0435% | 4h | 0.5893 | +0.131% | $14.1M | $3.6M | 30x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0586% | 4h | 0.5888 | +0.048% | $3K | — | 10x | as long as short |
MEXC EDGE_USDT
Binance EDGEUSDT
Aster EDGEUSDT
BloFin EDGE-USDT
OKX EDGE-USDT-SWAP
edgeX EDGEUSDC
Orderly PERP_EDGE_USDC