Funding you earn now, next payment 23:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.008%
Price spread now: Variational Omni against Reya+0.036%55s7-day average +0.032% · 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)−0.042%−$4 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.036%, 7d avg +0.032%
=Together, before fees−0.071%+ Points / potential airdropReya: Active · Variational Omni: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ETHRUSDPERP | 2,780.7 | 0.0189 | pay 0.0024% / 1h | 39m 43s | $7.4M | $1.1M | 25x |
| Short | Variational Omni ETH | 2,781.7 | 0.0100 | get 0.0100% / 8h | 1h 39m | $135.5M | $322.3M | — |
Reya ETHRUSDPERP
Variational Omni ETHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Reya. 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
- −$18.66
- Price spread: +0.036% → +0.032%
- $0.42
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$24.24
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 4 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 Reya no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 4 min ago | 0.50 bp | doesn't fit | 1.0 bp −$10 | 4.9 bp −$490 | doesn't fit |
Reya: 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.
ETH 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0447% | 43m | 2,780.3 | −0.013% | $289K | $6.9M | 8.3x | as long as short |
| RISEx ETH/USDC | −0.0085% | 1h | 2,777.2 | −0.127% | $5.8M | $12.1M | 25x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,778 | −0.097% | $5K | $2K | 50x | as long as short |
| Injective ETH/USDC PERP | −0.0041% | 1h | 2,775.7 | −0.180% | $119K | $22.5M | 52x | as long as short |
| 01 Exchange ETHUSD | −0.0032% | 1h | 2,778 | −0.097% | $169K | $1.2M | 50x | as long as short |
| Aftermath Perps ETHUSD | −0.0027% | 1h | 2,778 | −0.096% | $29K | $22K | 20x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,780 | −0.026% | $12.7M | $45.5M | 50x | as long as short |
| Phoenix ETH | 0.0000% | 1h | 2,774.2 | −0.234% | $885K | $3.7M | 25x | as long as short |
| Phemex ETHUSDT | +0.0004% | 8h | 2,780.4 | −0.012% | $270.4M | $68.5M | 150x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,781.8 | +0.041% | $22.5M | — | 200x | as long as short |
Perpl ETH
RISEx ETH/USDC
Hotstuff ETH-PERP
Injective ETH/USDC PERP
01 Exchange ETHUSD
Aftermath Perps ETHUSD
dYdX ETH-USD
Phoenix ETH
Phemex ETHUSDT
gTrade (Gains Network) ETH/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ETH-USDT | +0.0015% | 8h | 2,777.5 | −0.115% | — | $1.18B | — | as long as short |
| OKX ETH-USDT-SWAP | +0.0019% | 8h | 2,777.3 | −0.123% | $1.71B | $11.83B | 100x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0028% / S +0.0009% | 1h | 2,781.7 | +0.035% | $13.2M | — | 200x | as long as short |
| Aster ETHUSDT | +0.0039% | 8h | 2,780.3 | −0.015% | $257.0M | $989.7M | 200x | as long as short |
| Bullet ETH-USD | +0.0040% | 1h | 2,781 | +0.012% | $182K | $1.8M | 20x | as long as short |
| Nado ETH-PERP | +0.0050% | 1h | 2,780.7 | −0.001% | $14.3M | $117.8M | 50x | as long as short |
| Aevo ETH-PERP | +0.0056% | 1h | 2,774.9 | −0.207% | $5.0M | $636K | 20x | as long as short |
| MEXC ETH_USDT | +0.0061% | 8h | 2,777.5 | −0.116% | $1.62B | $2.65B | 500x | as long as short |
| Binance ETHUSDT | +0.0062% | 8h | 2,777.8 | −0.104% | $6.45B | $17.10B | 150x | as long as short |
| Bitget ETHUSDT | +0.0073% | 8h | 2,777.4 | −0.119% | $2.10B | $3.10B | 150x | as long as short |
| Gate ETH_USDT | +0.0076% | 8h | 2,777.4 | −0.119% | $3.29B | $9.57B | 200x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,778.4 | −0.084% | $115.1M | $497.7M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,780.7 | +0.001% | $25.5M | $120.9M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,780.6 | −0.003% | — | $41.5M | 500x | as long as short |
| Bybit ETHUSDT | +0.0096% | 8h | 2,777.4 | −0.118% | $2.52B | $4.59B | 150x | as long as short |
| HTX ETH-USDT | +0.0096% | 8h | 2,781.1 | +0.014% | $1.08B | $1.31B | 200x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,778.7 | −0.071% | $16.0M | $10.5M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,778.1 | −0.093% | $482K | $2.7M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,781.3 | +0.022% | $3.19B | $2.36B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,778.9 | −0.064% | $31.4M | $297.6M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,777.2 | −0.126% | $2.8M | $16.8M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,779.4 | −0.046% | $2.8M | $17.4M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,781.3 | +0.023% | $166.9M | $248.1M | 25x | as long as short |
| KuCoin ETHUSDTM | +0.0100% | 8h | 2,779 | −0.063% | $426.4M | $737.7M | 100x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,781.5 | +0.027% | $15.3M | $44.0M | 50x | as long as short |
| Variational Omni ETHshort | +0.0100% | 8h | 2,781.7 | +0.036% | $135.5M | $322.3M | — | |
| edgeX ETHUSDC | +0.0100% | 4h | 2,776.9 | −0.137% | $180.0M | $778.3M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,776.5 | −0.150% | $161.5M | $93.1M | 50x | as long as short |
| ApeX Omni ETHUSDT | +0.0100% | 1h | 2,776.6 | −0.149% | $8.7M | $32.6M | 100x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,780.3 | −0.014% | $21.5M | $57.9M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,781.2 | +0.017% | — | $1.1M | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,782.2 | +0.054% | $10.8M | $7.6M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,781.3 | +0.023% | $21K | $25K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,783.1 | +0.086% | $42.8M | $29.4M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,779.6 | −0.041% | $975K | $14.0M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,780.8 | +0.004% | $55.4M | $228.8M | 40x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,776.9 | −0.138% | $31.6M | $74.6M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,782.1 | +0.051% | $60.3M | $4.60B | 50x | as long as short |
| Hibachi ETH/USDT-P | +0.0112% | 1h | 2,782 | +0.048% | $279K | $1.5M | 20x | as long as short |
| Kalshi KXETHPERP | +0.0114% | 8h | 2,781.5 | +0.029% | $8.6M | $672.9M | 4.9x | as long as short |
| Deribit ETH-PERPETUAL | +0.0120% | 1h | 2,782.4 | +0.060% | $258.4M | $221.6M | 50x | as long as short |
| Orderly PERP_ETH_USDC | +0.0139% | 8h | 2,783.5 | +0.102% | $32.7M | $12.0M | 100x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0169% | 1h | 2,781.8 | +0.041% | $86.3M | $330.4M | 100x | as long as short |
| BloFin ETH-USDT | +0.0178% | 8h | 2,779.6 | −0.038% | $285.4M | $194.7M | 150x | as long as short |
| Reya ETHRUSDPERPlong | +0.0189% | 1h | 2,780.7 | long leg | $7.4M | $1.1M | 25x |
BingX ETH-USDT
OKX ETH-USDT-SWAP
GMX ETH/USD [ETH-USDC]
Aster ETHUSDT
Bullet ETH-USD
Nado ETH-PERP
Aevo ETH-PERP
MEXC ETH_USDT
Binance ETHUSDT
Bitget ETHUSDT
Gate ETH_USDT
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Bybit ETHUSDT
HTX ETH-USDT
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
KuCoin ETHUSDTM
Backpack ETH_USDC_PERP
edgeX ETHUSDC
GRVT ETH_USDT_Perp
ApeX Omni ETHUSDT
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
SoDEX ETH-USD
Extended ETH-USD
Coinbase International ETH-PERP-INTX
Hibachi ETH/USDT-P
Kalshi KXETHPERP
Deribit ETH-PERPETUAL
Orderly PERP_ETH_USDC
Kraken Futures PF_ETHUSD
BloFin ETH-USDT