Funding you earn now, next payment 04:00 UTC+0.0168%/8h= +18.3% APRnext payment +$0.84 per $10,000 · paid last 24h −0.011%
Price spread now: Variational Omni against Bybit−0.384%7-day average +0.018% · 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)−0.011%−$1 on $10k
+Price spread, last 7 days+0.343%+$34 · spread now −0.384%, 7d avg +0.018%
=Together, before fees+0.333%+ Points / potential airdropVariational Omni: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.402% cheaper against Bybit than usual: you would sell low and buy high (spread −0.384% now, against its 7-day average of +0.018%). If the spread goes back, that is −$40 on $10k: about 8.0 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.7196 | −0.0215 | get 0.0108% / 4h | 3h 42m | $18.2M | $13.1M | 25x |
| Short | Variational Omni ETHFI | 0.7168 | −0.0048 | pay 0.0024% / 4h | 3h 42m | $1.0M | $744K | — |
Bybit ETHFIUSDT
Variational Omni ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bybit. 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
- $35.18
- Price spread: −0.384% → +0.018%
- −$40.16
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$15.98
- Costs to cover
- 0.110%
- Break-even
- 10.2 days
Slippage unknown: Bybit: live order book, just now; 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 Bybit live order book, just now | 0.69 bp | 15.7 bp −$16 | 45.6 bp −$456 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 4.18 bp | doesn't fit | 40.4 bp −$404 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0638% | 4h | 0.7164 | −0.445% | $83K | $165K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0305% | 1h | 0.7199 | +0.042% | $41K | $14K | 10x | as long as short |
| Bybit ETHFIUSDTlong | −0.0215% | 4h | 0.7196 | long leg | $18.2M | $13.1M | 25x | |
| Orderly PERP_ETHFI_USDC | −0.0197% | 4h | 0.7198 | +0.028% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFIshort | −0.0048% | 4h | 0.7168 | −0.384% | $1.0M | $744K | — | |
| Paradex ETHFI-USD-PERP | −0.0038% | 8h | 0.7194 | −0.032% | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDT | +0.0022% | 4h | 0.7197 | +0.014% | $15.4M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0022% | 4h | 0.7193 | −0.042% | $25.1M | $37.4M | 75x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.7196 | −0.007% | $97K | $582K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.611% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7195 | −0.014% | $9K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0088% | 4h | 0.7191 | −0.069% | $1.3M | $277K | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7203 | +0.099% | $1.1M | $894K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7200 | +0.063% | $18.1M | $9.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7200 | +0.054% | $184K | $258K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7202 | +0.083% | $5.0M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7199 | +0.042% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7200 | +0.056% | $1.2M | $269K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7195 | −0.014% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7197 | +0.014% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7199 | +0.047% | $60K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7207 | +0.153% | $2K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | +0.570% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0219% | 1h | 0.7202 | +0.084% | $273K | $165K | 20x | as long as short |
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD