Funding you earn now, next payment 04:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.012%
Price spread now: Variational Omni against Gate+0.176%7-day average +0.009% · 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)−0.012%−$1 on $10k
+Price spread, last 7 days−0.194%−$19 · spread now +0.176%, 7d avg +0.009%
=Together, before fees−0.206%+ Points / potential airdropVariational Omni: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.166% dearer against Gate than usual: you sell high and buy low (spread +0.176% now, against its 7-day average of +0.009%): +$17 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.8 days. At the pace of the last 3 days (−0.012% in total) that is about 48 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ETHFI_USDT | 0.7201 | 0.0100 | pay 0.0050% / 4h | 2h 11m | $1.7M | $2.0M | 75x |
| Short | Variational Omni ETHFI | 0.7214 | 0.0029 | get 0.0015% / 4h | 2h 11m | $1.1M | $717K | — |
Gate ETHFI_USDT
Variational Omni ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Gate. 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
- −$14.89
- Price spread: +0.176% → +0.009%
- $16.64
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$13.25
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 1 min ago; Variational Omni: RFQ quote, 3 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 Gate live order book, 1 min ago | 2.08 bp | 27.8 bp −$28 | 210.4 bp −$2,104 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.85 bp | doesn't fit | 43.7 bp −$437 | doesn't fit | doesn't fit |
ETHFI on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0444% | 1h | 0.7204 | +0.042% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0203% | 4h | 0.7202 | +0.014% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0154% | 4h | 0.7200 | −0.014% | $89K | $168K | 20x | as long as short |
| Variational Omni ETHFIshort | +0.0029% | 4h | 0.7214 | +0.176% | $1.1M | $717K | — | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.542% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0059% | 8h | 0.7196 | −0.063% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7212 | +0.160% | $1.1M | $887K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7209 | +0.112% | $18.1M | $8.4M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7201 | 0.000% | $184K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7202 | +0.014% | $25.0M | $36.0M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7205 | +0.056% | $18.1M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7208 | +0.097% | $5.1M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDTlong | +0.0100% | 4h | 0.7201 | long leg | $1.7M | $2.0M | 75x | |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7201 | 0.000% | $15.6M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7200 | −0.014% | $1.2M | $256K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7201 | 0.000% | $6.2M | $5.4M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7199 | −0.028% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7218 | +0.229% | $72K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7197 | −0.056% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7199 | −0.025% | $98K | $376K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7200 | −0.014% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7253 | +0.722% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0225% | 1h | 0.7210 | +0.120% | $273K | $182K | 20x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD