Funding you earn now, next payment 04:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.58 per $10,000 · paid last 24h −0.014%
Price spread now: Variational Omni against KuCoin−0.493%7-day average +0.034% · 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)−0.014%−$1 on $10k
+Price spread, last 7 days+0.535%+$53 · spread now −0.493%, 7d avg +0.034%
=Together, before fees+0.521%+ Points / potential airdropVariational Omni: Active · farm board+$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.527% cheaper against KuCoin than usual: you would sell low and buy high (−$53 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ETHFIUSDTM | 0.7227 | 0.0100 | pay 0.0050% / 4h | 3h 14m | $1.2M | $264K | 50x |
| Short | Variational Omni ETHFI | 0.7191 | −0.0016 | pay 0.0008% / 4h | 3h 14m | $1.0M | $717K | — |
KuCoin ETHFIUSDTM
Variational Omni ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against KuCoin. 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
- −$24.41
- Price spread: −0.493% → +0.034%
- −$52.66
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$89.07
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 6 min ago; Variational Omni: RFQ quote, 5 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 KuCoin live order book, 6 min ago | 8.35 bp | 58.3 bp −$58 | 183.6 bp −$1,836 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 4.17 bp | doesn't fit | 43.1 bp −$431 | 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 | −0.0770% | 4h | 0.7214 | −0.180% | $84K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0441% | 1h | 0.7235 | +0.111% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0206% | 4h | 0.7232 | +0.069% | $17K | $1K | 10x | as long as short |
| Variational Omni ETHFIshort | −0.0016% | 4h | 0.7191 | −0.493% | $1.0M | $717K | — | |
| Paradex ETHFI-USD-PERP | +0.0006% | 8h | 0.7216 | −0.147% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.180% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0070% | 4h | 0.7235 | +0.111% | $15.4M | $3.9M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0077% | 4h | 0.7237 | +0.138% | $25.3M | $36.5M | 75x | as long as short |
| Extended ETHFI-USD | +0.0080% | 1h | 0.7231 | +0.061% | $100K | $392K | 10x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7245 | +0.252% | $1.1M | $894K | 5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Lighter ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7235 | +0.111% | $9K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7234 | +0.091% | $18.1M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7227 | −0.006% | $185K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7241 | +0.194% | $18.3M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7243 | +0.221% | $5.0M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7233 | +0.083% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTMlong | +0.0100% | 4h | 0.7227 | long leg | $1.2M | $264K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7232 | +0.069% | $6.2M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7231 | +0.055% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7226 | −0.014% | $71K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7222 | −0.069% | $1K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | +0.138% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0218% | 1h | 0.7240 | +0.181% | $275K | $167K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0288% | 4h | 0.7206 | −0.291% | $1.3M | $273K | 75x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT