Funding you earn now, next payment 08:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.53 per $10,000 · paid last 24h −0.011%
Price spread now: Variational Omni against MEXC+0.127%7-day average +0.063% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.011%−$1 on $10k
+Price spread, last 7 days−0.111%−$11 · spread now +0.127%, 7d avg +0.063%
=Together, before fees−0.122%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.064% dearer against MEXC than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.063%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 4 days (−0.011% in total) that is about 21 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ETHFI_USDT | 0.6927 | −0.0012 | get 0.0006% / 4h | 58m 41s | $15.7M | $4.1M | 125x |
| Short | Variational Omni ETHFI | 0.6936 | −0.0118 | pay 0.0059% / 4h | 58m 41s | $914K | $786K | — |
MEXC ETHFI_USDT
Variational Omni ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against MEXC. 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
- −$22.22
- Price spread: +0.127% → +0.063%
- $6.37
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$19.85
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 5 min ago; Variational Omni: RFQ quote, 15 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 MEXC live order book, 5 min ago | 0.72 bp | 7.6 bp −$8 | 17.1 bp −$171 | 64.5 bp −$6,447 | 177.4 bp −$88.7K |
| Sell Variational Omni RFQ quote, 15 min ago | 4.31 bp | doesn't fit | 37.4 bp −$374 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0614% | 1h | 0.6938 | +0.159% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0415% | 4h | 0.6934 | +0.101% | $82K | $168K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0282% | 4h | 0.6935 | +0.115% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFIshort | −0.0118% | 4h | 0.6936 | +0.127% | $914K | $786K | — | |
| Extended ETHFI-USD | −0.0016% | 1h | 0.6924 | −0.044% | $95K | $505K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0014% | 4h | 0.6927 | 0.000% | $24.1M | $36.1M | 75x | as long as short |
| MEXC ETHFI_USDTlong | −0.0012% | 4h | 0.6927 | long leg | $15.7M | $4.1M | 125x | |
| Paradex ETHFI-USD-PERP | −0.0011% | 8h | 0.6926 | −0.008% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.519% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDT | +0.0054% | 4h | 0.6932 | +0.072% | $17.1M | $13.1M | 25x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Extended ETHFI-USD
Binance ETHFIUSDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Bybit ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6934 | +0.096% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6933 | +0.087% | $1.1M | $828K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6934 | +0.102% | $16.6M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6938 | +0.156% | $177K | $263K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6935 | +0.115% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6938 | +0.159% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6941 | +0.202% | $1.2M | $225K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6928 | +0.014% | $6.0M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6931 | +0.058% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6942 | +0.214% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6933 | +0.087% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0226% | 4h | 0.6933 | +0.087% | $1.2M | $239K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0272% | 1h | 0.6952 | +0.361% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0823% | 1h | 0.6949 | +0.322% | $290K | $286K | 20x | as long as short |
Aevo ETHFI-PERP
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
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD