Funding you earn now, next payment 12:00 UTC−0.0359%/8h= −39.3% APRnext payment −$1.80 per $10,000 · paid last 24h −0.016%
Price spread now: Variational Omni against OKX+0.198%7-day average +0.015% · 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)−0.016%−$2 on $10k
+Price spread, last 7 days−0.224%−$22 · spread now +0.198%, 7d avg +0.015%
=Together, before fees−0.241%+ Points / potential airdropVariational Omni: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.184% dearer against OKX than usual: you sell high and buy low (spread +0.198% now, against its 7-day average of +0.015%): +$18 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 4 days (−0.016% in total) that is about 42 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.016% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.80 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ETHFI-USDT-SWAP | 0.6929 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $5.1M | $12.0M | 20x |
| Short | Variational Omni ETHFI | 0.6943 | −0.0259 | pay 0.0130% / 4h | 1h 31m | $905K | $719K | — |
OKX ETHFI-USDT-SWAP
Variational Omni ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against OKX. 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
- −$75.44
- Price spread: +0.198% → +0.015%
- $18.36
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$67.09
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 5 min ago; Variational Omni: RFQ quote, 16 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 OKX live order book, 5 min ago | 0.72 bp | 13.6 bp −$14 | 39.2 bp −$392 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 16 min ago | 4.31 bp | doesn't fit | 35.9 bp −$359 | doesn't fit | doesn't fit |
ETHFI on 24 exchanges
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 | −0.0616% | 1h | 0.6926 | −0.043% | $42K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0316% | 4h | 0.6921 | −0.115% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFIshort | −0.0259% | 4h | 0.6943 | +0.198% | $905K | $719K | — | |
| Paradex ETHFI-USD-PERP | −0.0087% | 8h | 0.6919 | −0.143% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | −0.0074% | 4h | 0.6925 | −0.058% | $17.0M | $11.8M | 25x | as long as short |
| HTX ETHFI-USDT | −0.0010% | 4h | 0.6919 | −0.144% | $83K | $139K | 20x | as long as short |
| MEXC ETHFI_USDT | −0.0002% | 4h | 0.6921 | −0.115% | $15.5M | $4.1M | 125x | as long as short |
| Binance ETHFIUSDT | −0.0002% | 4h | 0.6921 | −0.115% | $24.2M | $31.8M | 75x | as long as short |
| Extended ETHFI-USD | 0.0000% | 1h | 0.6919 | −0.146% | $110K | $495K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.488% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDT
HTX ETHFI-USDT
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERPShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ETHFI-USDT | +0.0045% | 4h | 0.6915 | −0.202% | $1.2M | $232K | 75x | as long as short |
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6925 | −0.058% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6932 | +0.046% | $1.1M | $729K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6926 | −0.039% | $16.5M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6927 | −0.032% | $177K | $162K | 10x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.6929 | long leg | $5.1M | $12.0M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6924 | −0.072% | $1.7M | $1.8M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6923 | −0.087% | $1.1M | $184K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6925 | −0.058% | $6.1M | $3.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6925 | −0.058% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6931 | +0.032% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6933 | +0.058% | $1K | $1.0M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0320% | 1h | 0.7040 | +1.602% | $32K | $5K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0578% | 1h | 0.6934 | +0.076% | $300K | $301K | 20x | as long as short |
BloFin ETHFI-USDT
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
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