Funding you earn now, next payment 08:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.82 per $10,000 · paid last 24h +0.058%
Price spread now: Variational Omni against Orderly+0.011%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETHFI_USDC | 0.6935 | −0.0282 | get 0.0141% / 4h | 58m 59s | $16K | $1K | 10x |
| Short | Variational Omni ETHFI | 0.6936 | −0.0118 | pay 0.0059% / 4h | 58m 59s | $914K | $786K | — |
Orderly PERP_ETHFI_USDC
Variational Omni ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Orderly. 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
- $34.53
- Price spread: +0.011% → 0.000%
- $1.13
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $29.67
- Costs to cover
- 0.060%
- Break-even
- 1.0 days
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 15 min ago | 4.31 bp | doesn't fit | 37.4 bp −$374 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.043% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0415% | 4h | 0.6934 | −0.014% | $82K | $168K | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0282% | 4h | 0.6935 | long leg | $16K | $1K | 10x | |
| Variational Omni ETHFIshort | −0.0118% | 4h | 0.6936 | +0.011% | $914K | $786K | — | |
| Extended ETHFI-USD | −0.0016% | 1h | 0.6932 | −0.040% | $95K | $505K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0014% | 4h | 0.6928 | −0.103% | $24.1M | $36.1M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0012% | 4h | 0.6937 | +0.029% | $15.8M | $4.1M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0009% | 8h | 0.6937 | +0.028% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.398% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDT | +0.0062% | 4h | 0.6933 | −0.029% | $17.1M | $13.1M | 25x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
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 | −0.019% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6943 | +0.112% | $1.1M | $828K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6935 | +0.001% | $16.6M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6939 | +0.061% | $177K | $263K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6934 | −0.014% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6939 | +0.058% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6945 | +0.144% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6928 | −0.101% | $6.0M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6934 | −0.014% | — | $10.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6942 | +0.098% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6933 | −0.029% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0226% | 4h | 0.6933 | −0.029% | $1.2M | $239K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0272% | 1h | 0.6952 | +0.245% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0823% | 1h | 0.6949 | +0.206% | $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-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD