Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.7% APRnext payment +$0.44 per $10,000 · paid last 24h +0.009%
Price spread now: BingX against Variational Omni−0.316%7-day average −0.032% · 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)+0.003%$0 on $10k
+Price spread, last 7 days+0.299%+$30 · spread now −0.316%, 7d avg −0.032%
=Together, before fees+0.302%+ Points / potential airdropVariational Omni: Active · farm board+$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.284% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.316% now, against its 7-day average of −0.032%). If the spread goes back, that is −$28 on $10k: about 11 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.003% in total) that is about 11 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.7203 | 0.0012 | pay 0.0006% / 4h | 2h 10m | $1.1M | $717K | — |
| Short | BingX ETHFI-USDT | 0.7180 | 0.0100 | get 0.0050% / 4h | 2h 10m | — | $26.0M | — |
Variational Omni ETHFI
BingX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Variational Omni. 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
- $18.57
- Price spread: −0.316% → −0.032%
- −$28.41
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$19.84
- Costs to cover
- 0.100%
- Break-even
- 14.5 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; BingX: live order book, 14 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 Variational Omni RFQ quote, 4 min ago | 4.85 bp | doesn't fit | 46.4 bp −$464 | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 1.39 bp | 7.6 bp −$8 | 12.1 bp −$121 | 29.7 bp −$2,967 | 74.1 bp −$37.0K |
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 | −0.0446% | 1h | 0.7181 | −0.302% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0203% | 4h | 0.7179 | −0.330% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0154% | 4h | 0.7174 | −0.399% | $88K | $168K | 20x | as long as short |
| Variational Omni ETHFIlong | +0.0012% | 4h | 0.7203 | long leg | $1.1M | $717K | — | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.517% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0060% | 8h | 0.7192 | −0.155% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7190 | −0.180% | $1.1M | $887K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7187 | −0.224% | $18.1M | $8.4M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7194 | −0.118% | $184K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7175 | −0.387% | $24.9M | $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 | 0.7177 | −0.357% | $18.1M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7179 | −0.330% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7179 | −0.330% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7180 | −0.316% | $15.5M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7180 | −0.316% | $1.2M | $256K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7172 | −0.427% | $6.1M | $5.4M | 75x | as long as short |
| BingX ETHFI-USDTshort | +0.0100% | 4h | 0.7180 | −0.316% | — | $26.0M | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7205 | +0.026% | $72K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7183 | −0.274% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7177 | −0.355% | $98K | $376K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7176 | −0.366% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7253 | +0.698% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0225% | 1h | 0.7191 | −0.170% | $273K | $182K | 20x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD