Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against Variational Omni+0.518%7-day average −0.017% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.006%+$1 on $10k
+Price spread, last 7 days−0.496%−$50 · spread now +0.518%, 7d avg −0.017%
=Together, before fees−0.490%+ Points / potential airdropVariational Omni: Active · farm board−$49 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.535% dearer against Variational Omni than usual: you sell high and buy low, +$53 on $10k if it goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.7091 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $1.0M | $739K | — |
| Short | Bybit ETHFIUSDT | 0.7128 | 0.0100 | get 0.0050% / 4h | 1h 56m | $18.2M | $12.8M | 25x |
Variational Omni ETHFI
Bybit ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.518% → −0.017%
- $53.5
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $42.5
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 4.24 bp | doesn't fit | 39.5 bp −$395 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.70 bp | 17.6 bp −$18 | 42.4 bp −$424 | 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 | −0.0594% | 1h | 0.7100 | +0.123% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0255% | 1h | 0.7103 | +0.171% | $279K | $145K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0182% | 4h | 0.7080 | −0.159% | $82K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0174% | 4h | 0.7099 | +0.109% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.098% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0038% | 8h | 0.7124 | +0.464% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0048% | 4h | 0.7116 | +0.349% | $6.1M | $5.7M | 75x | as long as short |
| Extended ETHFI-USD | +0.0072% | 1h | 0.7104 | +0.178% | $92K | $495K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0072% | 4h | 0.7121 | +0.420% | $15.1M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0078% | 4h | 0.7123 | +0.450% | $24.8M | $37.1M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7126 | +0.486% | $1.1M | $898K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7100 | +0.123% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7126 | +0.490% | $18.1M | $9.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7119 | +0.387% | $182K | $256K | 10x | as long as short |
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7128 | +0.518% | $18.2M | $12.8M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7125 | +0.476% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7109 | +0.250% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7118 | +0.377% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7109 | +0.250% | — | $25.9M | — | as long as short |
| Variational Omni ETHFIlong | +0.0100% | 4h | 0.7091 | long leg | $1.0M | $739K | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7102 | +0.154% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7103 | +0.166% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0295% | 4h | 0.7097 | +0.081% | $1.3M | $290K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7165 | +1.040% | $31K | $8K | 50x | as long as short |
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX