Funding you earn now, next payment 22:00 UTC−0.0801%/8h= −87.8% APRpaid last 24h −0.136%
Price spread now: Deribit against Variational Omni−0.014%7-day average — · 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)—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: −$24 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.7192 | 0.0079 | pay 0.0039% / 4h | 2h 40m | $1.0M | $714K | — |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.7191 | −0.0722 | pay 0.0090% / 1h | 40m 11s | $42K | $18K | 10x |
Variational Omni ETHFI
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$168.29
- Price spread: −0.014% → 0.000%
- −$1.44
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$176.73
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Deribit: no order-book sample. 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 | 3.46 bp | doesn't fit | 50.5 bp −$505 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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-PERPETUALshort | −0.0722% | 1h | 0.7191 | −0.014% | $42K | $18K | 10x | |
| Kraken Futures PF_ETHFIUSD | −0.0212% | 1h | 0.7201 | +0.127% | $280K | $131K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0149% | 4h | 0.7188 | −0.056% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0007% | 4h | 0.7180 | −0.167% | $83K | $155K | 20x | as long as short |
| Bitget ETHFIUSDT | +0.0016% | 4h | 0.7179 | −0.181% | $6.1M | $5.5M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.667% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0043% | 8h | 0.7186 | −0.091% | $6K | — | 5x | as long as short |
| Variational Omni ETHFIlong | +0.0079% | 4h | 0.7192 | long leg | $1.0M | $714K | — | |
| Lighter ETHFI | +0.0096% | 1h | 0.7190 | −0.024% | $1.1M | $889K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7184 | −0.115% | $19.5M | $7.5M | 5x | as long as short |
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Bitget ETHFIUSDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7190 | −0.023% | $183K | $247K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7185 | −0.093% | $25.4M | $35.6M | 75x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7188 | −0.056% | $18.5M | $12.4M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7187 | −0.070% | $4.9M | $12.0M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7187 | −0.070% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7187 | −0.070% | $15.5M | $3.6M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7195 | +0.041% | $1.2M | $268K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7186 | −0.084% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7197 | +0.070% | $57K | $81K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7194 | +0.027% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7187 | −0.064% | $101K | $488K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7185 | −0.098% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7268 | +1.056% | $32K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7192 | 0.000% | $1.3M | $291K | 75x | as long as short |
Aster ETHFIUSDT
Binance ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT