Funding you earn now, next payment 08:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.96 per $10,000 · paid last 24h +0.015%
Price spread now: KuCoin against Variational Omni−0.194%7-day average −0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.015%+$2 on $10k
+Price spread, last 7 days+0.152%+$15 · spread now −0.194%, 7d avg −0.033%
=Together, before fees+0.167%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.161% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.194% now, against its 7-day average of −0.033%). If the spread goes back, that is −$16 on $10k: about 2.8 days of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.015% in total) that is about 38 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.015% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.6932 | −0.0092 | get 0.0046% / 4h | 2h 38m | $947K | $722K | — |
| Short | KuCoin ETHFIUSDTM | 0.6919 | 0.0100 | get 0.0050% / 4h | 2h 38m | $1.2M | $232K | 50x |
Variational Omni ETHFI
KuCoin ETHFIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $40.24
- Price spread: −0.194% → −0.033%
- −$16.09
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $12.15
- Costs to cover
- 0.120%
- Break-even
- 4.9 days
Slippage unknown: Variational Omni: RFQ quote, 45 min ago; KuCoin: live order book, 1 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, 45 min ago | 4.27 bp | doesn't fit | 55.5 bp −$555 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 9.41 bp | 53.6 bp −$54 | 208.0 bp −$2,080 | 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 | −0.0472% | 1h | 0.6918 | −0.208% | $39K | $10K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0413% | 1h | 0.6936 | +0.047% | $277K | $263K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0401% | 4h | 0.6902 | −0.439% | $80K | $183K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0262% | 4h | 0.6915 | −0.251% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0252% | 4h | 0.6921 | −0.165% | $17.2M | $12.8M | 25x | as long as short |
| Variational Omni ETHFIlong | −0.0092% | 4h | 0.6932 | long leg | $947K | $722K | — | |
| Extended ETHFI-USD | −0.0024% | 1h | 0.6917 | −0.221% | $94K | $506K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0023% | 4h | 0.6928 | −0.064% | $24.0M | $35.6M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0020% | 4h | 0.6920 | −0.179% | $15.6M | $4.1M | 125x | as long as short |
| Aster ETHFIUSDT | −0.0009% | 4h | 0.6932 | −0.007% | $177K | $260K | 10x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Aster ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ETHFI-USD-PERP | +0.0006% | 8h | 0.6920 | −0.181% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.437% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6924 | −0.121% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6931 | −0.028% | $1.1M | $830K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6923 | −0.135% | $16.8M | $8.4M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6926 | −0.093% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6927 | −0.078% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTMshort | +0.0100% | 4h | 0.6919 | −0.194% | $1.2M | $232K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6919 | −0.194% | $6.0M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6921 | −0.165% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6908 | −0.349% | $62K | $126K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6927 | −0.078% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0218% | 4h | 0.6913 | −0.280% | $1.2M | $236K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7054 | +1.754% | $31K | $5K | 50x | as long as short |
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX