Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h −0.002%
Price spread now: OKX against Variational Omni+0.224%7-day average −0.016% · 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)−0.002%$0 on $10k
+Price spread, last 7 days−0.194%−$19 · spread now +0.224%, 7d avg −0.016%
=Together, before fees−0.196%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.240% dearer against Variational Omni than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.7029 | 0.0072 | pay 0.0036% / 4h | 4m 00s | $981K | $706K | — |
| Short | OKX ETHFI-USDT-SWAP | 0.7045 | 0.0100 | get 0.0050% / 4h | 4m 00s | $5.0M | $12.3M | 20x |
Variational Omni ETHFI
OKX ETHFI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $5.98
- Price spread: +0.224% → −0.016%
- $24.01
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $19.98
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 25 min ago; OKX: live order book, 4 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, 25 min ago | 4.95 bp | doesn't fit | 43.1 bp −$431 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.42 bp | 13.5 bp −$14 | 39.9 bp −$399 | 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 | −0.0461% | 1h | 0.7032 | +0.039% | $40K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0410% | 4h | 0.7014 | −0.217% | $87K | $168K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0235% | 4h | 0.7027 | −0.032% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0001% | 8h | 0.7020 | −0.136% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.998% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7035 | +0.078% | $263K | $209K | 20x | as long as short |
| Variational Omni ETHFIlong | +0.0072% | 4h | 0.7029 | long leg | $981K | $706K | — | |
| Lighter ETHFI | +0.0096% | 1h | 0.7041 | +0.170% | $1.1M | $883K | 5x | as long as short |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7033 | +0.052% | $95K | $381K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0099% | 4h | 0.7035 | +0.082% | $24.4M | $35.2M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Lighter ETHFI
Extended ETHFI-USD
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7040 | +0.147% | $17.4M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7041 | +0.160% | $180K | $264K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7036 | +0.096% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPshort | +0.0100% | 4h | 0.7045 | +0.224% | $5.0M | $12.3M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7036 | +0.096% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7032 | +0.039% | $15.8M | $4.1M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7032 | +0.039% | $1.2M | $232K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7033 | +0.053% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7036 | +0.096% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7038 | +0.121% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7036 | +0.096% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7026 | −0.049% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7026 | −0.047% | $1.2M | $246K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7096 | +0.949% | $31K | $6K | 50x | as long as short |
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX