Funding you earn now, next payment 03:00 UTC+0.0468%/8h= +51.3% APRpaid last 24h +0.014%
Price spread now: Polymarket Perps against Variational Omni+0.567%7-day average +0.057% · 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)+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−1.087%−$109 · spread now +0.567%, 7d avg +0.057%
=Together, before fees−1.070%+ Points / potential airdropVariational Omni: Active · farm board−$107 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Polymarket Perps is 0.510% dearer against Variational Omni than usual: you sell high and buy low: +$51 more if the spread goes back to its 7-day average of +0.057%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.017% in total (about 1.8% a year). A funding rate is set anew for every payment. 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 | 0.7092 | 0.0058 | pay 0.0029% / 4h | 1h 44m | $1.0M | $731K | — |
| Short | Polymarket Perps ETHFI-USD | 0.7133 | 0.0527 | get 0.0066% / 1h | 44m 25s | $71K | $118K | 5x |
Variational Omni ETHFI
Polymarket Perps ETHFI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $98.38
- Price spread: +0.567% → +0.057%
- $51.01
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $141.4
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Polymarket Perps: live order book, 49 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, 5 min ago | 4.93 bp | doesn't fit | 41.6 bp −$416 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 49 min ago | 4.81 bp | 9.4 bp −$9 | doesn't fit | 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 | −0.0312% | 1h | 0.7111 | +0.264% | $40K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0201% | 4h | 0.7111 | +0.264% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | +0.0004% | 4h | 0.7093 | +0.010% | $87K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.083% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFIlong | +0.0058% | 4h | 0.7092 | long leg | $1.0M | $731K | — | |
| Paradex ETHFI-USD-PERP | +0.0067% | 8h | 0.7108 | +0.222% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7117 | +0.356% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7117 | +0.354% | $17.8M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7112 | +0.280% | $182K | $256K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7109 | +0.236% | $24.8M | $35.7M | 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 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7112 | +0.278% | $17.8M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7119 | +0.377% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7117 | +0.349% | $1.7M | $1.9M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7111 | +0.264% | $15.4M | $3.9M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7111 | +0.264% | $1.2M | $253K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7109 | +0.236% | $6.1M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7110 | +0.250% | — | $1.2M | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7113 | +0.292% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7106 | +0.196% | $99K | $381K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7107 | +0.210% | $8K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0307% | 1h | 0.7110 | +0.257% | $269K | $200K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7096 | +0.053% | $1.2M | $248K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7253 | +2.266% | $32K | $6K | 50x | as long as short |
| Polymarket Perps ETHFI-USDshort | +0.0527% | 1h | 0.7133 | +0.567% | $71K | $118K | 5x |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX