Funding you earn now, next payment 08:00 UTC−0.0186%/8h= −20.4% APRnext payment −$1.86 per $10,000 · paid last 24h −0.057%
Price spread now: Variational Omni against Bybit−0.163%7-day average −0.045% · 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)−0.157%−$16 on $10k
+Price spread, last 3 days (all we have)+0.233%+$23 · spread now −0.163%, 7d avg −0.045%
=Together, before fees+0.077%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.119% cheaper against Bybit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ICPUSDT | 3.0440 | 0.0100 | pay 0.0100% / 8h | 7h 40m | $18.1M | $18.7M | 75x |
| Short | Variational Omni ICP | 3.0390 | −0.0086 | pay 0.0086% / 8h | 7h 40m | $1.1M | $111K | — |
Bybit ICPUSDT
Variational Omni ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bybit. 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
- −$39.06
- Price spread: −0.163% → −0.045%
- −$11.87
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$61.93
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 Bybit live order book, 3 min ago | 1.64 bp | 13.8 bp −$14 | 53.0 bp −$530 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.36 bp | doesn't fit | 30.3 bp −$303 | doesn't fit | doesn't fit |
ICP on 27 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 ICP_USDC-PERPETUAL | −0.0472% | 1h | 3.0440 | 0.000% | $271 | $464 | 50x | as long as short |
| Phemex ICPUSDT | −0.0240% | 8h | 3.0430 | −0.033% | $1.8M | $767K | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0121% | 1h | 3.0487 | +0.154% | $557K | $601K | 50x | as long as short |
| Variational Omni ICPshort | −0.0086% | 8h | 3.0390 | −0.163% | $1.1M | $111K | — | |
| dYdX ICP-USD | 0.0000% | 1h | 3.0450 | +0.033% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0455 | +0.048% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.546% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0489 | +0.161% | $175K | $479K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0466 | +0.086% | $301K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0437 | −0.011% | $138K | $11K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
Kraken Futures PF_ICPUSD
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0440 | 0.000% | $30.3M | $52.6M | 75x | as long as short |
| Bybit ICPUSDTlong | +0.0100% | 8h | 3.0440 | long leg | $18.1M | $18.7M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0450 | +0.033% | $6.2M | $17.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0460 | +0.066% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0430 | −0.033% | $19.4M | $9.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0430 | −0.033% | $5.2M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0460 | +0.066% | $7.2M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0450 | +0.033% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0432 | −0.027% | $24K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0459 | +0.061% | $589K | $471K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0420 | −0.066% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0420 | −0.066% | $106K | $239K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0433 | −0.024% | $22K | $118K | 10x | as long as short |
| Hyperliquid ICP | +0.0180% | 1h | 3.0491 | +0.168% | $4.8M | $5.0M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0410 | −0.099% | $1.3M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0280% | 1h | 3.0470 | +0.099% | $63K | $87K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0510% / S −0.0480% | 1h | 3.0454 | +0.045% | $38K | — | 100x | as long as short |
Binance ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]