Funding you earn now, next payment 04:00 UTC−0.0556%/8h= −60.8% APRpaid last 24h −0.232%
Price spread now: Variational Omni against Orderly−0.239%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
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Variational Omni is 0.239% cheaper against Orderly than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ORDER_USDC | 0.04064 | 0.0656 | pay 0.0328% / 4h | 31m 07s | $192K | $162K | 10x |
| Short | Variational Omni ORDER | 0.04054 | 0.0100 | get 0.0100% / 8h | 4h 31m | $10K | $2K | — |
Orderly PERP_ORDER_USDC
Variational Omni ORDERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Orderly. 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
- −$116.69
- Price spread: −0.239% → 0.000%
- −$23.89
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$146.58
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Variational Omni: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Orderly and Variational Omni: 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.
ORDER on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ORDERUSDT | +0.0100% | 4h | 0.04068 | +0.086% | $1.4M | $1.9M | 50x | as long as short |
| Bybit ORDERUSDT | +0.0100% | 8h | 0.04058 | −0.148% | $1.3M | $728K | 20x | as long as short |
| OKX ORDER-USDT-SWAP | +0.0100% | 4h | 0.04064 | 0.000% | $169K | $323K | 20x | as long as short |
| Gate ORDER_USDT | +0.0100% | 4h | 0.04058 | −0.148% | $76K | $60K | 20x | as long as short |
| MEXC ORDER_USDT | +0.0100% | 4h | 0.04063 | −0.025% | $274K | $100K | 20x | as long as short |
| KuCoin ORDERUSDTM | +0.0100% | 4h | 0.04054 | −0.246% | $226K | $87K | 30x | as long as short |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.04056 | −0.197% | $482K | $253K | 20x | as long as short |
| BingX ORDER-USDT | +0.0100% | 4h | 0.04063 | −0.025% | — | $1.3M | — | as long as short |
| Variational Omni ORDERshort | +0.0100% | 8h | 0.04054 | −0.239% | $10K | $2K | — | |
| BloFin ORDER-USDT | +0.0115% | 8h | 0.04039 | −0.615% | $65K | $7K | 16x | as long as short |
Binance ORDERUSDT
Bybit ORDERUSDT
OKX ORDER-USDT-SWAP
Gate ORDER_USDT
MEXC ORDER_USDT
KuCoin ORDERUSDTM
Bitget ORDERUSDT
BingX ORDER-USDT
BloFin ORDER-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ORDER_USDClong | +0.0656% | 4h | 0.04064 | long leg | $192K | $162K | 10x |