Funding you earn now, next payment 00:00 UTC−0.1036%/8h= −113.5% APRnext payment −$5.18 per $10,000 · paid last 24h −0.329%
Price spread now: Variational Omni against Bybit−0.260%7-day average −0.080% · 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)−0.586%−$59 on $10k
+Price spread, last 3 days (all we have)+0.831%+$83 · spread now −0.260%, 7d avg −0.080%
=Together, before fees+0.245%+ Points / potential airdropVariational Omni: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Variational Omni is 0.180% cheaper against Bybit than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.080%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SUSDT | 0.03931 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $5.6M | $6.3M | 50x |
| Short | Variational Omni S | 0.03921 | −0.0936 | pay 0.0468% / 4h | 2h 15m | $610K | $34K | — |
Bybit SUSDT
Variational Omni SFunding 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
- −$217.64
- Price spread: −0.260% → −0.080%
- −$17.97
- 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
- −$246.61
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 9 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, 2 min ago | 3.82 bp | 34.9 bp −$35 | 83.5 bp −$835 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 9 min ago | 8.94 bp | doesn't fit | 83.0 bp −$830 | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1451% | 1h | 0.03933 | +0.063% | $33K | $30K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1264% | 1h | 0.03826 | −2.671% | $47K | $5K | 25x | as long as short |
| Variational Omni Sshort | −0.0936% | 4h | 0.03921 | −0.260% | $610K | $34K | — | |
| GMX S/USD [WBTC.b-USDC] | L −0.0191% / S +0.0184% | 1h | 0.03940 | +0.237% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03935 | +0.097% | $4 | — | 15x | as long as short |
| Orderly PERP_S_USDC | −0.0013% | 4h | 0.03935 | +0.102% | $99K | $342K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03940 | +0.229% | $607 | — | 150x | as long as short |
| 01 Exchange SUSD | +0.0008% | 1h | 0.03930 | −0.025% | $24K | $3K | 5x | as long as short |
| Aster SUSDT | +0.0020% | 4h | 0.03940 | +0.237% | $43K | $212K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.299% | $2K | $37K | 12x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Orderly PERP_S_USDC
gTrade (Gains Network) S/USD
01 Exchange SUSD
Aster SUSDT
Injective S/USDC PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter S | +0.0096% | 1h | 0.03939 | +0.204% | $165K | $240K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03934 | +0.081% | $994K | $899K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03936 | +0.131% | $5.4M | $23.4M | 75x | as long as short |
| Bybit SUSDTlong | +0.0100% | 4h | 0.03931 | long leg | $5.6M | $6.3M | 50x | |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03934 | +0.076% | $979K | $7.3M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03932 | +0.025% | $321K | $292K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03937 | +0.153% | $3.5M | $2.6M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03932 | +0.025% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03937 | +0.153% | $1.2M | $3.0M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03934 | +0.076% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03940 | +0.229% | $25K | $471K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03934 | +0.089% | $221K | $883K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03927 | −0.102% | $267K | $159K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0342% | 1h | 0.03940 | +0.229% | $115K | $294K | 5x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0512% | 1h | 0.03941 | +0.254% | $66K | $10K | 10x | as long as short |
Lighter S
Hyperliquid S
Binance SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP
Deribit S_USDC-PERPETUAL