Funding you earn now, next payment 02:00 UTC+0.1150%/8h= +125.9% APRpaid last 24h +0.238%
Price spread now: Variational Omni against Coinbase International+1.735%7-day average — · 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)—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 for this trade now. Funding pays +$34 a day on $10k at the current rate, and Variational Omni is 1.735% dearer against Coinbase International than usual: you sell high and buy low: +$174 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International S-PERP-INTX | 0.04022 | −0.1456 | get 0.0182% / 1h | 44m 04s | $48K | $16K | 25x |
| Short | Variational Omni S | 0.04092 | −0.0306 | pay 0.0153% / 4h | 1h 44m | $634K | $30K | — |
Coinbase International S-PERP-INTX
Variational Omni SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Coinbase International. 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
- $241.47
- Price spread: +1.735% → 0.000%
- $173.51
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $404.98
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; Variational Omni: RFQ quote, 20 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 20 min ago | 9.85 bp | doesn't fit | 101.0 bp −$1,010 | doesn't fit | doesn't fit |
Coinbase International: 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −1.0720% | 1h | 0.03950 | −1.790% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.1677% | 1h | 0.04096 | +1.839% | $34K | $16K | 10x | as long as short |
| Coinbase International S-PERP-INTXlong | −0.1456% | 1h | 0.04022 | long leg | $48K | $16K | 25x | |
| Variational Omni Sshort | −0.0306% | 4h | 0.04092 | +1.735% | $634K | $30K | — | |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04101 | +1.964% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04097 | +1.860% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04101 | +1.976% | $2K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +1.939% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0066% | 4h | 0.04099 | +1.914% | $102K | $333K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04105 | +2.064% | $171K | $156K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04102 | +1.982% | $1.0M | $556K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04100 | +1.948% | $45K | $133K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04100 | +1.939% | $5.7M | $14.0M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04091 | +1.716% | $5.8M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04098 | +1.890% | $1.0M | $4.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04096 | +1.840% | $336K | $200K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04101 | +1.964% | $4.0M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04094 | +1.790% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04102 | +1.989% | $1.2M | $2.1M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04096 | +1.840% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04090 | +1.691% | $25K | $451K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04096 | +1.850% | $230K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04088 | +1.641% | $280K | $111K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0482% | 1h | 0.04104 | +2.039% | $69K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1463% | 1h | 0.04110 | +2.188% | $121K | $359K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit 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
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP