Funding you earn now, next payment 04:00 UTC−0.0071%/8h= −7.7% APRpaid last 24h −0.305%
Price spread now: Variational Omni against Deribit−0.090%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 −$2 a day on $10k at the current rate, and Variational Omni is 0.090% cheaper against Deribit than usual: you would sell low and buy high (−$9 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 | Deribit S_USDC-PERPETUAL | 0.04099 | 0 | get 0.0000% / 1h | 53m 58s | $69K | $10K | 10x |
| Short | Variational Omni S | 0.04095 | −0.0071 | pay 0.0035% / 4h | 53m 58s | $634K | $31K | — |
Deribit S_USDC-PERPETUAL
Variational Omni SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Deribit. 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
- −$14.86
- Price spread: −0.090% → 0.000%
- −$8.97
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$30.83
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 5 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 5 min ago | 7.31 bp | doesn't fit | 104.8 bp −$1,048 | doesn't fit | doesn't fit |
Deribit: 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 | −1.0080% | 1h | 0.03960 | −3.391% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2496% | 1h | 0.04089 | −0.237% | $34K | $13K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1376% | 1h | 0.04022 | −1.879% | $48K | $16K | 25x | as long as short |
| ApeX Omni SUSDT | −0.0333% | 1h | 0.04090 | −0.220% | $25K | $453K | 50x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04097 | −0.039% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04091 | −0.193% | $4 | — | 15x | as long as short |
| Variational Omni Sshort | −0.0071% | 4h | 0.04095 | −0.090% | $634K | $31K | — | |
| Deribit S_USDC-PERPETUALlong | 0.0000% | 1h | 0.04099 | long leg | $69K | $10K | 10x | |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04098 | −0.030% | $3K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +0.024% | $2K | $37K | 12x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
ApeX Omni SUSDT
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Injective S/USDC PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_S_USDC | +0.0067% | 4h | 0.04093 | −0.146% | $102K | $308K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04098 | −0.024% | $172K | $153K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.04093 | −0.141% | $1.0M | $546K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04092 | −0.181% | $45K | $133K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04090 | −0.220% | $5.7M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04086 | −0.317% | $5.9M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04088 | −0.268% | $1.1M | $4.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04092 | −0.171% | $335K | $186K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04091 | −0.195% | $4.0M | $1.7M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04092 | −0.171% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04092 | −0.171% | $1.2M | $2.1M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04090 | −0.220% | — | $6.8M | — | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04091 | −0.184% | $230K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04089 | −0.244% | $283K | $99K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0382% | 1h | 0.04100 | +0.024% | $120K | $389K | 5x | as long as short |
Orderly PERP_S_USDC
Lighter S
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
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP