Funding you earn now, next payment 00:00 UTC−0.1057%/8h= −115.7% APRpaid last 24h −0.305%
Price spread now: Variational Omni against gTrade (Gains Network)−0.338%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 −$32 a day on $10k at the current rate, and Variational Omni is 0.338% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$34 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 | gTrade (Gains Network) S/USD | 0.03940 | L +0.0001% / S +0.0006% | pay 0.0000% / 1h | 6m 26s | $607 | — | 150x |
| Short | Variational Omni S | 0.03927 | −0.1056 | pay 0.0528% / 4h | 6m 26s | $611K | $31K | — |
gTrade (Gains Network) S/USD
Variational Omni SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against gTrade (Gains Network). 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
- −$221.93
- Price spread: −0.338% → 0.000%
- −$33.8
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$265.73
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 8 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 8 min ago | 5.10 bp | doesn't fit | 66.3 bp −$663 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 | −0.6008% | 1h | 0.03850 | −2.291% | $23K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2122% | 1h | 0.03931 | −0.241% | $33K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1336% | 1h | 0.03826 | −2.901% | $47K | $5K | 25x | as long as short |
| Variational Omni Sshort | −0.1056% | 4h | 0.03927 | −0.338% | $611K | $31K | — | |
| GMX S/USD [WBTC.b-USDC] | L −0.0205% / S +0.0197% | 1h | 0.03939 | −0.030% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03934 | −0.161% | $4 | — | 15x | as long as short |
| Deribit S_USDC-PERPETUAL | 0.0000% | 1h | 0.03939 | −0.033% | $66K | $10K | 10x | as long as short |
| gTrade (Gains Network) S/USDlong | L +0.0001% / S +0.0006% | 1h | 0.03940 | long leg | $607 | — | 150x | |
| Orderly PERP_S_USDC | +0.0026% | 4h | 0.03936 | −0.109% | $100K | $338K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.053% | $2K | $37K | 12x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Deribit S_USDC-PERPETUAL
Orderly PERP_S_USDC
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 | 0.03940 | −0.007% | $165K | $217K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03936 | −0.111% | $986K | $664K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03940 | −0.015% | $43K | $142K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03935 | −0.135% | $5.4M | $16.8M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03930 | −0.261% | $5.6M | $5.2M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03934 | −0.160% | $982K | $4.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03931 | −0.236% | $320K | $259K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03935 | −0.134% | $3.6M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03937 | −0.083% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03936 | −0.109% | $1.2M | $2.5M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03933 | −0.185% | — | $6.7M | — | as long as short |
| Backpack S_USDC_PERP | +0.0100% | 1h | 0.03940 | −0.007% | $115K | $314K | 5x | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03940 | −0.007% | $25K | $448K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03933 | −0.192% | $221K | $877K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03931 | −0.236% | $265K | $125K | 75x | as long as short |
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
Backpack S_USDC_PERP
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT