S

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1304%/8h= −142.8% APRnext payment −$6.52 per $10,000 · paid last 24h −0.331%

Price spread now: Variational Omni against MEXC−0.254%7-day average −0.164% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.593%−$59 on $10k

Price spread, last 3 days (all we have)+0.763%+$76 · spread now −0.254%, 7d avg −0.164%

Together, before fees+0.171%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and Variational Omni is 0.090% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.164%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC S_USDT	0.03933	0.0100	pay 0.0050% / 4h	2h 47m	$3.5M	$2.5M	200x
Short	Variational Omni S	0.03923	−0.1204	pay 0.0602% / 4h	2h 47m	$610K	$38K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee Variational OmnibpOrdersPrice spread, now −0.254%Rate

Funding earned: −$273.94
Price spread: −0.254% → −0.164%: −$8.98
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$286.92
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; Variational Omni: RFQ quote, 41 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 MEXC live order book, 4 min ago	1.27 bp	3.4 bp −$3	31.6 bp −$316	1217.6 bp −$121.8K	doesn't fit
Sell Variational Omni RFQ quote, 41 min ago	6.32 bp	doesn't fit	69.5 bp −$695	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	−0.1452%	1h	0.03931	−0.051%	$33K	$33K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−2.721%	$47K	$5K	25x	as long as short
Variational Omni Sshort	−0.1204%	4h	0.03923	−0.254%	$610K	$38K	—
GMX S/USD [WBTC.b-USDC]	L −0.0173% / S +0.0169%	1h	0.03938	+0.114%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03931	−0.048%	$4	—	15x	as long as short
01 Exchange SUSD	−0.0056%	1h	0.03930	−0.076%	$24K	$3K	5x	as long as short
Aster SUSDT	−0.0034%	4h	0.03937	+0.101%	$43K	$212K	10x	as long as short
Orderly PERP_S_USDC	−0.0019%	4h	0.03933	0.000%	$101K	$340K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03937	+0.099%	$607	—	150x	as long as short
Deribit S_USDC-PERPETUAL	+0.0004%	1h	0.03940	+0.178%	$66K	$10K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.246%	$2K	$37K	12x	as long as short
OKX S-USDT-SWAP	+0.0088%	4h	0.03933	0.000%	$978K	$7.8M	20x	as long as short
Lighter S	+0.0096%	1h	0.03937	+0.102%	$165K	$240K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03934	+0.033%	$992K	$928K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03933	+0.006%	$5.4M	$24.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03929	−0.102%	$5.6M	$6.6M	50x	as long as short
Gate S_USDT	+0.0100%	4h	0.03928	−0.127%	$321K	$291K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.03933	long leg	$3.5M	$2.5M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03933	0.000%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03935	+0.051%	$1.2M	$3.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03930	−0.076%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03930	−0.076%	$23K	$474K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03933	−0.009%	$221K	$883K	10x	as long as short
Backpack S_USDC_PERP	+0.0299%	1h	0.03940	+0.178%	$115K	$285K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03928	−0.127%	$274K	$179K	75x	as long as short