Funding you earn now, next payment 01:00 UTC−0.0661%/8h= −72.4% APRpaid last 24h −0.302%
Price spread now: Variational Omni against Reya−0.120%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 airdropReya: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Variational Omni is 0.120% cheaper against Reya than usual: you would sell low and buy high (−$12 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 | Reya SRUSDPERP | 0.03987 | −0.0101 | get 0.0013% / 1h | 17m 05s | $4 | — | 15x |
| Short | Variational Omni S | 0.03982 | −0.0762 | pay 0.0381% / 4h | 3h 17m | $619K | $31K | — |
Reya SRUSDPERP
Variational Omni SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Reya. 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
- −$138.76
- Price spread: −0.120% → 0.000%
- −$12.04
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$156.8
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 57 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 Reya no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 57 min ago | 5.10 bp | doesn't fit | 66.3 bp −$663 | doesn't fit | doesn't fit |
Reya: 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 | −0.2112% | 1h | 0.03980 | −0.179% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2027% | 1h | 0.03986 | −0.026% | $34K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1240% | 1h | 0.03959 | −0.706% | $49K | $5K | 25x | as long as short |
| Variational Omni Sshort | −0.0762% | 4h | 0.03982 | −0.120% | $619K | $31K | — | |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.03991 | +0.107% | $1K | — | 100x | as long as short |
| Reya SRUSDPERPlong | −0.0101% | 1h | 0.03987 | long leg | $4 | — | 15x | |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03991 | +0.101% | $615 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0027% | 4h | 0.03990 | +0.072% | $102K | $331K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +2.831% | $2K | $37K | 12x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03994 | +0.172% | $163K | $192K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Injective S/USDC PERP
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.03992 | +0.117% | $998K | $619K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03994 | +0.160% | $44K | $141K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03990 | +0.079% | $5.5M | $15.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03986 | −0.029% | $5.7M | $4.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03990 | +0.072% | $982K | $4.5M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03984 | −0.079% | $325K | $218K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03991 | +0.097% | $3.7M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03992 | +0.122% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03993 | +0.147% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03989 | +0.047% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03990 | +0.072% | $26K | $443K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03988 | +0.013% | $224K | $1.1M | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0143% | 1h | 0.03990 | +0.072% | $116K | $323K | 5x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0251% | 1h | 0.03995 | +0.197% | $67K | $10K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03985 | −0.054% | $269K | $126K | 75x | 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
Backpack S_USDC_PERP
Deribit S_USDC-PERPETUAL
BloFin S-USDT