Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.357%
Price spread now: Bybit against Variational Omni−0.168%7-day average +0.080% · 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)+0.644%+$64 on $10k
+Price spread, last 4 days (all we have)−0.403%−$40 · spread now −0.168%, 7d avg +0.080%
=Together, before fees+0.241%+ Points / potential airdropVariational Omni: Active · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.248% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of +0.080%). If the spread goes back, that is −$25 on $10k: about 7.1 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.644% in total) that is about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni S | 0.04037 | −0.0016 | get 0.0008% / 4h | 31m 37s | $626K | $30K | — |
| Short | Bybit SUSDT | 0.04030 | 0.0100 | get 0.0050% / 4h | 31m 37s | $5.8M | $4.5M | 50x |
Variational Omni S
Bybit SUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Variational Omni. 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
- $24.29
- Price spread: −0.168% → +0.080%
- −$24.8
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$11.51
- Costs to cover
- 0.110%
- Break-even
- 10.3 days
Slippage unknown: Variational Omni: RFQ quote, 27 min ago; Bybit: live order book, 1 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 Variational Omni RFQ quote, 27 min ago | 7.31 bp | doesn't fit | 97.5 bp −$975 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.24 bp | 26.4 bp −$26 | 81.3 bp −$813 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.7792% | 1h | 0.03970 | −1.655% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2528% | 1h | 0.04038 | +0.026% | $33K | $13K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1376% | 1h | 0.03986 | −1.258% | $48K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04038 | +0.025% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04036 | −0.024% | $4 | — | 15x | as long as short |
| Variational Omni Slong | −0.0016% | 4h | 0.04037 | long leg | $626K | $30K | — | |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04040 | +0.079% | $3K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +1.566% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0063% | 4h | 0.04040 | +0.079% | $100K | $298K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04046 | +0.228% | $170K | $156K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
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 | 0.04044 | +0.169% | $1.0M | $554K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04040 | +0.076% | $44K | $131K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04037 | +0.006% | $5.5M | $13.7M | 75x | as long as short |
| Bybit SUSDTshort | +0.0100% | 4h | 0.04030 | −0.168% | $5.8M | $4.5M | 50x | |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04031 | −0.144% | $1.0M | $3.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04040 | +0.079% | $331K | $188K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04037 | +0.005% | $3.9M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04041 | +0.104% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04040 | +0.079% | $1.2M | $2.2M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04038 | +0.030% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04030 | −0.168% | $24K | $459K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04034 | −0.071% | $231K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04024 | −0.317% | $279K | $97K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0740% | 1h | 0.04044 | +0.179% | $68K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0879% | 1h | 0.04050 | +0.327% | $118K | $403K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance 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