Funding you earn now, next payment 08:00 UTC+0.0076%/8h= +8.4% APRnext payment +$0.38 per $10,000 · paid last 24h +0.269%
Price spread now: Orderly against Variational Omni+0.042%7-day average +0.153% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.447%+$45 on $10k
+Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.042%, 7d avg +0.153%
=Together, before fees+0.250%+ Points / potential airdropVariational Omni: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Orderly is 0.111% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.042% now, against its 7-day average of +0.153%). If the spread goes back, that is −$11 on $10k: about 4.8 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.447% in total) that is about 22 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni S | 0.04022 | 0.0010 | pay 0.0005% / 4h | 1h 03m | $625K | $22K | — |
| Short | Orderly PERP_S_USDC | 0.04024 | 0.0086 | get 0.0043% / 4h | 1h 03m | $100K | $591K | 10x |
Variational Omni S
Orderly PERP_S_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $16.03
- Price spread: +0.042% → +0.153%
- −$11.1
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$1.07
- Costs to cover
- 0.060%
- Break-even
- 7.5 days
Slippage unknown: Variational Omni: RFQ quote, 40 min ago; Orderly: no order-book sample. 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, 40 min ago | 8.66 bp | doesn't fit | 139.8 bp −$1,398 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.7632% | 1h | 0.03950 | −1.797% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2396% | 1h | 0.04024 | +0.043% | $35K | $16K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1120% | 1h | 0.03961 | −1.524% | $48K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04026 | +0.100% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04021 | −0.036% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04025 | +0.063% | $620 | — | 150x | as long as short |
| Variational Omni Slong | +0.0010% | 4h | 0.04022 | long leg | $625K | $22K | — | |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +1.932% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDCshort | +0.0086% | 4h | 0.04024 | +0.042% | $100K | $591K | 10x | |
| Lighter S | +0.0096% | 1h | 0.04037 | +0.366% | $172K | $139K | 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
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04033 | +0.259% | $1.0M | $579K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04032 | +0.253% | $48K | $110K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04033 | +0.276% | $5.7M | $13.6M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04029 | +0.167% | $5.7M | $4.1M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04032 | +0.241% | $1.0M | $3.7M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04024 | +0.042% | $327K | $179K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04035 | +0.316% | $4.1M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04022 | −0.007% | $1.8M | $2.8M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04032 | +0.241% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04028 | +0.142% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04040 | +0.440% | $23K | $487K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04026 | +0.101% | $232K | $396K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04029 | +0.167% | $280K | $115K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0744% | 1h | 0.04030 | +0.192% | $68K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1784% | 1h | 0.04030 | +0.192% | $117K | $426K | 5x | 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
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP