Funding you earn now, next payment 01:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h −0.029%
Price spread now: Variational Omni against Coinbase International−0.831%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 −$8 a day on $10k at the current rate, and Variational Omni is 0.831% cheaper against Coinbase International than usual: you would sell low and buy high (−$83 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 | Coinbase International W-PERP-INTX | 0.01183 | 0.0360 | pay 0.0045% / 1h | 55m 45s | $14K | $16K | 50x |
| Short | Variational Omni W | 0.01173 | 0.0100 | get 0.0050% / 4h | 2h 55m | $71K | $41K | — |
Coinbase International W-PERP-INTX
Variational Omni WFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Coinbase International. 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
- −$54.6
- Price spread: −0.831% → 0.000%
- −$83.1
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$147.7
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Variational Omni: 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Coinbase International and Variational Omni: 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.
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | 0.0000% | 1h | 0.01176 | −0.575% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.189% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01176 | −0.600% | $2.0M | $407K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01176 | −0.634% | $3.0M | $6.7M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01175 | −0.702% | $4.1M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01176 | −0.634% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01177 | −0.482% | $444K | $263K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01175 | −0.642% | $12.7M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01178 | −0.431% | $444K | $221K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01177 | −0.516% | $1.3M | $567K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01175 | −0.668% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01177 | −0.516% | $45K | $47K | 15x | as long as short |
| Variational Omni Wshort | +0.0100% | 4h | 0.01173 | −0.831% | $71K | $41K | — | |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01182 | −0.106% | $131K | $377K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01175 | −0.664% | $59K | $240K | 5x | as long as short |
| Coinbase International W-PERP-INTXlong | +0.0360% | 1h | 0.01183 | long leg | $14K | $16K | 50x | |
| Kraken Futures PF_WUSD | +0.1543% | 1h | 0.01179 | −0.325% | $146K | $181K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
GRVT W_USDT_Perp
Extended W-USD
Kraken Futures PF_WUSD