Funding you earn now, next payment 04:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.032%
Price spread now: OKX against Variational Omni+0.403%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. OKX is 0.403% dearer against Variational Omni than usual: you sell high and buy low (spread +0.403% now, against zero (this spread has no 7-day history yet)): +$40 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni W | 0.01173 | 0.0100 | pay 0.0050% / 4h | 2h 53m | $71K | $41K | — |
| Short | OKX W-USDT-SWAP | 0.01178 | 0.0091 | get 0.0045% / 4h | 2h 53m | $1.3M | $1.9M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$1.96
- Price spread: +0.403% → 0.000%
- $40.33
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $28.37
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: no order-book sample; OKX: live order book, 4 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 no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 4 min ago | 0.43 bp | 35.3 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
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 | +0.267% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.045% | $1K | $1K | 12x | as long as short |
| OKX W-USDT-SWAPshort | +0.0091% | 4h | 0.01178 | +0.403% | $1.3M | $1.9M | 20x | |
| Hyperliquid W | +0.0100% | 1h | 0.01178 | +0.403% | $2.0M | $401K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01178 | +0.366% | $3.0M | $6.7M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01177 | +0.344% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01175 | +0.190% | $443K | $263K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01177 | +0.352% | $12.7M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01177 | +0.318% | $444K | $221K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01178 | +0.403% | $1.3M | $567K | 50x | as long as short |
Show all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01178 | +0.403% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01178 | +0.395% | $44K | $48K | 15x | as long as short |
| Variational Omni Wlong | +0.0100% | 4h | 0.01173 | long leg | $71K | $41K | — | |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01176 | +0.233% | $123K | $384K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01177 | +0.286% | $59K | $240K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0360% | 1h | 0.01183 | +0.838% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1542% | 1h | 0.01180 | +0.567% | $146K | $181K | 20x | as long as short |
Variational Omni W
OKX W-USDT-SWAP
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDT
BingX W-USDT
Backpack W_USDC_PERP
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD