Funding you earn now, next payment 16:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.003%
Price spread now: Variational Omni against Binance+0.078%7-day average −0.003% · 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)−0.003%$0 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now +0.078%, 7d avg −0.003%
=Together, before fees−0.093%+ Points / potential airdropVariational Omni: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.081% dearer against Binance than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.003%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.5 days. At the pace of the last 4 days (−0.003% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 195.76 | 0.0042 | pay 0.0042% / 8h | 7h 52m | $14.9M | $81.9M | 20x |
| Short | Variational Omni COIN | 195.91 | 0 | get 0.0000% / 8h | 7h 52m | $661K | $1.0M | — |
Binance COINUSDT
Variational Omni COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Binance. 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
- −$8.77
- Price spread: +0.078% → −0.003%
- $8.12
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$10.65
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 5 min ago; Variational Omni: RFQ quote, 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 Binance live order book, 5 min ago | 0.25 bp | 8.8 bp −$9 | 19.5 bp −$195 | 62.9 bp −$6,294 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.86 bp | doesn't fit | 21.6 bp −$216 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 194.79 | −0.496% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0273% | 8h | 195.81 | +0.026% | $6.3M | $10.4M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0052% | 1h | 195.15 | −0.312% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.79 | +0.015% | $342K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.72 | −0.020% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.74 | −0.010% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.82 | +0.031% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 195.91 | +0.078% | $661K | $1.0M | — | |
| Lighter RH COIN | +0.0032% | 1h | 195.74 | −0.010% | $468K | $1.3M | 10x | as long as short |
| Lighter COIN | +0.0040% | 1h | 195.76 | −0.001% | $361K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Lighter RH COIN
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended COIN_24_5-USD | +0.0040% | 1h | 195.74 | −0.012% | $106K | $860K | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.78 | +0.010% | $17K | $57K | 5x | as long as short |
| Binance COINUSDTlong | +0.0042% | 8h | 195.76 | long leg | $14.9M | $81.9M | 20x | |
| QFEX COIN-USD | +0.0047% | 1h | 195.61 | −0.077% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.51 | −0.128% | $15.1M | $12.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.54 | −0.112% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.63 | −0.066% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.50 | −0.133% | $444K | $2.6M | 10x | as long as short |
| GRVT COIN_USDT_Perp | +0.0072% | 8h | 195.52 | −0.120% | $11K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.57 | −0.097% | $984K | $161K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.38 | −0.194% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.71 | −0.026% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.76 | +0.001% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0162% | 8h | 195.82 | +0.031% | $188K | $435K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.51 | −0.128% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0366% | 4h | 195.53 | −0.117% | $50K | $294K | 10x | as long as short |
Extended COIN_24_5-USD
Arcus COIN-USD
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
GRVT COIN_USDT_Perp
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC