Funding you earn now, next payment 16:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.72 per $10,000 · paid last 24h −0.001%
Price spread now: Variational Omni against GRVT+0.199%74s7-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)+0.009%+$1 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.199%, 7d avg −0.003%
=Together, before fees−0.042%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.201% dearer against GRVT than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of −0.003%): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.3 days. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT COIN_USDT_Perp | 195.52 | 0.0072 | pay 0.0072% / 8h | 7h 52m | $11K | $2.9M | 10x |
| Short | Variational Omni COIN | 195.91 | 0 | get 0.0000% / 8h | 7h 52m | $661K | $1.0M | — |
GRVT COIN_USDT_Perp
Variational Omni COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GRVT. 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
- −$15.12
- Price spread: +0.199% → −0.003%
- $20.14
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$3.98
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: GRVT: live order book, 1 min ago; Variational Omni: RFQ quote, 2 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 GRVT live order book, 1 min ago | 1.53 bp | 15.2 bp −$15 | 25.8 bp −$258 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 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 | −0.375% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0264% | 8h | 195.82 | +0.151% | $6.3M | $10.4M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0052% | 1h | 195.32 | −0.104% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.81 | +0.147% | $342K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.77 | +0.126% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.73 | +0.105% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.89 | +0.187% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 195.91 | +0.199% | $661K | $1.0M | — | |
| Lighter RH COIN | +0.0032% | 1h | 195.68 | +0.080% | $467K | $1.3M | 10x | as long as short |
| Lighter COIN | +0.0040% | 1h | 195.61 | +0.045% | $360K | $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 | 195.68 | +0.080% | $106K | $860K | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.87 | +0.177% | $17K | $57K | 5x | as long as short |
| Binance COINUSDT | +0.0042% | 8h | 195.83 | +0.154% | $15.0M | $81.9M | 20x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 195.89 | +0.187% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.65 | +0.064% | $15.2M | $12.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.69 | +0.085% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.68 | +0.080% | $79 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.51 | −0.007% | $444K | $2.6M | 10x | as long as short |
| GRVT COIN_USDT_Perplong | +0.0072% | 8h | 195.52 | long leg | $11K | $2.9M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.63 | +0.054% | $984K | $162K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.38 | −0.074% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.70 | +0.090% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.68 | +0.082% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0162% | 8h | 195.82 | +0.151% | $188K | $435K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.51 | −0.007% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0366% | 4h | 195.53 | +0.003% | $50K | $294K | 10x | as long as short |
Extended COIN_24_5-USD
Arcus COIN-USD
Binance COINUSDT
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC