Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.007%
Price spread now: Variational Omni against Ondo Perps+0.066%7-day average +0.099% · 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)−0.060%−$6 on $10k
+Price spread, last 7 days+0.286%+$29 · spread now +0.066%, 7d avg +0.099%
=Together, before fees+0.226%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.033% cheaper against Ondo Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.099%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps COIN-USD.P | 201.45 | 0.0050 | pay 0.0006% / 1h | 34m 29s | $357K | $3.3M | 10x |
| Short | Variational Omni COIN | 201.58 | 0 | get 0.0000% / 8h | 7h 34m | $838K | $1.0M | — |
Ondo Perps COIN-USD.P
Variational Omni COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Ondo Perps. 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
- −$10.58
- Price spread: +0.066% → +0.099%
- −$3.3
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$18.88
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 5 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 5 min ago | 2.85 bp | doesn't fit | 21.1 bp −$211 | doesn't fit | doesn't fit |
Ondo Perps: 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.
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 | 201.58 | +0.065% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.53 | +0.039% | $369K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.50 | +0.025% | $119K | $756K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.54 | +0.045% | $15.8M | $75.3M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.62 | +0.084% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.62 | +0.084% | $3.3M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.62 | +0.084% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.63 | +0.089% | $6.9M | $9.2M | 20x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 201.58 | +0.066% | $838K | $1.0M | — | |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.55 | +0.047% | $14K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0021% | 1h | 201.56 | +0.055% | $1.4M | $3.8M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.48 | +0.015% | $433K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.64 | +0.094% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.38 | −0.035% | — | $290K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.44 | −0.005% | $16.6M | $12.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.44 | −0.005% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.49 | +0.020% | $100 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.Plong | +0.0050% | 1h | 201.45 | long leg | $357K | $3.3M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.67 | +0.109% | $1.0M | $135K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.47 | +0.010% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.53 | +0.040% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.47 | +0.012% | $119 | — | 10x | as long as short |
| Lighter COIN | +0.0120% | 1h | 201.50 | +0.023% | $375K | $1.8M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.58 | +0.065% | $199K | $339K | 20x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.52 | +0.035% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0404% | 4h | 201.53 | +0.038% | $52K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC