Funding you earn now, next payment 02:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h −0.005%
Price spread now: Variational Omni against QFEX+0.041%47s7-day average +0.054% · 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)−0.008%−$1 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now +0.041%, 7d avg +0.054%
=Together, before fees−0.052%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 47 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 | QFEX COIN-USD | 197.89 | 0.0028 | pay 0.0003% / 1h | 2m 44s | $1.3M | $3.6M | 10x |
| Short | Variational Omni COIN | 197.97 | 0 | get 0.0000% / 8h | 6h 02m | $819K | $906K | — |
QFEX COIN-USD
Variational Omni COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against QFEX. 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
- −$5.8
- Price spread: +0.041% → +0.054%
- −$1.31
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$17.11
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 5 min ago; Variational Omni: RFQ quote, 16 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 QFEX live order book, 5 min ago | 1.52 bp | 6.5 bp −$7 | 7.2 bp −$72 | 18.4 bp −$1,838 | doesn't fit |
| Sell Variational Omni RFQ quote, 16 min ago | 2.86 bp | doesn't fit | 31.2 bp −$312 | doesn't fit | doesn't fit |
COIN on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0645% | 8h | 198.02 | +0.066% | $6.4M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.93 | +0.020% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0121% | 8h | 197.93 | +0.020% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0075% | 1h | 197.43 | −0.232% | — | $290K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.06 | +0.088% | $366K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.86 | −0.016% | $119K | $697K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.92 | +0.015% | $15.2M | $78.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.93 | +0.020% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.93 | +0.020% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 197.97 | +0.041% | $819K | $906K | — |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.02 | +0.067% | $20K | $2.1M | 10x | as long as short |
| QFEX COIN-USDlong | +0.0028% | 1h | 197.89 | long leg | $1.3M | $3.6M | 10x | |
| Lighter COIN | +0.0032% | 1h | 197.87 | −0.011% | $368K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.86 | −0.015% | $450K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.04 | +0.076% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.82 | −0.035% | $15.8M | $13.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.84 | −0.025% | $124K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.94 | +0.025% | $89 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.77 | −0.061% | $354K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.86 | −0.015% | $996K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.99 | +0.051% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.96 | +0.035% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.97 | +0.040% | $117 | — | 10x | as long as short |
| edgeX COINUSDC | +0.0141% | 4h | 197.92 | +0.017% | $51K | $295K | 10x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 197.87 | −0.010% | $5K | $251K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus 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
edgeX COINUSDC
Phoenix COIN