Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.040%
Price spread now: Variational Omni against tradeXYZ+0.034%7-day average +0.066% · 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)−0.065%−$6 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now +0.034%, 7d avg +0.066%
=Together, before fees−0.038%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$4 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 0.032% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 197.58 | 0.0050 | pay 0.0006% / 1h | 1m 28s | $15.5M | $13.5M | 10x |
| Short | Variational Omni COIN | 197.65 | 0 | get 0.0000% / 8h | 5h 01m | $685K | $1.0M | — |
tradeXYZ xyz:COIN
Variational Omni COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against tradeXYZ. 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
- −$10.5
- Price spread: +0.034% → +0.066%
- −$3.24
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$31.74
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 8 min ago; Variational Omni: RFQ quote, 3 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 tradeXYZ live order book, 8 min ago | 0.76 bp | 11.6 bp −$12 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 2.86 bp | doesn't fit | 27.7 bp −$277 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0638% | 8h | 197.80 | +0.111% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.53 | −0.025% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0195% | 8h | 197.80 | +0.111% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0084% | 1h | 197.22 | −0.182% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.72 | +0.072% | $349K | $876K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.64 | +0.032% | $117K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.69 | +0.055% | $15.1M | $78.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.56 | −0.010% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.58 | 0.000% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 197.65 | +0.034% | $685K | $1.0M | — |
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 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.62 | +0.021% | $16K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.66 | +0.040% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.53 | −0.024% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.53 | −0.025% | $454K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.78 | +0.101% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 197.58 | long leg | $15.5M | $13.5M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.60 | +0.010% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.62 | +0.020% | $70 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.44 | −0.071% | $351K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.57 | −0.005% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.61 | +0.015% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.51 | −0.035% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.59 | +0.003% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.62 | +0.020% | $189K | $391K | 20x | as long as short |
| edgeX COINUSDC | +0.0149% | 4h | 197.54 | −0.018% | $51K | $295K | 10x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.63 | +0.025% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
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
edgeX COINUSDC
Phoenix COIN