Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.004%
Price spread now: Arcus against Variational Omni+0.094%50s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.094% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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 | Variational Omni COIN | 201.11 | 0 | get 0.0000% / 8h | 7h 09m | $834K | $1.0M | — |
| Short | Arcus COIN-USD | 201.30 | 0.0040 | get 0.0005% / 1h | 9m 42s | $16K | $53K | 5x |
Variational Omni COIN
Arcus COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Variational Omni. 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
- $8.46
- Price spread: +0.094% → 0.000%
- $9.36
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $13.32
- Costs to cover
- 0.045%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Arcus: no order-book sample. 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 Variational Omni RFQ quote, 4 min ago | 2.86 bp | doesn't fit | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Arcus no order-book sample | — | — | — | — | — |
Arcus: 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 | 201.06 | −0.026% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.08 | −0.015% | $368K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.04 | −0.033% | $120K | $705K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.11 | −0.001% | $15.7M | $74.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.17 | +0.029% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.19 | +0.039% | $3.3M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.13 | +0.009% | $1.3M | $6.9M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.15 | +0.019% | $6.8M | $9.1M | 20x | as long as short |
| Variational Omni COINlong | 0.0000% | 8h | 201.11 | long leg | $834K | $1.0M | — | |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.33 | +0.108% | $13K | $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 | 201.14 | +0.014% | $1.4M | $3.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.03 | −0.041% | $432K | $1.5M | 10x | as long as short |
| Arcus COIN-USDshort | +0.0040% | 1h | 201.30 | +0.094% | $16K | $53K | 5x | |
| Vest COIN-USD-PERP | +0.0046% | 1h | 200.95 | −0.080% | — | $286K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.01 | −0.051% | $16.5M | $12.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.08 | −0.016% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.04 | −0.036% | $94 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.04 | −0.036% | $356K | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0072% | 1h | 201.05 | −0.033% | $373K | $1.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.24 | +0.064% | $1.0M | $120K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.22 | +0.054% | $90K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.21 | +0.049% | $582 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.09 | −0.009% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.17 | +0.029% | $199K | $342K | 20x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.42 | +0.153% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0357% | 4h | 201.33 | +0.109% | $52K | $295K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC