Funding you earn now, next payment 08:00 UTC−0.0196%/8h= −21.5% APRnext payment −$1.96 per $10,000 · paid last 24h +0.057%
Price spread now: Gate against Variational Omni−0.051%7-day average +0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.040%+$4 on $10k
+Price spread, last 7 days+0.100%+$10 · spread now −0.051%, 7d avg +0.013%
=Together, before fees+0.139%+ Points / potential airdropVariational Omni: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.064% cheaper against Variational Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.013%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.040% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COIN | 197.26 | 0 | get 0.0000% / 8h | 4h 48m | $683K | $938K | — |
| Short | Gate COIN_USDT | 197.16 | −0.0196 | pay 0.0196% / 8h | 4h 48m | $1.2M | $7.1M | 50x |
Variational Omni COIN
Gate COIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$41.16
- Price spread: −0.051% → +0.013%
- −$6.38
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$62.54
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Gate: live order book, 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 Variational Omni RFQ quote, 1 min ago | 2.87 bp | doesn't fit | 23.2 bp −$232 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 6.08 bp | 14.6 bp −$15 | 39.2 bp −$392 | 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 | −0.0686% | 8h | 197.25 | −0.005% | $6.2M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.30 | +0.020% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDTshort | −0.0196% | 8h | 197.16 | −0.051% | $1.2M | $7.1M | 50x | |
| Vest COIN-USD-PERP | −0.0085% | 1h | 196.65 | −0.309% | — | $277K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.33 | +0.033% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.09 | −0.085% | $119K | $696K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.14 | −0.061% | $15.0M | $78.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.16 | −0.051% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.14 | −0.061% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COINlong | 0.0000% | 8h | 197.26 | long leg | $683K | $938K | — |
Bitget COINUSDT
Injective COIN/USDC PERP
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 | 197.44 | +0.091% | $18K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 197.12 | −0.071% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.04 | −0.111% | $356K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.07 | −0.097% | $454K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.36 | +0.050% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.07 | −0.097% | $15.4M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.01 | −0.127% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.07 | −0.097% | $67 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.93 | −0.168% | $349K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.14 | −0.061% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.28 | +0.010% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.13 | −0.066% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.06 | −0.101% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.11 | −0.076% | $188K | $390K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.32 | +0.030% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0728% | 4h | 197.39 | +0.065% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
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
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC