Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.036%
Price spread now: tradeXYZ against Variational Omni+0.025%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 4 days (all we have)+0.067%+$7 on $10k
+Price spread, last 7 days−0.058%−$6 · spread now +0.025%, 7d avg −0.066%
=Together, before fees+0.010%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.091% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.066%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COIN | 195.70 | 0 | get 0.0000% / 8h | 56m 24s | $712K | $975K | — |
| Short | tradeXYZ xyz:COIN | 195.75 | 0.0050 | get 0.0006% / 1h | 56m 24s | $15.1M | $13.2M | 10x |
Variational Omni COIN
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: +0.025% → −0.066%
- $9.08
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $1.58
- Costs to cover
- 0.180%
- Break-even
- 5.9 days
Slippage unknown: Variational Omni: RFQ quote, 38 min ago; tradeXYZ: live order book, 13 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, 38 min ago | 2.87 bp | doesn't fit | 33.0 bp −$330 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 13 min ago | 0.51 bp | 12.2 bp −$12 | 15.2 bp −$152 | 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 | −0.0518% | 8h | 196.01 | +0.158% | $6.4M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.65 | −0.026% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0071% | 1h | 195.41 | −0.149% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.82 | +0.059% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.82 | +0.063% | $104K | $862K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.86 | +0.081% | $15.0M | $82.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.81 | +0.056% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.84 | +0.071% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.84 | +0.071% | $1.2M | $7.3M | 50x | as long as short |
| Variational Omni COINlong | 0.0000% | 8h | 195.70 | long leg | $712K | $975K | — |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.79 | +0.046% | $12K | $2.8M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.76 | +0.030% | $460K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.09 | +0.199% | $15K | $54K | 5x | as long as short |
| Lighter COIN | +0.0048% | 1h | 195.73 | +0.013% | $364K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 195.75 | +0.025% | $15.1M | $13.2M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.73 | +0.015% | $130K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.83 | +0.066% | $94 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.64 | −0.031% | $448K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.85 | +0.076% | $1.3M | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.74 | +0.020% | $986K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.64 | −0.031% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.83 | +0.066% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.84 | +0.073% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.90 | +0.102% | $187K | $435K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.86 | +0.081% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0364% | 4h | 195.73 | +0.017% | $50K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
Lighter COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC