Funding you earn now, next payment 02:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.019%
Price spread now: Variational Omni against Deribit−0.186%7-day average — · 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)—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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.186% cheaper against Deribit than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2228 | −0.0109 | get 0.0014% / 1h | 59m 30s | $25K | $34K | 25x |
| Short | Variational Omni ARB | 0.2224 | −0.0151 | pay 0.0151% / 8h | 5h 59m | $1.9M | $2.9M | — |
Deribit ARB_USDC-PERPETUAL
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Deribit. 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
- −$8.79
- Price spread: −0.186% → 0.000%
- −$18.58
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$34.37
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 5 min ago | 4.51 bp | doesn't fit | 27.0 bp −$270 | doesn't fit | doesn't fit |
Deribit: 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.
ARB on 35 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 ARB/USDC PERP | −0.1692% | 1h | 0.2213 | −0.660% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0217% | 1h | 0.2228 | +0.036% | $85K | $2.1M | 10x | as long as short |
| SoDEX ARB-USD | −0.0204% | 1h | 0.2227 | −0.018% | $10K | $2.4M | 5x | as long as short |
| Variational Omni ARBshort | −0.0151% | 8h | 0.2224 | −0.186% | $1.9M | $2.9M | — | |
| OKX ARB-USDT-SWAP | −0.0134% | 8h | 0.2227 | −0.040% | $22.5M | $154.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0133% | 8h | 0.2227 | −0.013% | $39.0M | $58.9M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUALlong | −0.0109% | 1h | 0.2228 | long leg | $25K | $34K | 25x | |
| 01 Exchange ARBUSD | −0.0104% | 1h | 0.2230 | +0.108% | $7K | $2K | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0070% | 8h | 0.2227 | −0.031% | $12K | $383K | 10x | as long as short |
| Gate ARB_USDT | −0.0048% | 8h | 0.2230 | +0.117% | $5.4M | $18.9M | 60x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Orderly PERP_ARB_USDC
Gate ARB_USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ARBUSDT | −0.0044% | 8h | 0.2228 | +0.013% | $56.7M | $127.6M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2231 | +0.131% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2229 | +0.050% | $353K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0004% | 8h | 0.2230 | +0.090% | $64.9M | $313.2M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2228 | +0.036% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2228 | +0.022% | $141K | $7K | 3x | as long as short |
| Phemex ARBUSDT | +0.0088% | 8h | 0.2226 | −0.076% | $5.0M | $13.0M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2230 | +0.121% | $1.2M | $6.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2229 | +0.058% | $38.8M | $51.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2230 | +0.084% | $662K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2230 | +0.115% | $43K | $179K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2229 | +0.054% | $19.7M | $15.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2228 | +0.013% | $21.3M | $35.5M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2229 | +0.063% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2223 | −0.192% | $40K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2226 | −0.083% | $482K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2222 | −0.256% | $120K | $285K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2231 | +0.148% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2225 | −0.117% | $298K | $976K | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2231 | +0.166% | $491K | $2.7M | 10x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2227 | −0.022% | $509K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2228 | +0.019% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2226 | −0.066% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0310% | 1h | 0.2229 | +0.049% | $1.1M | $4.7M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0544% | 1h | 0.2231 | +0.135% | $1.0M | $2.8M | 20x | as long as short |
Bybit ARBUSDT
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Phemex ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
RISEx ARB/USDC
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
Backpack ARB_USDC_PERP