Funding you earn now, next payment 00:00 UTC−0.0216%/8h= −23.6% APRnext payment −$2.16 per $10,000 · paid last 24h +0.008%
Price spread now: Variational Omni against Gate−0.349%7-day average +0.015% · 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)+0.027%+$3 on $10k
+Price spread, last 7 days+0.295%+$29 · spread now −0.349%, 7d avg +0.015%
=Together, before fees+0.322%+ Points / potential airdropVariational Omni: Active · farm board+$32 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 Variational Omni is 0.365% cheaper against Gate than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.027% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.16 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 | Gate ARB_USDT | 0.2300 | 0.0034 | pay 0.0034% / 8h | 49m 46s | $5.5M | $20.0M | 60x |
| Short | Variational Omni ARB | 0.2292 | −0.0182 | pay 0.0182% / 8h | 49m 46s | $1.9M | $2.7M | — |
Gate ARB_USDT
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Gate. 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
- −$45.29
- Price spread: −0.349% → +0.015%
- −$36.46
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$96.75
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 Gate live order book, 4 min ago | 1.97 bp | 27.1 bp −$27 | 38.3 bp −$383 | 118.5 bp −$11.9K | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 6.62 bp | doesn't fit | 15.4 bp −$154 | doesn't fit | doesn't fit |
ARB on 36 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 | −0.1785% | 1h | 0.2272 | −1.222% | $41K | $372K | 12x | as long as short |
| Variational Omni ARBshort | −0.0182% | 8h | 0.2292 | −0.349% | $1.9M | $2.7M | — | |
| Polymarket Perps ARB-USD | −0.0181% | 1h | 0.2295 | −0.239% | $80K | $2.0M | 10x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2296 | −0.157% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0155% | 8h | 0.2300 | −0.022% | $59.3M | $129.1M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0103% | 8h | 0.2299 | −0.039% | $23.2M | $162.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0101% | 8h | 0.2298 | −0.083% | $38.5M | $59.3M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2295 | −0.222% | $13K | $398K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2300 | −0.014% | $68K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2297 | −0.131% | $365K | $2.3M | 25x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
dYdX ARB-USD
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2297 | −0.135% | $26K | $32K | 25x | as long as short |
| Binance ARBUSDT | +0.0004% | 8h | 0.2300 | +0.004% | $67.2M | $314.5M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2296 | −0.162% | $57K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0016% | 8h | 0.2296 | −0.157% | $3.1M | $2.8M | 75x | as long as short |
| SoDEX ARB-USD | +0.0017% | 1h | 0.2296 | −0.165% | $4K | $2.6M | 5x | as long as short |
| Gate ARB_USDTlong | +0.0034% | 8h | 0.2300 | long leg | $5.5M | $20.0M | 60x | |
| BingX ARB-USDC | +0.0067% | 8h | 0.2298 | −0.096% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0068% | 8h | 0.2299 | −0.048% | $21.8M | $36.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2297 | −0.135% | $150K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2300 | 0.000% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2303 | +0.148% | $41.8M | $47.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2299 | −0.064% | $715K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2299 | −0.048% | $47K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2300 | −0.004% | $20.0M | $16.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2269 | −1.350% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2270 | −1.309% | $493K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2284 | −0.700% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2300 | −0.004% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2296 | −0.183% | $294K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2296 | −0.178% | $5.3M | $13.3M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2301 | +0.039% | $517K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0233% | 1h | 0.2298 | −0.102% | $1.2M | $4.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2296 | −0.159% | $860K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2294 | −0.247% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2299 | −0.048% | $506K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0593% | 1h | 0.2300 | −0.004% | $908K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
SoDEX ARB-USD
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP