BR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0420%/8h= −46.0% APRnext payment −$2.10 per $10,000 · paid last 24h −0.043%

Price spread now: Variational Omni against Gate+0.143%7-day average −0.002% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 3 days (all we have)+0.167%+$17 · spread now +0.143%, 7d avg −0.002%

Together, before fees+0.148%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.145% dearer against Gate than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of −0.002%): +$15 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 3 days (−0.019% in total) that is about 25 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.019% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.10 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 BR_USDT	1.1366	0.0520	pay 0.0260% / 4h	2h 25m	$7.5M	$8.5M	20x
Short	Variational Omni BR	1.1382	0.0100	get 0.0050% / 4h	2h 25m	$275K	$327K	—

Funding 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

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee Variational OmnibpOrdersPrice spread, now +0.143%Rate

Funding earned: −$88.2
Price spread: +0.143% → −0.002%: $14.53
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: −$88.67
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; Variational Omni: RFQ quote, 63 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, 3 min ago	4.63 bp	35.4 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 63 min ago	5.78 bp	doesn't fit	407.7 bp −$4,077	doesn't fit	doesn't fit

BR on 11 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
BingX BR-USDT	+0.0080%	4h	1.1365	−0.011%	—	$6.3M	—	as long as short
Variational Omni BRshort	+0.0100%	4h	1.1382	+0.143%	$275K	$327K	—
SunX BR-USDT	+0.0100%	4h	1.1376	+0.090%	—	$681K	10x	as long as short
HTX BR-USDT	+0.0100%	4h	1.1411	+0.397%	$88K	$236K	20x	as long as short
Bybit BRUSDT	+0.0100%	4h	1.1357	−0.083%	$11.1M	$25.8M	5x	as long as short
KuCoin BRUSDTM	+0.0430%	4h	1.1365	−0.005%	$5.0M	$5.5M	30x	as long as short
Gate BR_USDTlong	+0.0520%	4h	1.1366	long leg	$7.5M	$8.5M	20x
Aster BRUSDT	+0.0619%	4h	1.1378	+0.105%	$710K	$2.6M	5x	as long as short
Bitget BRUSDT	+0.0830%	4h	1.1369	+0.023%	$8.3M	$12.7M	10x	as long as short
Binance BRUSDT	+0.1142%	4h	1.1375	+0.083%	$54.4M	$163.8M	25x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BR_USDT	+0.1152%	4h	1.1366	−0.003%	$15.7M	$7.5M	100x	as long as short