Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.131%
Price spread now: Variational Omni against Bluefin−0.130%7-day average +0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.425%+$43 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.130%, 7d avg +0.001%
=Together, before fees+0.517%+ Points / potential airdropVariational Omni: Active · farm board+$52 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.131% cheaper against Bluefin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin BTC-PERP | 85,247.1 | 0.0100 | pay 0.0013% / 1h | 17m 09s | $194K | $796K | 40x |
| Short | Variational Omni BTC | 85,136.5 | 0.0100 | get 0.0100% / 8h | 17m 09s | $156.2M | $549.1M | — |
Bluefin BTC-PERP
Variational Omni BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bluefin. 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
- $0
- Price spread: −0.130% → +0.001%
- −$13.07
- Slippage, 4 orders
- no order book: not counted
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$20.07
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Bluefin: live order book, 22 min ago; Variational Omni: RFQ quote, 2 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 Bluefin live order book, 22 min ago | 1.14 bp | 6.5 bp −$6 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 0.61 bp | doesn't fit | 0.6 bp −$6 | 1.5 bp −$149 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,226 | −0.025% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,189 | −0.068% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,211.5 | −0.042% | $421.2M | $686.1M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0014% | 8h | 85,211.4 | −0.042% | $927.0M | $778.2M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,212.2 | −0.041% | $343K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | +0.0003% | 8h | 85,213.3 | −0.040% | $509.1M | $1.09B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,210.5 | −0.043% | $36.4M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0011% | 1h | 85,231.4 | −0.018% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,239.1 | −0.009% | $185.7M | $955.4M | 100x | as long as short |
| BingX BTC-USDT | +0.0064% | 8h | 85,218.2 | −0.034% | — | $1.58B | — | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
01 Exchange BTCUSD
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Kraken Futures PF_XBTUSD
BingX BTC-USDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,222 | −0.029% | $302K | $25.4M | 52x | as long as short |
| Bybit BTCUSDT | +0.0080% | 8h | 85,210.1 | −0.043% | $5.10B | $10.03B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0084% | 1h | 85,241.3 | −0.007% | $139.6M | $312.5M | 100x | as long as short |
| Nado BTC-PERP | +0.0089% | 1h | 85,205.2 | −0.049% | $24.0M | $220.8M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,226.7 | −0.024% | $168.4M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,228.2 | −0.022% | $23.6M | $148.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,206 | −0.048% | $8.4M | $57.7M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,204.8 | −0.050% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0097% | 8h | 85,218.5 | −0.034% | $2.97B | $5.21B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,189 | −0.068% | $268K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,253.4 | +0.007% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,301 | +0.063% | $3.75B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,235.9 | −0.013% | $40.3M | $604.7M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,218.8 | −0.033% | $9.38B | $25.16B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,221.8 | −0.030% | $2.60B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,203 | −0.052% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,227.6 | −0.023% | $4.7M | $97.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,221.7 | −0.030% | $5.49B | $11.15B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,217 | −0.035% | $5.02B | $5.77B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,211.4 | −0.042% | $36.9M | $189.2M | 75x | as long as short |
| Variational Omni BTCshort | +0.0100% | 8h | 85,136.5 | −0.130% | $156.2M | $549.1M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 85,211.2 | −0.042% | $282.6M | $958.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,244.3 | −0.003% | $214.2M | $159.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,228.6 | −0.022% | $30.0M | $212.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,270.7 | +0.028% | — | $10.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,206 | −0.048% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,209 | −0.045% | $196K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,214.1 | −0.039% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERPlong | +0.0100% | 1h | 85,247.1 | long leg | $194K | $796K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 85,209.5 | −0.044% | $29.2M | $45.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,206 | −0.048% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,216 | −0.036% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,205.8 | −0.048% | $2.25B | $974.0M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,216.3 | −0.036% | $158.7M | $516.2M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,240 | −0.008% | $693.3M | $214.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,180.6 | −0.078% | $45.4M | $241.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,214.6 | −0.038% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,256 | +0.010% | $111.8M | $5.48B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0116% | 1h | 85,252 | +0.006% | $839.9M | $1.67B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0142% | 1h | 85,194.7 | −0.062% | $6.6M | $142.9M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0171% | 8h | 85,235 | −0.014% | $12.1M | $737.7M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,228.5 | −0.022% | $8.8M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0146% | 1h | 85,210.1 | −0.043% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,250.5 | +0.004% | $692K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0290% | 1h | 85,242.5 | −0.005% | $81K | $254K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,230.6 | −0.019% | $461K | $18.4M | 6.7x | as long as short |
Injective BTC/USDC PERP
Bybit BTCUSDT
ApeX Omni BTCUSDT
Nado BTC-PERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC