Funding you earn now, next payment 07:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h −0.028%
Price spread now: Variational Omni against Deribit−0.040%7-day average −0.063% · 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)−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.040%, 7d avg −0.063%
=Together, before fees−0.054%+ Points / potential airdropVariational Omni: Active · farm board−$5 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 Variational Omni is 0.023% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.063%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BTC-PERPETUAL | 85,467 | 0.0034 | pay 0.0004% / 1h | 5m 13s | $853.6M | $1.64B | 50x |
| Short | Variational Omni BTC | 85,432.9 | 0.0100 | get 0.0100% / 8h | 1h 05m | $156.6M | $557.5M | — |
Deribit BTC-PERPETUAL
Variational Omni BTCFunding 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
- $13.78
- Price spread: −0.040% → −0.063%
- $2.33
- 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
- $9.11
- Costs to cover
- 0.070%
- Break-even
- 2.4 days
Slippage unknown: Deribit: 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 Deribit live order book, 4 min ago | 0.03 bp | 3.5 bp −$4 | 3.5 bp −$35 | 4.2 bp −$420 | 9.7 bp −$4,838 |
| Sell Variational Omni RFQ quote, 4 min ago | 0.52 bp | doesn't fit | 0.5 bp −$5 | 1.3 bp −$129 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0082% | 1h | 85,520 | +0.062% | $2.3M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,456 | −0.013% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0033% | 8h | 85,429.4 | −0.044% | $929.0M | $772.9M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,455 | −0.014% | $421.8M | $681.5M | 150x | as long as short |
| Aster BTCUSDT | −0.0003% | 8h | 85,429.2 | −0.044% | $512.8M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,444.2 | −0.027% | $353K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,439.3 | −0.032% | $492K | $18.3M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,475.9 | +0.010% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,445.5 | −0.025% | $36.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUALlong | +0.0034% | 1h | 85,467 | long leg | $853.6M | $1.64B | 50x |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0045% | 1h | 85,459.2 | −0.009% | $24.1M | $219.8M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,486 | +0.022% | $339K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0074% | 8h | 85,429.8 | −0.044% | — | $1.57B | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,439.7 | −0.032% | $186.0M | $951.1M | 100x | as long as short |
| Bitget BTCUSDT | +0.0092% | 8h | 85,422.5 | −0.052% | $2.97B | $5.15B | 150x | as long as short |
| Bybit BTCUSDT | +0.0093% | 8h | 85,425.6 | −0.048% | $5.14B | $9.97B | 150x | as long as short |
| SoDEX BTC-USD | +0.0095% | 1h | 85,425 | −0.049% | $59.8M | $336.6M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,439.9 | −0.032% | $169.7M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,439.6 | −0.032% | $23.6M | $148.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,460 | −0.008% | $8.4M | $57.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,447.2 | −0.023% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,425.1 | −0.049% | $5.04B | $5.78B | 500x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 85,424.1 | −0.050% | $9.42B | $24.86B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,425 | −0.049% | $245K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,509 | +0.049% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,516 | +0.057% | $3.75B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,484.2 | +0.020% | $40.4M | $603.0M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,433.9 | −0.039% | $2.60B | $12.19B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,442 | −0.029% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,435.8 | −0.037% | $5.1M | $96.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,439.2 | −0.033% | $5.55B | $11.09B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,418.8 | −0.056% | $37.4M | $182.1M | 75x | as long as short |
| Variational Omni BTCshort | +0.0100% | 8h | 85,432.9 | −0.040% | $156.6M | $557.5M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 85,406.3 | −0.071% | $279.8M | $952.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,439.5 | −0.032% | $214.5M | $163.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,439.8 | −0.032% | $139.7M | $313.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,428.5 | −0.045% | $30.1M | $207.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,497.2 | +0.035% | — | $10.2M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,440 | −0.032% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,439 | −0.033% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,431.5 | −0.042% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,468.7 | +0.002% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,451.8 | −0.018% | $30.0M | $46.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,464.8 | −0.003% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,431.8 | −0.041% | $2.26B | $962.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,442.4 | −0.029% | $157.1M | $512.1M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,413.1 | −0.063% | $689.0M | $342.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,402.2 | −0.076% | $45.2M | $240.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,470.9 | +0.005% | — | $104.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,459.8 | −0.008% | $113.0M | $5.48B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0134% | 1h | 85,429.2 | −0.044% | $6.6M | $147.7M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0150% | 1h | 85,446.9 | −0.024% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0176% | 8h | 85,483 | +0.019% | $12.0M | $739.0M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,463.5 | −0.004% | $8.8M | $42.7M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,495.5 | +0.033% | $685K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0264% | 1h | 85,484.9 | +0.021% | $79K | $242K | 20x | as long as short |
Nado BTC-PERP
Injective BTC/USDC PERP
BingX BTC-USDT
Kraken Futures PF_XBTUSD
Bitget BTCUSDT
Bybit BTCUSDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD