Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.031%
Price spread now: dYdX against Variational Omni−0.019%7-day average +0.005% · 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)−0.105%−$11 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now −0.019%, 7d avg +0.005%
=Together, before fees−0.049%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and dYdX is 0.024% cheaper against Variational Omni than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 85,485.8 | 0.0100 | pay 0.0100% / 8h | 7h 31m | $155.9M | $543.2M | — |
| Short | dYdX BTC-USD | 85,470 | 0.0050 | get 0.0006% / 1h | 31m 09s | $16.7M | $21.0M | 50x |
Variational Omni BTC
dYdX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Variational Omni. 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
- −$10.42
- Price spread: −0.019% → +0.005%
- −$2.35
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$22.78
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; dYdX: live order book, 3 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 Variational Omni RFQ quote, 3 min ago | 0.54 bp | doesn't fit | 0.5 bp −$5 | 0.9 bp −$88 | doesn't fit |
| Sell dYdX live order book, 3 min ago | 0.47 bp | 7.3 bp −$7 | 12.1 bp −$121 | 15.8 bp −$1,581 | 18.4 bp −$9,187 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.1305% | 1h | 85,436.7 | −0.057% | $194K | $796K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,415 | −0.083% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,401.4 | −0.099% | $422.4M | $674.9M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,438 | −0.056% | $307K | $25.3M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,427.8 | −0.068% | $351K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,412.6 | −0.086% | $36.5M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0016% | 8h | 85,399.8 | −0.101% | $936.5M | $770.4M | 125x | as long as short |
| Aster BTCUSDT | +0.0033% | 8h | 85,400.3 | −0.100% | $502.4M | $1.08B | 200x | as long as short |
| dYdX BTC-USDshort | +0.0050% | 1h | 85,470 | −0.019% | $16.7M | $21.0M | 50x | |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,418.5 | −0.079% | $185.6M | $935.7M | 100x | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | +0.0075% | 1h | 85,542 | +0.066% | $2.3M | $10.4M | 40x | as long as short |
| BingX BTC-USDC | +0.0080% | 8h | 85,395.1 | −0.106% | — | $17.4M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,419.1 | −0.078% | $170.6M | $945.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,419.2 | −0.078% | $23.5M | $134.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,415 | −0.083% | $8.7M | $58.0M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,395.4 | −0.106% | $2.4M | $6.7M | 20x | as long as short |
| Nado BTC-PERP | +0.0096% | 1h | 85,411.8 | −0.087% | $24.0M | $215.7M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,398 | −0.103% | $265K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,460 | −0.030% | $5.7M | $9.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,450.4 | −0.041% | $40.5M | $604.9M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,401.6 | −0.099% | $9.39B | $24.91B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,404.7 | −0.095% | $5.09B | $9.88B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,405.8 | −0.094% | $2.61B | $12.05B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,420 | −0.077% | $3.9M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,434.2 | −0.060% | $4.7M | $97.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,499.9 | +0.016% | $701.6M | $160.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,413.2 | −0.085% | $5.50B | $9.92B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,402 | −0.098% | $5.05B | $5.75B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,400 | −0.100% | $2.97B | $5.10B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,396.1 | −0.105% | $37.6M | $193.4M | 75x | as long as short |
| Variational Omni BTClong | +0.0100% | 8h | 85,485.8 | long leg | $155.9M | $543.2M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 85,437.2 | −0.057% | $285.6M | $965.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,507.3 | +0.025% | $214.8M | $155.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,439.8 | −0.054% | $136.7M | $312.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,440 | −0.054% | $30.1M | $218.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,494.9 | +0.011% | — | $10.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,251 | −0.275% | $10.9M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,415 | −0.083% | $219K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,396.2 | −0.105% | $2.7M | $9.8M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,422.2 | −0.074% | $3.0M | $6.7M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,399 | −0.102% | $59.8M | $336.4M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,403.4 | −0.096% | $2.26B | $970.4M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,415.4 | −0.082% | $163.3M | $513.8M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,375.4 | −0.129% | $45.9M | $239.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,436 | −0.058% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,444 | −0.049% | $111.9M | $5.41B | 50x | as long as short |
| Derive BTC-PERP | +0.0123% | 1h | 85,569.1 | +0.097% | $28.9M | $52.4M | 15x | as long as short |
| Reya BTCRUSDPERP | +0.0149% | 1h | 85,398.4 | −0.102% | $6.6M | $137.4M | 40x | as long as short |
| Hyperliquid BTC | +0.0161% | 1h | 85,489 | +0.004% | $3.84B | $5.14B | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0170% | 1h | 85,447.9 | −0.044% | $829.3M | $1.65B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,413 | −0.085% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,432.8 | −0.062% | $8.9M | $42.2M | 25x | as long as short |
| Kalshi KXBTCPERP | +0.0194% | 8h | 85,447 | −0.045% | $10.7M | $736.5M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0326% | 1h | 85,476.3 | −0.011% | $81K | $260K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0352% | 1h | 85,461.6 | −0.028% | $688K | $7.6M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,433 | −0.062% | $459K | $18.1M | 6.7x | as long as short |
Phoenix BTC
BingX BTC-USDC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Nado BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Derive BTC-PERP
Reya BTCRUSDPERP
Hyperliquid BTC
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC