Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.026%
Price spread now: gTrade (Gains Network) against Variational Omni+0.014%51s7-day average +0.024% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.083%−$8 on $10k
+Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.014%, 7d avg +0.024%
=Together, before fees−0.061%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 86,596.1 | 0.0100 | pay 0.0100% / 8h | 1h 58m | $159.3M | $566.2M | — |
| Short | gTrade (Gains Network) BTC/USD | 86,608.6 | L +0.0005% / S −0.0004% | get 0.0001% / 1h | 58m 27s | $36.8M | — | 200x |
Variational Omni BTC
gTrade (Gains Network) BTC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$20.06
- Price spread: +0.014% → +0.024%
- −$0.95
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$28
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 1 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, 1 min ago | 0.66 bp | doesn't fit | 0.7 bp −$7 | 1.1 bp −$107 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,181 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0246% | 1h | 86,613.4 | +0.020% | $79K | $197K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,574 | −0.025% | $425K | $24.4M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,561 | −0.040% | $2.2M | $11.7M | 40x | as long as short |
| dYdX BTC-USD | −0.0085% | 1h | 86,591.4 | −0.005% | $17.6M | $20.6M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,546 | −0.058% | $9K | $3K | 50x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 86,548.8 | −0.055% | $505.3M | $1.16B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,577.3 | −0.022% | $360K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,619.7 | +0.027% | $926.8M | $1.47B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0004% | 8h | 86,548.2 | −0.055% | $849.8M | $709.8M | 125x | as long as short |
| gTrade (Gains Network) BTC/USDshort | L +0.0005% / S −0.0004% | 1h | 86,608.6 | +0.014% | $36.8M | — | 200x |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
Aster BTCUSDT
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0006% | 1h | 86,563 | −0.038% | $8.6M | $43.2M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,544.3 | −0.060% | $6.7M | $144.6M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,614 | +0.021% | $315K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0030% | 8h | 86,542.7 | −0.062% | — | $15.3M | — | as long as short |
| Phemex BTCUSDT | +0.0033% | 8h | 86,587.5 | −0.010% | $149.7M | $472.4M | 150x | as long as short |
| Bitget BTCUSDT | +0.0038% | 8h | 86,544.3 | −0.060% | $2.95B | $5.09B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,585.3 | −0.012% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,553.6 | −0.049% | $5.19B | $5.60B | 500x | as long as short |
| Binance BTCUSDT | +0.0059% | 8h | 86,550.4 | −0.053% | $9.42B | $24.38B | 150x | as long as short |
| Lighter BTC | +0.0080% | 1h | 86,558.1 | −0.044% | $172.0M | $995.8M | 50x | as long as short |
| Gate BTC_USDT | +0.0080% | 8h | 86,551.7 | −0.051% | $5.85B | $10.60B | 200x | as long as short |
| Bybit BTCUSDT | +0.0086% | 8h | 86,555.6 | −0.047% | $5.27B | $9.74B | 150x | as long as short |
| Nado BTC-PERP | +0.0092% | 1h | 86,561.1 | −0.040% | $21.7M | $234.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,569.9 | −0.030% | $24.1M | $151.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,551 | −0.052% | $8.5M | $52.4M | 100x | as long as short |
| OKX BTC-USDT-SWAP | +0.0099% | 8h | 86,552.9 | −0.050% | $2.55B | $12.72B | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,544 | −0.060% | $201K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,593.8 | −0.003% | $4.8M | $8.3M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,629 | +0.038% | $3.81B | $5.12B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,589.3 | −0.008% | $41.0M | $499.4M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,562 | −0.039% | $3.9M | $18.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,628.4 | +0.037% | $7.4M | $94.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,590.2 | −0.007% | $572.1M | $20.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,584.8 | −0.013% | $38.1M | $151.8M | 75x | as long as short |
| Variational Omni BTClong | +0.0100% | 8h | 86,596.1 | long leg | $159.3M | $566.2M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 86,587.2 | −0.010% | $279.6M | $942.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,592.7 | −0.004% | $217.3M | $184.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,597.4 | +0.002% | $141.6M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,563.9 | −0.037% | $30.7M | $203.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,609.9 | +0.016% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,564 | −0.037% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,584.6 | −0.013% | $192K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,597.7 | +0.002% | $2.5M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,604.3 | +0.010% | $140K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,583.2 | −0.015% | $30.0M | $61.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,564.3 | −0.037% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,586 | −0.012% | $60.5M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,570.4 | −0.030% | $2.30B | $960.4M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,535.2 | −0.070% | $46.4M | $226.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,587.3 | −0.010% | — | $98.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,628.1 | +0.037% | $131.9M | $5.82B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,603.4 | +0.008% | $187.1M | $934.0M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0152% | 1h | 86,610.5 | +0.017% | $727K | $8.1M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0179% | 8h | 86,615 | +0.022% | $9.6M | $726.9M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0179% | 8h | 86,586.2 | −0.011% | $416.7M | $655.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0210% | 1h | 86,602.4 | +0.007% | $15.0M | — | 200x | as long as short |
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Gate BTC_USDT
Bybit BTCUSDT
Nado BTC-PERP
Lighter RH BTC
Popdex BTCUSDT
OKX BTC-USDT-SWAP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
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
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]