Funding you earn now, next payment 22:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h −0.015%
Price spread now: Variational Omni against Backpack−0.105%49s7-day average −0.039% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.020%−$2 on $10k
+Price spread, last 3 days (all we have)+0.278%+$28 · spread now −0.105%, 7d avg −0.039%
=Together, before fees+0.258%+ Points / potential airdropVariational Omni: Active · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.066% cheaper against Backpack than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.039%). If the spread goes back, that is −$7 on $10k: about 48 hours of funding at the current rate (+$3 a day). The two prices were read 49 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 | Backpack DOT_USDC_PERP | 1.1807 | −0.0010 | get 0.0001% / 1h | 44m 14s | $94K | $120K | 10x |
| Short | Variational Omni DOT | 1.1795 | 0.0100 | get 0.0100% / 8h | 2h 44m | $537K | $91K | — |
Backpack DOT_USDC_PERP
Variational Omni DOTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Backpack. 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
- $23.2
- Price spread: −0.105% → −0.039%
- −$6.59
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $6.61
- Costs to cover
- 0.100%
- Break-even
- 5.0 days
Slippage unknown: Backpack: live order book, 43 min ago; Variational Omni: RFQ quote, 44 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 Backpack live order book, 43 min ago | 0.42 bp | 5.7 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 44 min ago | 3.14 bp | doesn't fit | 17.0 bp −$170 | doesn't fit | doesn't fit |
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUAL | −0.1102% | 1h | 1.1820 | +0.110% | $216K | $118K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1806 | −0.006% | $255 | — | — | as long as short |
| Kraken Futures PF_DOTUSD | −0.0130% | 1h | 1.1819 | +0.098% | $4.4M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0080% | 1h | 1.1820 | +0.110% | $323 | $83K | 12x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0064% | 1h | 1.1810 | +0.025% | $189K | $1.8M | 50x | as long as short |
| OKX DOT-USDT-SWAP | −0.0044% | 8h | 1.1810 | +0.025% | $9.3M | $22.8M | 50x | as long as short |
| Backpack DOT_USDC_PERPlong | −0.0010% | 1h | 1.1807 | long leg | $94K | $120K | 10x | |
| dYdX DOT-USD | 0.0000% | 1h | 1.1813 | +0.048% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1816 | +0.079% | $3K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0038% | 8h | 1.1807 | 0.000% | $6.7M | $8.6M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
Coinbase International DOT-PERP-INTX
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC DOT_USDT | +0.0087% | 8h | 1.1810 | +0.025% | $31.7M | $34.0M | 300x | as long as short |
| Binance DOTUSDT | +0.0087% | 8h | 1.1810 | +0.023% | $43.7M | $79.7M | 75x | as long as short |
| Extended DOT-USD | +0.0088% | 1h | 1.1804 | −0.029% | $15K | $240K | 25x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1810 | +0.027% | $258K | $563K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1818 | +0.093% | $5.2M | $3.1M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1812 | +0.039% | $885K | $647K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1804 | −0.025% | $24.2M | $17.6M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1800 | −0.059% | $6.8M | $11.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1805 | −0.017% | $22.7M | $13.4M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1809 | +0.017% | — | $1.3M | — | as long as short |
| Variational Omni DOTshort | +0.0100% | 8h | 1.1795 | −0.105% | $537K | $91K | — | |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1808 | +0.008% | $34K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1808 | +0.009% | $229K | $478K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1800 | −0.059% | $8K | $27K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1826 | +0.161% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1812 | +0.042% | $245K | $206K | 75x | as long as short |
| BloFin DOT-USDT | +0.0207% | 8h | 1.1814 | +0.059% | $2.3M | $752K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0300% / S −0.1014% | 1h | 1.1814 | +0.058% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0405% | 8h | 1.1830 | +0.195% | $2.2M | $2.1M | 50x | as long as short |
MEXC DOT_USDT
Binance DOTUSDT
Extended DOT-USD
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT