Funding you earn now, next payment 04:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.48 per $10,000 · paid last 24h −0.009%
Price spread now: Variational Omni against BingX−0.120%7-day average +0.031% · 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)−0.003%$0 on $10k
+Price spread, last 7 days+0.125%+$13 · spread now −0.120%, 7d avg +0.031%
=Together, before fees+0.122%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.152% cheaper against BingX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ETHFI-USDC | 0.7220 | 0.0100 | pay 0.0050% / 4h | 3h 08m | — | $1.2M | — |
| Short | Variational Omni ETHFI | 0.7211 | 0.0005 | get 0.0002% / 4h | 3h 08m | $1.1M | $717K | — |
BingX ETHFI-USDC
Variational Omni ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against BingX. 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
- −$20.02
- Price spread: −0.120% → +0.031%
- −$15.16
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$45.18
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 7 min ago; Variational Omni: RFQ quote, 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 BingX live order book, 7 min ago | 2.08 bp | 18.8 bp −$19 | 93.6 bp −$936 | 528.2 bp −$52.8K | 679.9 bp −$340.0K |
| Sell Variational Omni RFQ quote, 1 min ago | 4.84 bp | doesn't fit | 43.6 bp −$436 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0718% | 4h | 0.7207 | −0.180% | $83K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0442% | 1h | 0.7223 | +0.042% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0209% | 4h | 0.7219 | −0.014% | $17K | $1K | 10x | as long as short |
| Variational Omni ETHFIshort | +0.0005% | 4h | 0.7211 | −0.120% | $1.1M | $717K | — | |
| Paradex ETHFI-USD-PERP | +0.0015% | 8h | 0.7212 | −0.106% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.277% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0086% | 4h | 0.7221 | +0.014% | $15.4M | $3.9M | 125x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7217 | −0.038% | $101K | $388K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0092% | 4h | 0.7219 | −0.014% | $25.2M | $36.4M | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7229 | +0.120% | $1.1M | $894K | 5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Extended ETHFI-USD
Binance ETHFIUSDT
Lighter ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7231 | +0.147% | $18.1M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7224 | +0.049% | $185K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7222 | +0.028% | $18.3M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7227 | +0.097% | $5.0M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7227 | +0.097% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7230 | +0.139% | $1.2M | $263K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7218 | −0.028% | $6.1M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDClong | +0.0100% | 4h | 0.7220 | long leg | — | $1.2M | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7221 | +0.021% | $71K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7222 | +0.028% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7220 | +0.004% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7245 | +0.346% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0219% | 1h | 0.7230 | +0.142% | $275K | $165K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0328% | 4h | 0.7227 | +0.097% | $1.3M | $270K | 75x | as long as short |
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT