Funding you earn now, next payment 00:00 UTC+0.0283%/8h= +31.0% APRnext payment +$1.42 per $10,000 · paid last 24h +0.044%
Price spread now: Variational Omni against Orderly+0.058%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Variational Omni is 0.058% dearer against Orderly than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETHFI_USDC | 0.7137 | −0.0183 | get 0.0092% / 4h | 1h 25m | $16K | $1K | 10x |
| Short | Variational Omni ETHFI | 0.7141 | 0.0100 | get 0.0050% / 4h | 1h 25m | $1.0M | $755K | — |
Orderly PERP_ETHFI_USDC
Variational Omni ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Orderly. 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
- $59.47
- Price spread: +0.058% → 0.000%
- $5.76
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $59.23
- Costs to cover
- 0.060%
- Break-even
- 0.0 days
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 3 min ago | 4.20 bp | doesn't fit | 56.0 bp −$560 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0590% | 1h | 0.7137 | 0.000% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0253% | 1h | 0.7150 | +0.177% | $281K | $148K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0217% | 4h | 0.7141 | +0.056% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0183% | 4h | 0.7137 | long leg | $16K | $1K | 10x | |
| Paradex ETHFI-USD-PERP | +0.0032% | 8h | 0.7134 | −0.043% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.443% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0036% | 4h | 0.7134 | −0.042% | $15.1M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0037% | 4h | 0.7135 | −0.034% | $24.8M | $37.2M | 75x | as long as short |
| Extended ETHFI-USD | +0.0040% | 1h | 0.7134 | −0.041% | $92K | $493K | 10x | as long as short |
| Bitget ETHFIUSDT | +0.0082% | 4h | 0.7137 | 0.000% | $6.1M | $5.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Bitget ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7131 | −0.081% | $9K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7144 | +0.091% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7150 | +0.181% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7146 | +0.126% | $183K | $258K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7141 | +0.056% | $18.1M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7143 | +0.084% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7143 | +0.084% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7139 | +0.028% | $1.2M | $272K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7139 | +0.028% | — | $25.9M | — | as long as short |
| Variational Omni ETHFIshort | +0.0100% | 4h | 0.7141 | +0.058% | $1.0M | $755K | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7139 | +0.022% | $59K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7136 | −0.014% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0169% | 4h | 0.7138 | +0.014% | $1.3M | $292K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7168 | +0.434% | $31K | $7K | 50x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX