Funding you earn now, next payment 06:00 UTC−0.0246%/8h= −27.0% APRpaid last 24h −0.019%
Price spread now: Variational Omni against Polymarket Perps−0.265%7-day average −0.060% · 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)−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)+0.460%+$46 · spread now −0.265%, 7d avg −0.060%
=Together, before fees+0.440%+ Points / potential airdropVariational Omni: Active · farm board+$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.205% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.020% in total (about -2.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ETHFI-USD | 0.7046 | 0.0100 | pay 0.0013% / 1h | 11m 52s | $63K | $127K | 5x |
| Short | Variational Omni ETHFI | 0.7027 | −0.0146 | pay 0.0073% / 4h | 2h 11m | $932K | $782K | — |
Polymarket Perps ETHFI-USD
Variational Omni ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Polymarket Perps. 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
- −$51.76
- Price spread: −0.265% → −0.060%
- −$20.47
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$80.23
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 1 min ago; Variational Omni: RFQ quote, 7 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 Polymarket Perps live order book, 1 min ago | 2.98 bp | 12.9 bp −$13 | 2324.1 bp −$23.2K | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 7 min ago | 4.29 bp | doesn't fit | 42.9 bp −$429 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0459% | 1h | 0.7043 | −0.035% | $40K | $10K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0405% | 1h | 0.7061 | +0.225% | $290K | $286K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0317% | 4h | 0.7037 | −0.121% | $82K | $171K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0259% | 4h | 0.7041 | −0.064% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0175% | 4h | 0.7045 | −0.007% | $17.6M | $13.0M | 25x | as long as short |
| Variational Omni ETHFIshort | −0.0146% | 4h | 0.7027 | −0.265% | $932K | $782K | — | |
| Extended ETHFI-USD | −0.0024% | 1h | 0.7040 | −0.074% | $95K | $502K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0020% | 4h | 0.7042 | −0.050% | $24.5M | $35.8M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0018% | 4h | 0.7042 | −0.050% | $15.8M | $4.2M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0005% | 8h | 0.7041 | −0.062% | $6K | — | 5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.761% | $321 | $51K | 5.5x | as long as short |
| Aster ETHFIUSDT | +0.0066% | 4h | 0.7048 | +0.033% | $180K | $260K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.7038 | −0.105% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7047 | +0.024% | $1.1M | $831K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7048 | +0.033% | $17.1M | $8.5M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7044 | −0.021% | $5.2M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7049 | +0.050% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7045 | −0.007% | $1.2M | $230K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7043 | −0.035% | $6.1M | $5.0M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7044 | −0.021% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USDlong | +0.0100% | 1h | 0.7046 | long leg | $63K | $127K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7050 | +0.064% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0222% | 4h | 0.7039 | −0.092% | $1.2M | $242K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7052 | +0.092% | $32K | $6K | 50x | as long as short |
Injective ETHFI/USDC PERP
Aster ETHFIUSDT
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX