Funding you earn now, next payment 04:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.46 per $10,000 · paid last 24h +0.010%
Price spread now: MEXC against Variational Omni+0.036%7-day average −0.063% · 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)+0.010%+$1 on $10k
+Price spread, last 7 days−0.100%−$10 · spread now +0.036%, 7d avg −0.063%
=Together, before fees−0.090%+ Points / potential airdropVariational Omni: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.099% dearer against Variational Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.063%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.7179 | −0.0055 | get 0.0028% / 4h | 3h 33m | $1.0M | $734K | — |
| Short | MEXC ETHFI_USDT | 0.7182 | 0.0036 | get 0.0018% / 4h | 3h 33m | $15.4M | $3.8M | 125x |
Variational Omni ETHFI
MEXC ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $19.2
- Price spread: +0.036% → −0.063%
- $9.93
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $25.14
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, just now; MEXC: live order book, 5 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, just now | 4.18 bp | doesn't fit | 43.2 bp −$432 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.70 bp | 7.0 bp −$7 | 14.2 bp −$142 | 63.9 bp −$6,388 | 182.8 bp −$91.4K |
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 | −0.0899% | 4h | 0.7162 | −0.242% | $83K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0446% | 1h | 0.7179 | −0.005% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0199% | 4h | 0.7175 | −0.061% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFIlong | −0.0055% | 4h | 0.7179 | long leg | $1.0M | $734K | — | |
| Paradex ETHFI-USD-PERP | −0.0038% | 8h | 0.7173 | −0.095% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0008% | 4h | 0.7181 | +0.022% | $18.2M | $12.9M | 25x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.844% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDTshort | +0.0036% | 4h | 0.7182 | +0.036% | $15.4M | $3.8M | 125x | |
| Binance ETHFIUSDT | +0.0037% | 4h | 0.7181 | +0.022% | $25.1M | $37.0M | 75x | as long as short |
| Extended ETHFI-USD | +0.0040% | 1h | 0.7174 | −0.078% | $97K | $561K | 10x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDT
Injective ETHFI/USDC PERP
Binance ETHFIUSDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7175 | −0.061% | $9K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7189 | +0.138% | $1.1M | $894K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7189 | +0.128% | $18.0M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7176 | −0.042% | $183K | $258K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7188 | +0.120% | $5.0M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7181 | +0.022% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7177 | −0.033% | $1.2M | $268K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7177 | −0.033% | $6.1M | $5.6M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7177 | −0.033% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7177 | −0.033% | $71K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7185 | +0.078% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0138% | 4h | 0.7173 | −0.089% | $1.3M | $273K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | +0.802% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0220% | 1h | 0.7186 | +0.089% | $273K | $164K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD