Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.057%
Price spread now: Variational Omni against Bybit+0.372%7-day average −0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.372%, 7d avg −0.039%
=Together, before fees−0.411%+ Points / potential airdropVariational Omni: Active · farm board−$41 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.411% dearer against Bybit than usual: you sell high and buy low (spread +0.372% now, against its 7-day average of −0.039%): +$41 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 33 days. At the pace of the last 4 days (−0.157% in total) that is about 9.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ICPUSDT | 2.9430 | 0.0100 | pay 0.0100% / 8h | 1h 56m | $17.2M | $17.9M | 75x |
| Short | Variational Omni ICP | 2.9540 | 0.0058 | get 0.0058% / 8h | 1h 56m | $1.1M | $133K | — |
Bybit ICPUSDT
Variational Omni ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bybit. 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
- −$8.76
- Price spread: +0.372% → −0.039%
- $41.14
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $21.38
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 min ago; 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 Bybit live order book, 2 min ago | 1.69 bp | 11.9 bp −$12 | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.42 bp | doesn't fit | 21.4 bp −$214 | doesn't fit | doesn't fit |
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0314% | 1h | 2.9479 | +0.165% | $522K | $664K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0293% | 1h | 2.9471 | +0.139% | $192 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0126% | 8h | 2.9460 | +0.102% | $1.8M | $676K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9539 | +0.372% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9501 | +0.243% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.799% | $202 | $200K | 12x | as long as short |
| Variational Omni ICPshort | +0.0058% | 8h | 2.9540 | +0.372% | $1.1M | $133K | — | |
| Lighter ICP | +0.0096% | 1h | 2.9463 | +0.112% | $139K | $495K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9505 | +0.255% | $4.6M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9484 | +0.183% | $262K | $1.2M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Hyperliquid ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9528 | +0.334% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9445 | +0.050% | $28.8M | $48.9M | 75x | as long as short |
| Bybit ICPUSDTlong | +0.0100% | 8h | 2.9430 | long leg | $17.2M | $17.9M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9450 | +0.068% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9450 | +0.068% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9450 | +0.068% | $18.6M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9460 | +0.102% | $4.8M | $12.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9470 | +0.136% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9460 | +0.102% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9529 | +0.338% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9557 | +0.432% | $563K | $513K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9470 | +0.136% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9440 | +0.034% | $103K | $118K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9462 | +0.108% | $23K | $131K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9590 | +0.544% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9650 | +0.748% | $58K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0433% / S −0.0367% | 1h | 2.9494 | +0.219% | $31K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]