Funding you earn now, next payment 08:00 UTC−0.0770%/8h= −84.4% APRnext payment −$3.85 per $10,000 · paid last 24h 0.000%
Price spread now: Orderly against Variational Omni+0.659%7-day average — · 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)—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
The price spread pays, funding is against you. Orderly is 0.659% dearer against Variational Omni than usual: you sell high and buy low (spread +0.659% now, against zero (this spread has no 7-day history yet)): +$66 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni M | 1.3639 | 0.0870 | pay 0.0435% / 4h | 1h 31m | $91K | $50K | — |
| Short | Orderly PERP_M_USDC | 1.3729 | 0.0100 | get 0.0050% / 4h | 1h 31m | $2K | $510 | 10x |
Variational Omni M
Orderly PERP_M_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$161.77
- Price spread: +0.659% → 0.000%
- $65.9
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$101.87
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Variational Omni: no order-book sample; Orderly: no order-book sample. 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 no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Variational Omni and 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.
M on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate M_USDT | +0.0100% | 8h | 1.3718 | +0.578% | $1.9M | $912K | 10x | as long as short |
| Orderly PERP_M_USDCshort | +0.0100% | 4h | 1.3729 | +0.659% | $2K | $510 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.3749 | +0.806% | $2K | $841K | 20x | as long as short |
| Bybit MUSDT | +0.0240% | 4h | 1.3733 | +0.688% | $4.3M | $1.8M | 20x | as long as short |
| Aster MUSDT | +0.0577% | 4h | 1.3712 | +0.535% | $13K | $82K | 5x | as long as short |
| BloFin M-USDT | +0.0851% | 4h | 1.3720 | +0.593% | $347K | $455K | 10x | as long as short |
| Variational Omni Mlong | +0.0870% | 4h | 1.3639 | long leg | $91K | $50K | — | |
| Binance MUSDT | +0.0906% | 4h | 1.3727 | +0.644% | $5.4M | $3.9M | 10x | as long as short |
| MEXC M_USDT | +0.0916% | 4h | 1.3730 | +0.666% | $234K | $108K | 50x | as long as short |
| BingX M-USDT | +0.0928% | 4h | 1.3748 | +0.798% | — | $2.4M | — | as long as short |
Gate M_USDT
SunX M-USDT
Bybit MUSDT
Aster MUSDT
BloFin M-USDT
Binance MUSDT
MEXC M_USDT
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDT | +0.1000% | 4h | 1.3730 | +0.666% | $1.8M | $251K | 10x | as long as short |
| KuCoin MUSDTM | +0.2464% | 4h | 1.3595 | −0.326% | $1.4M | $3.8M | 10x | as long as short |
Bitget MUSDT
KuCoin MUSDTM