S

Alert

Funding spread now, next payment 18:00 UTC+0.0517%/8h

paid, last 24h+0.366%paid, last 3 days+0.836%to open and closeno order book

Long on Coinbase International Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International S-PERP-INTX	0.03826	−0.1824	get 0.0228% / 1h	41m 23s	$47K	$10K	25x
Short	Variational Omni S	0.03863	−0.1307	pay 0.0654% / 4h	1h 41m	$601K	$117K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee Variational OmnibpOrdersRate

Funding earned: $108.49
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $98.49
Break-even: 0.6 days

Slippage unknown: Coinbase International: no order-book sample; Variational Omni: RFQ quote, 59 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.970%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 59 min ago	5.20 bp	doesn't fit	49.4 bp −$494	doesn't fit	doesn't fit

Coinbase International: 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.

S on 25 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_SUSD	−0.2324%	1h	$33K	$41K	10x	as long as short
Coinbase International S-PERP-INTXlong	−0.1824%	1h	$47K	$10K	25x
Variational Omni Sshort	−0.1307%	4h	$601K	$117K	—
Aster SUSDT	−0.0257%	4h	$42K	$258K	10x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0225% / S +0.0214%	1h	$1K	—	100x	as long as short
01 Exchange SUSD	−0.0128%	1h	$23K	$3K	5x	as long as short
Orderly PERP_S_USDC	−0.0102%	4h	$102K	$323K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
Hyperliquid S	−0.0099%	1h	$988K	$1.3M	5x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	$597	—	150x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit S_USDC-PERPETUAL	+0.0008%	1h	$65K	$10K	10x	as long as short
OKX S-USDT-SWAP	+0.0019%	4h	$966K	$11.8M	20x	as long as short
Bybit SUSDT	+0.0022%	4h	$5.5M	$9.0M	50x	as long as short
Injective S/USDC PERP	+0.0033%	1h	$2K	$88K	12x	as long as short
Lighter S	+0.0096%	1h	$162K	$304K	5x	as long as short
Binance SUSDT	+0.0100%	4h	$5.2M	$38.0M	75x	as long as short
Gate S_USDT	+0.0100%	4h	$316K	$368K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	$3.5M	$3.4M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	$1.8M	$3.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	$1.2M	$4.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	—	$7.0M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	$25K	$496K	50x	as long as short
Extended S-USD	+0.0104%	1h	$217K	$944K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	$271K	$260K	75x	as long as short
Backpack S_USDC_PERP	+0.0678%	1h	$117K	$242K	5x	as long as short