S

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1076%/8h= −117.8% APRnext payment −$5.38 per $10,000 · paid last 24h −0.322%

Price spread now: Variational Omni against KuCoin−0.434%7-day average −0.094% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.586%−$59 on $10k

Price spread, last 3 days (all we have)+0.816%+$82 · spread now −0.434%, 7d avg −0.094%

Together, before fees+0.231%+ Points / potential airdropVariational Omni: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Variational Omni is 0.340% cheaper against KuCoin than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.094%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSDTM	0.03921	0.0100	pay 0.0050% / 4h	18m 17s	$1.8M	$2.9M	50x
Short	Variational Omni S	0.03904	−0.0976	pay 0.0488% / 4h	18m 17s	$607K	$31K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.434%Rate

Funding earned: −$225.87
Price spread: −0.434% → −0.094%: −$34.01
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$271.87
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Variational Omni: RFQ quote, 61 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 KuCoin live order book, 4 min ago	3.84 bp	79.2 bp −$79	290.4 bp −$2,904	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 61 min ago	6.41 bp	doesn't fit	44.9 bp −$449	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−0.5832%	1h	0.03850	−1.811%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2128%	1h	0.03920	−0.037%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−2.423%	$47K	$5K	25x	as long as short
Variational Omni Sshort	−0.0976%	4h	0.03904	−0.434%	$607K	$31K	—
Deribit S_USDC-PERPETUAL	−0.0259%	1h	0.03925	+0.102%	$66K	$10K	10x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0203% / S +0.0196%	1h	0.03927	+0.161%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03918	−0.065%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03926	+0.135%	$605	—	150x	as long as short
Orderly PERP_S_USDC	+0.0030%	4h	0.03922	+0.026%	$100K	$339K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.565%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03926	+0.128%	$164K	$217K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03920	−0.038%	$982K	$678K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03930	+0.217%	$43K	$145K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03920	−0.030%	$5.4M	$17.2M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03915	−0.153%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03919	−0.051%	$980K	$4.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03918	−0.077%	$320K	$259K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03920	−0.026%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.03921	long leg	$1.8M	$2.9M	50x
Bitget SUSDT	+0.0100%	4h	0.03921	0.000%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03919	−0.051%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03920	−0.026%	$114K	$313K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03910	−0.281%	$25K	$452K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03918	−0.083%	$220K	$877K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03916	−0.128%	$267K	$125K	75x	as long as short