S

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.98 per $10,000 · paid last 24h −0.275%

Price spread now: Variational Omni against MEXC−2.292%7-day average −0.158% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.666%−$67 on $10k

Price spread, last 4 days (all we have)+3.140%+$314 · spread now −2.292%, 7d avg −0.158%

Together, before fees+2.473%+ Points / potential airdropVariational Omni: Active · farm board+$247 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 2.135% cheaper against MEXC than usual: you would sell low and buy high (−$213 if the spread goes back to its 7-day average of −0.158%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC S_USDT	0.04415	0.0100	pay 0.0050% / 4h	3h 26m	$4.6M	$2.4M	200x
Short	Variational Omni S	0.04314	−0.0096	pay 0.0048% / 4h	3h 26m	$668K	$7K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 MEXCbpFee Variational OmnibpOrdersPrice spread, now −2.292%Rate

Funding earned: −$41.26
Price spread: −2.292% → −0.158%: −$213.48
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$258.74
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Variational Omni: RFQ quote, 7 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 MEXC live order book, 5 min ago	2.32 bp	4.6 bp −$5	62.5 bp −$625	266.4 bp −$26.6K	doesn't fit
Sell Variational Omni RFQ quote, 7 min ago	6.95 bp	doesn't fit	85.7 bp −$857	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	−0.2864%	1h	0.04500	+1.925%	$27K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.2584%	1h	0.04391	−0.544%	$37K	$22K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04308	−2.424%	$53K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04382	−0.745%	$2K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04376	−0.877%	$4	—	15x	as long as short
Variational Omni Sshort	−0.0096%	4h	0.04314	−2.292%	$668K	$7K	—
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04361	−1.213%	$672	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−7.135%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0070%	4h	0.04383	−0.725%	$109K	$637K	10x	as long as short
Lighter S	+0.0096%	1h	0.04420	+0.113%	$189K	$100K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04419	+0.086%	$1.1M	$744K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04419	+0.083%	$48K	$175K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04416	+0.018%	$6.5M	$17.2M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04410	−0.113%	$6.3M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04410	−0.113%	$1.2M	$5.1M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04411	−0.091%	$375K	$231K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.04415	long leg	$4.6M	$2.4M	200x
KuCoin SUSDTM	+0.0100%	4h	0.04416	+0.023%	$2.0M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04416	+0.023%	$1.3M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04413	−0.045%	—	$6.9M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04310	−2.378%	$25K	$512K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04409	−0.131%	$244K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04412	−0.068%	$314K	$119K	75x	as long as short
Backpack S_USDC_PERP	+0.0519%	1h	0.04420	+0.113%	$104K	$474K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0890%	1h	0.04389	−0.589%	$74K	$11K	10x	as long as short