S

Alert

Funding spread now, next payment 15:00 UTC−0.1375%/8h

paid, last 24h−0.301%paid, last 3 days−0.773%to open and closeno order book

Long on Variational Omni Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni S	0.03978	−0.1057	get 0.0528% / 4h	56m 28s	$617K	$123K	—
Short	Coinbase International S-PERP-INTX	0.03811	−0.2432	pay 0.0304% / 1h	56m 28s	$47K	$12K	25x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Coinbase InternationalbpOrdersRate

Funding earned: −$288.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$298.84
Break-even: never at this rate

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

Price risk

price view

Price gap now: −4.195%
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 Variational Omni RFQ quote, 59 min ago	7.70 bp	doesn't fit	151.5 bp −$1,515	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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
01 Exchange SUSD	−1.1248%	1h	$23K	$3K	5x	as long as short
Coinbase International S-PERP-INTXshort	−0.2432%	1h	$47K	$12K	25x
Kraken Futures PF_SUSD	−0.2412%	1h	$34K	$48K	10x	as long as short
Variational Omni Slong	−0.1057%	4h	$617K	$123K	—
GMX S/USD [WBTC.b-USDC]	L −0.0372% / S +0.0344%	1h	$1K	—	100x	as long as short
Aster SUSDT	−0.0218%	4h	$50K	$260K	10x	as long as short
Orderly PERP_S_USDC	−0.0194%	4h	$105K	$335K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	$67K	$12K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	$616	—	150x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	$2K	$161K	12x	as long as short
Lighter S	+0.0096%	1h	$167K	$332K	5x	as long as short
Hyperliquid S	+0.0100%	1h	$1.1M	$1.5M	5x	as long as short
Binance SUSDT	+0.0100%	4h	$5.4M	$40.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	$5.7M	$9.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	$1.0M	$12.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	$335K	$399K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	$3.7M	$3.5M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	$1.9M	$3.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	$1.2M	$4.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	—	$7.0M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	$25K	$500K	50x	as long as short
Extended S-USD	+0.0104%	1h	$223K	$946K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	$288K	$260K	75x	as long as short
Backpack S_USDC_PERP	+0.0610%	1h	$116K	$211K	5x	as long as short