S

Alert

Funding spread now, next payment 17:00 UTC+0.1087%/8h

paid, last 24h+0.252%paid, last 3 days+0.249%to open and closeno order book

Long on Variational Omni Short on Deribit

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.249% in total (about 31.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni S	0.03891	−0.0822	get 0.0411% / 4h	3h 23m	$606K	$121K	—
Short	Deribit S_USDC-PERPETUAL	0.03888	0.0265	get 0.0033% / 1h	23m 31s	$65K	$11K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee DeribitbpOrdersRate

Funding earned: $228.24
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $221.24
Break-even: 0.2 days

Slippage unknown: Variational Omni: RFQ quote, 22 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.066%
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, 22 min ago	7.70 bp	doesn't fit	100.1 bp −$1,001	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−1.2712%	1h	$22K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.2945%	1h	$33K	$48K	10x	as long as short
Coinbase International S-PERP-INTX	−0.2448%	1h	$48K	$11K	25x	as long as short
Variational Omni Slong	−0.0822%	4h	$606K	$121K	—
GMX S/USD [WBTC.b-USDC]	L −0.0373% / S +0.0345%	1h	$1K	—	100x	as long as short
Orderly PERP_S_USDC	−0.0125%	4h	$102K	$330K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
Aster SUSDT	−0.0096%	4h	$42K	$266K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	$599	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	$2K	$120K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	$163K	$324K	5x	as long as short
Hyperliquid S	+0.0100%	1h	$1.0M	$1.5M	5x	as long as short
Binance SUSDT	+0.0100%	4h	$5.3M	$40.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	$5.6M	$9.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	$985K	$12.3M	20x	as long as short
Gate S_USDT	+0.0100%	4h	$323K	$374K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	$3.5M	$3.5M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	$1.8M	$3.8M	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
Backpack S_USDC_PERP	+0.0100%	1h	$113K	$227K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	$23K	$500K	50x	as long as short
Extended S-USD	+0.0104%	1h	$219K	$946K	10x	as long as short
Deribit S_USDC-PERPETUALshort	+0.0265%	1h	$65K	$11K	10x
BloFin S-USDT	+0.0340%	4h	$282K	$264K	75x	as long as short