S

Alert

Funding spread now, next payment 17:00 UTC+0.0861%/8h

paid, last 24h+0.306%paid, last 3 days+0.427%to open and closeno order book

Long on Variational Omni Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni S	0.03873	−0.0867	get 0.0434% / 4h	3h 15m	$603K	$121K	—
Short	gTrade (Gains Network) S/USD	0.03892	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	15m 07s	$600	—	150x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee gTrade (Gains Network)bpOrdersRate

Funding earned: $180.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $170.79
Break-even: 0.4 days

Slippage unknown: Variational Omni: RFQ quote, 30 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.497%
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, 30 min ago	7.70 bp	doesn't fit	100.1 bp −$1,001	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−1.0736%	1h	$23K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.2940%	1h	$33K	$48K	10x	as long as short
Coinbase International S-PERP-INTX	−0.2448%	1h	$47K	$11K	25x	as long as short
Variational Omni Slong	−0.0867%	4h	$603K	$121K	—
GMX S/USD [WBTC.b-USDC]	L −0.0375% / S +0.0347%	1h	$1K	—	100x	as long as short
Orderly PERP_S_USDC	−0.0127%	4h	$103K	$329K	10x	as long as short
Aster SUSDT	−0.0108%	4h	$42K	$263K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	$600	—	150x
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	$325K	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	$978K	$12.3M	20x	as long as short
Gate S_USDT	+0.0100%	4h	$324K	$375K	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	$1.1M	$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	$231K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	$20K	$501K	50x	as long as short
Extended S-USD	+0.0104%	1h	$219K	$947K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	$285K	$264K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0521%	1h	$65K	$11K	10x	as long as short