Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.004%
Price spread now: Variational Omni against Arcus−0.153%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.153% cheaper against Arcus than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus COIN-USD | 195.70 | 0.0040 | pay 0.0005% / 1h | 42m 27s | $15K | $54K | 5x |
| Short | Variational Omni COIN | 195.40 | 0 | get 0.0000% / 8h | 1h 42m | $709K | $959K | — |
Arcus COIN-USD
Variational Omni COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.46
- Price spread: −0.153% → 0.000%
- −$15.29
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$28.25
- Costs to cover
- 0.045%
- Break-even
- never at this rate
Slippage unknown: Arcus: no order-book sample; Variational Omni: RFQ quote, 57 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 Arcus no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 57 min ago | 2.89 bp | doesn't fit | 24.1 bp −$241 | doesn't fit | doesn't fit |
Arcus: 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.
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0681% | 8h | 195.65 | −0.026% | $6.3M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.66 | −0.020% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0100% | 1h | 194.87 | −0.424% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0022% | 8h | 195.42 | −0.143% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.49 | −0.107% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.42 | −0.145% | $112K | $843K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.49 | −0.107% | $15.0M | $82.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.43 | −0.138% | $4.7M | $6.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.46 | −0.123% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 195.40 | −0.153% | $709K | $959K | — |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.55 | −0.077% | $16K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.36 | −0.174% | $460K | $1.5M | 10x | as long as short |
| Arcus COIN-USDlong | +0.0040% | 1h | 195.70 | long leg | $15K | $54K | 5x | |
| QFEX COIN-USD | +0.0045% | 1h | 195.45 | −0.128% | $1.3M | $3.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.37 | −0.169% | $129K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.57 | −0.066% | $79 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.39 | −0.158% | $447K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.32 | −0.194% | $984K | $137K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.49 | −0.107% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.55 | −0.077% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.58 | −0.062% | $115 | — | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0109% | 1h | 195.28 | −0.215% | $15.2M | $13.9M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.69 | −0.005% | $188K | $423K | 20x | as long as short |
| Lighter COIN | +0.0136% | 1h | 195.36 | −0.175% | $362K | $2.3M | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.36 | −0.174% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0872% | 4h | 195.49 | −0.107% | $50K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
tradeXYZ xyz:COIN
BloFin COIN-USDT
Lighter COIN
Phoenix COIN
edgeX COINUSDC