Funding you earn now, next payment 16:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.46 per $10,000 · paid last 24h −0.003%
Price spread now: Variational Omni against Binance−0.362%7-day average −0.004% · 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)−0.006%−$1 on $10k
+Price spread, last 7 days+0.351%+$35 · spread now −0.362%, 7d avg −0.004%
=Together, before fees+0.345%+ Points / potential airdropVariational Omni: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.358% cheaper against Binance than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 197.54 | 0.0046 | pay 0.0046% / 8h | 7h 17m | $14.9M | $80.8M | 20x |
| Short | Variational Omni COIN | 196.82 | 0 | get 0.0000% / 8h | 7h 17m | $662K | $980K | — |
Binance COINUSDT
Variational Omni COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Binance. 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
- −$9.77
- Price spread: −0.362% → −0.004%
- −$35.78
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$55.54
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 10 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 Binance live order book, 10 min ago | 0.26 bp | 8.6 bp −$9 | 19.0 bp −$190 | 71.2 bp −$7,119 | doesn't fit |
| Sell Variational Omni RFQ quote, 7 min ago | 3.39 bp | doesn't fit | 28.6 bp −$286 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.20 | −0.676% | $51K | $198K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0063% | 1h | 197.15 | −0.195% | — | $319K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.31 | −0.116% | $344K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.53 | −0.003% | $4.6M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.62 | +0.043% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.48 | −0.028% | $1.2M | $6.9M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.66 | +0.063% | $6.5M | $10.0M | 20x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 196.82 | −0.362% | $662K | $980K | — | |
| GRVT COIN_USDT_Perp | +0.0027% | 8h | 196.93 | −0.307% | $13K | $3.0M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.46 | −0.040% | $367K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
GRVT COIN_USDT_Perp
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COIN | +0.0032% | 1h | 197.44 | −0.048% | $476K | $1.4M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0040% | 1h | 197.48 | −0.028% | $105K | $859K | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.61 | +0.038% | $17K | $43K | 5x | as long as short |
| Binance COINUSDTlong | +0.0046% | 8h | 197.54 | long leg | $14.9M | $80.8M | 20x | |
| QFEX COIN-USD | +0.0047% | 1h | 197.55 | +0.007% | $1.3M | $2.7M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.44 | −0.048% | $15.3M | $12.1M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.48 | −0.028% | $136K | $1.4M | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.60 | −0.474% | $425K | $2.4M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.38 | −0.079% | $993K | $210K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.74 | −0.403% | $88K | $284K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.55 | +0.007% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.33 | −0.104% | $116 | — | 10x | as long as short |
| edgeX COINUSDC | +0.0115% | 4h | 196.89 | −0.328% | $51K | $295K | 10x | as long as short |
| BloFin COIN-USDT | +0.0133% | 8h | 196.94 | −0.302% | $189K | $484K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 196.79 | −0.378% | $4K | $283K | 10x | as long as short |
| SoDEX COIN-USD | +0.0473% | 1h | 197.18 | −0.180% | $72 | $3K | 10x | as long as short |
Lighter RH COIN
Extended COIN_24_5-USD
Arcus COIN-USD
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
edgeX COINUSDC
BloFin COIN-USDT
Phoenix COIN
SoDEX COIN-USD