Funding you earn now, next payment 09:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.012%
Price spread now: QFEX against Variational Omni−0.032%7-day average −0.053% · 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)+0.011%+$1 on $10k
+Price spread, last 7 days−0.003%$0 · spread now −0.032%, 7d avg −0.053%
=Together, before fees+0.008%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.021% dearer against Variational Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COIN | 195.44 | 0 | get 0.0000% / 8h | 7h 36m | $659K | $1.0M | — |
| Short | QFEX COIN-USD | 195.38 | 0.0047 | get 0.0006% / 1h | 36m 58s | $1.3M | $2.8M | 10x |
Variational Omni COIN
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Variational Omni. 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
- $9.93
- Price spread: −0.032% → −0.053%
- $2.13
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $2.06
- Costs to cover
- 0.100%
- Break-even
- 5.6 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; QFEX: live order book, 6 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 Variational Omni RFQ quote, 2 min ago | 2.86 bp | doesn't fit | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.28 bp | 6.6 bp −$7 | 8.6 bp −$86 | 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 | 194.87 | −0.293% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0136% | 8h | 195.51 | +0.034% | $6.3M | $10.3M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0060% | 1h | 194.92 | −0.267% | — | $324K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.54 | +0.051% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.40 | −0.022% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.34 | −0.053% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.48 | +0.019% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COINlong | 0.0000% | 8h | 195.44 | long leg | $659K | $1.0M | — | |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.57 | +0.065% | $19K | $3.0M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 195.38 | −0.033% | $360K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
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 | 195.36 | −0.042% | $467K | $1.3M | 10x | as long as short |
| Binance COINUSDT | +0.0038% | 8h | 195.37 | −0.037% | $14.8M | $81.6M | 20x | as long as short |
| Extended COIN_24_5-USD | +0.0040% | 1h | 195.36 | −0.044% | $104K | $861K | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.66 | +0.111% | $17K | $57K | 5x | as long as short |
| QFEX COIN-USDshort | +0.0047% | 1h | 195.38 | −0.032% | $1.3M | $2.8M | 10x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.28 | −0.083% | $15.1M | $12.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.29 | −0.078% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.37 | −0.037% | $79 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.25 | −0.099% | $430K | $2.5M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.36 | −0.042% | $983K | $181K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.45 | +0.004% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.39 | −0.027% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.39 | −0.027% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0150% | 8h | 195.40 | −0.022% | $187K | $473K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.41 | −0.017% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0462% | 4h | 195.55 | +0.054% | $50K | $294K | 10x | as long as short |
Lighter RH COIN
Binance COINUSDT
Extended COIN_24_5-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
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
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC