Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.040%
Price spread now: tradeXYZ against Variational Omni+0.132%7-day average −0.066% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.065%+$7 on $10k
+Price spread, last 7 days−0.191%−$19 · spread now +0.132%, 7d avg −0.066%
=Together, before fees−0.126%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.198% dearer against Variational Omni than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.066%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COIN | 196.70 | 0 | get 0.0000% / 8h | 4h 33m | $679K | $936K | — |
| Short | tradeXYZ xyz:COIN | 196.96 | 0.0050 | get 0.0006% / 1h | 33m 12s | $15.4M | $13.5M | 10x |
Variational Omni COIN
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: +0.132% → −0.066%
- $19.76
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $12.26
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 16 min ago; tradeXYZ: 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, 16 min ago | 2.87 bp | doesn't fit | 23.2 bp −$232 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.25 bp | 11.3 bp −$11 | 15.4 bp −$154 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0774% | 8h | 197.11 | +0.208% | $6.3M | $10.3M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.82 | +0.061% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0206% | 8h | 197.07 | +0.188% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0089% | 1h | 196.35 | −0.178% | — | $277K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.14 | +0.226% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.98 | +0.143% | $118K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.06 | +0.183% | $14.9M | $79.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.07 | +0.188% | $4.8M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.09 | +0.198% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COINlong | 0.0000% | 8h | 196.70 | long leg | $679K | $936K | — |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
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 | 196.89 | +0.095% | $16K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 196.75 | +0.025% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.00 | +0.150% | $347K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.98 | +0.142% | $449K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.93 | +0.117% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 196.96 | +0.132% | $15.4M | $13.5M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.81 | +0.056% | $135K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.84 | +0.071% | $59 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.29 | −0.209% | $348K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.02 | +0.162% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.88 | +0.091% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.98 | +0.142% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.98 | +0.143% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.08 | +0.193% | $189K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 196.85 | +0.076% | $4K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0642% | 4h | 196.83 | +0.067% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus 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
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC