ATH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0246%/8h= −27.0% APRnext payment −$1.23 per $10,000 · paid last 24h −0.062%

Price spread now: Variational Omni against Bybit+0.300%7-day average +0.006% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.070%−$7 on $10k

Price spread, last 3 days (all we have)−0.251%−$25 · spread now +0.300%, 7d avg +0.006%

Together, before fees−0.321%+ Points / potential airdropVariational Omni: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.294% dearer against Bybit than usual: you sell high and buy low (spread +0.300% now, against its 7-day average of +0.006%): +$29 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 3 days (−0.070% in total) that is about 14 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.070% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ATHUSDT	0.005609	0.0100	pay 0.0050% / 4h	2h 21m	$4.5M	$2.3M	25x
Short	Variational Omni ATH	0.005626	−0.0146	pay 0.0073% / 4h	2h 21m	$189K	$94K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Variational OmnibpOrdersPrice spread, now +0.300%Rate

Funding earned: −$51.69
Price spread: +0.300% → +0.006%: $29.39
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$33.29
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 3 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 Bybit live order book, 1 min ago	4.45 bp	44.1 bp −$44	178.4 bp −$1,784	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	6.23 bp	doesn't fit	127.3 bp −$1,273	doesn't fit	doesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.3496%	1h	0.005602	−0.120%	$20K	$107K	10x	as long as short
Variational Omni ATHshort	−0.0146%	4h	0.005626	+0.300%	$189K	$94K	—
dYdX ATH-USD	0.0000%	1h	0.005637	+0.494%	$11K	$16	5x	as long as short
OKX ATH-USDT-SWAP	+0.0042%	4h	0.005611	+0.036%	$720K	$1.3M	20x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005617	+0.151%	$7K	$34K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005620	+0.196%	$3.4M	$3.9M	50x	as long as short
Bybit ATHUSDTlong	+0.0100%	4h	0.005609	long leg	$4.5M	$2.3M	25x
Gate ATH_USDT	+0.0100%	4h	0.005613	+0.071%	$804K	$531K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005622	+0.232%	$9.0M	$665K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005619	+0.178%	$564K	$84K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005614	+0.089%	$1.6M	$805K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005614	+0.089%	—	$21.7M	—	as long as short
BloFin ATH-USDT	+0.0145%	4h	0.005635	+0.464%	$174K	$62K	75x	as long as short