Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: Variational Omni against Bulk−0.083%7-day average −0.009% · 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+0.061%+$6 · spread now −0.083%, 7d avg −0.009%
=Together, before fees+0.055%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.074% cheaper against Bulk than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk BTC-USD | 85,278.8 | 0.0100 | pay 0.0013% / 1h | 34m 14s | $682.9M | $449.0M | 40x |
| Short | Variational Omni BTC | 85,207.8 | 0.0100 | get 0.0100% / 8h | 1h 34m | $154.6M | $557.8M | — |
Bulk BTC-USD
Variational Omni BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bulk. 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
- $0
- Price spread: −0.083% → −0.009%
- −$7.44
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$14.44
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 Bulk live order book, 5 min ago | 0.01 bp | 3.5 bp −$4 | 3.5 bp −$35 | 4.6 bp −$457 | 5.5 bp −$2,727 |
| Sell Variational Omni RFQ quote, 5 min ago | 0.50 bp | doesn't fit | 0.5 bp −$5 | 2.0 bp −$204 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0082% | 1h | 85,242 | −0.043% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,248 | −0.036% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0045% | 8h | 85,226.6 | −0.061% | $927.3M | $773.4M | 125x | as long as short |
| BloFin BTC-USDT | −0.0028% | 8h | 85,224.2 | −0.064% | $421.0M | $681.5M | 150x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 85,248.1 | −0.036% | $512.2M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,233.1 | −0.054% | $16.7M | $21.4M | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,245.3 | −0.039% | $352K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,254.6 | −0.028% | $495K | $18.5M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,246.4 | −0.038% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0044% | 1h | 85,231.4 | −0.056% | $24.4M | $222.4M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDT | +0.0055% | 1h | 85,263.5 | −0.018% | $139.4M | $314.4M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.037% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0070% | 8h | 85,233.1 | −0.054% | — | $1.56B | — | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,228.6 | −0.059% | $2.96B | $5.18B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,226.8 | −0.061% | $2.4M | $6.7M | 20x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,245.7 | −0.039% | $186.0M | $957.6M | 100x | as long as short |
| MEXC BTC_USDT | +0.0091% | 8h | 85,249.6 | −0.034% | $5.01B | $5.75B | 500x | as long as short |
| Binance BTCUSDT | +0.0091% | 8h | 85,234.8 | −0.052% | $9.42B | $24.95B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,262.2 | −0.020% | $169.9M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,262 | −0.020% | $23.5M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,232 | −0.055% | $8.4M | $56.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,210 | −0.081% | $237K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,295.3 | +0.019% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,307 | +0.033% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,265 | −0.016% | $40.2M | $604.4M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,250 | −0.034% | $5.14B | $9.99B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,264 | −0.017% | $2.59B | $12.24B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,226 | −0.062% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,235.2 | −0.051% | $5.2M | $99.1M | 40x | as long as short |
| Bulk BTC-USDlong | +0.0100% | 1h | 85,278.8 | long leg | $682.9M | $449.0M | 40x | |
| Gate BTC_USDT | +0.0100% | 8h | 85,236.9 | −0.049% | $5.49B | $11.00B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,225.9 | −0.062% | $36.9M | $179.3M | 75x | as long as short |
| Variational Omni BTCshort | +0.0100% | 8h | 85,207.8 | −0.083% | $154.6M | $557.8M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 85,237.8 | −0.048% | $279.3M | $950.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,263.3 | −0.018% | $214.1M | $166.1M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,220.6 | −0.068% | $30.0M | $203.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,295.2 | +0.019% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,234 | −0.053% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,238 | −0.048% | $202K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,236.2 | −0.050% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,270.2 | −0.010% | $193K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,214.5 | −0.075% | $29.9M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,217.6 | −0.072% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,231 | −0.056% | $59.6M | $336.9M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,230.2 | −0.057% | $2.25B | $968.5M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,245.9 | −0.039% | $151.1M | $509.3M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,211.3 | −0.079% | $44.8M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,245.5 | −0.039% | — | $107.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,275.4 | −0.004% | $116.8M | $5.45B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0107% | 1h | 85,276.1 | −0.003% | $862.3M | $1.64B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0127% | 1h | 85,222.7 | −0.066% | $6.6M | $147.6M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0152% | 1h | 85,243.6 | −0.041% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0185% | 8h | 85,267 | −0.014% | $11.7M | $741.3M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,259.9 | −0.022% | $8.7M | $42.9M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0248% | 1h | 85,268.6 | −0.012% | $684K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0268% | 1h | 85,279.2 | 0.000% | $79K | $229K | 20x | as long as short |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDT
Bitget BTCUSDT
Aevo BTC-PERP
Kraken Futures PF_XBTUSD
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD