BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.007%

Price spread now: Variational Omni against MEXC+0.091%7-day average −0.008% · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.091%, 7d avg −0.008%

Together, before fees−0.098%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Variational Omni is 0.099% dearer against MEXC than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BTC_USDT	85,467.2	0.0085	pay 0.0085% / 8h	5h 57m	$5.07B	$5.57B	500x
Short	Variational Omni BTC	85,545	0.0100	get 0.0100% / 8h	5h 57m	$154.0M	$554.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.091%Rate

Funding earned: $3.15
Price spread: +0.091% → −0.008%: $9.88
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.03
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 MEXC live order book, 1 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$210	2.6 bp −$1,299
Sell Variational Omni RFQ quote, 1 min ago	0.57 bp	doesn't fit	0.9 bp −$9	1.9 bp −$188	doesn't fit

BTC on 55 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	−0.0144%	1h	85,498	+0.036%	$2.1M	$10.1M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,608	+0.165%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0056%	1h	85,565.3	+0.115%	$362K	$2.3M	50x	as long as short
dYdX BTC-USD	0.0000%	1h	85,531.5	+0.075%	$16.7M	$20.9M	50x	as long as short
Nado BTC-PERP	+0.0002%	1h	85,560.8	+0.109%	$22.6M	$224.6M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,553.5	+0.101%	$36.6M	—	200x	as long as short
Aster BTCUSDT	+0.0019%	8h	85,475.9	+0.010%	$515.3M	$1.12B	200x	as long as short
KuCoin XBTUSDTM	+0.0022%	8h	85,460.1	−0.008%	$900.6M	$747.9M	125x	as long as short
SoDEX BTC-USD	+0.0046%	1h	85,539	+0.084%	$59.9M	$336.4M	40x	as long as short
BingX BTC-USDT	+0.0055%	8h	85,488.4	+0.025%	—	$1.54B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BTC-USDT	+0.0056%	8h	85,525.1	+0.068%	$2.27B	$932.8M	200x	as long as short
Reya BTCRUSDPERP	+0.0063%	1h	85,530.4	+0.074%	$6.7M	$146.4M	40x	as long as short
Bitget BTCUSDT	+0.0068%	8h	85,461.2	−0.007%	$2.94B	$5.01B	150x	as long as short
Popdex BTCUSDT	+0.0072%	1h	85,550	+0.097%	$8.4M	$51.5M	100x	as long as short
SunX BTC-USDT	+0.0075%	8h	85,568.6	+0.119%	$2.9M	$6.5M	100x	as long as short
Injective BTC/USDC PERP	+0.0079%	1h	85,617	+0.175%	$340K	$26.9M	52x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,560.2	+0.109%	$2.5M	$1.7M	20x	as long as short
Binance BTCUSDT	+0.0085%	8h	85,468.9	+0.002%	$9.32B	$23.92B	150x	as long as short
MEXC BTC_USDTlong	+0.0085%	8h	85,467.2	long leg	$5.07B	$5.57B	500x
Lighter BTC	+0.0096%	1h	85,481.2	+0.016%	$169.4M	$981.6M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,486.8	+0.023%	$23.9M	$146.8M	50x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	85,513.3	+0.054%	$3.8M	$8.3M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,526	+0.069%	$204K	$7.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,543	+0.089%	$3.76B	$4.92B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,512	+0.052%	$40.1M	$571.6M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,473.8	+0.008%	$5.32B	$9.61B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,471.9	+0.005%	$2.56B	$12.09B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,473	+0.007%	$3.9M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,446	−0.025%	$7.1M	$96.4M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,495.7	+0.033%	$5.57B	$10.37B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,509.1	+0.049%	$34.9M	$168.4M	75x	as long as short
Variational Omni BTCshort	+0.0100%	8h	85,545	+0.091%	$154.0M	$554.0M	—
edgeX BTCUSDC	+0.0100%	4h	85,553.1	+0.100%	$278.3M	$939.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,624	+0.183%	$214.9M	$162.9M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,552.6	+0.100%	$139.9M	$316.3M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,571.5	+0.122%	$30.2M	$211.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,605.3	+0.162%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,542	+0.088%	$11.0M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,544.7	+0.091%	$187K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,539.3	+0.084%	$2.4M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,555.4	+0.103%	$197K	$722K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,540.6	+0.086%	$30.0M	$52.7M	15x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,532.2	+0.076%	$149.7M	$478.8M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,593.2	+0.147%	$605.0M	$283.5M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,463	−0.005%	$44.2M	$227.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,604.3	+0.160%	—	$101.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,582	+0.134%	$130.4M	$5.07B	50x	as long as short
RISEx BTC/USDC	+0.0120%	1h	85,581.4	+0.134%	$8.4M	$42.1M	25x	as long as short
Kraken Futures PF_XBTUSD	+0.0138%	1h	85,565.4	+0.115%	$187.0M	$951.6M	100x	as long as short
Deribit BTC-PERPETUAL	+0.0163%	1h	85,587.3	+0.141%	$894.8M	$1.52B	50x	as long as short
Aftermath Perps BTCUSD	+0.0186%	1h	85,599.4	+0.155%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0192%	1h	85,616.2	+0.174%	$683K	$7.8M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0186%	1h	85,553.1	+0.100%	$13.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0212%	8h	85,595	+0.150%	$10.3M	$765.1M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,602.2	+0.158%	$510K	$19.7M	6.7x	as long as short