Funding you earn now, next payment 07:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h +0.002%
Price spread now: Variational Omni against RISEx+0.064%7-day average −0.017% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 7 days−0.118%−$12 · spread now +0.064%, 7d avg −0.017%
=Together, before fees−0.119%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.080% dearer against RISEx than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of −0.017%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 4 days (−0.001% in total) that is about 9 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BTC/USDC | 85,378.7 | 0.0193 | pay 0.0024% / 1h | 2m 02s | $8.8M | $42.7M | 25x |
| Short | Variational Omni BTC | 85,432.9 | 0.0100 | get 0.0100% / 8h | 1h 02m | $156.6M | $557.5M | — |
RISEx BTC/USDC
Variational Omni BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against RISEx. 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
- −$19.5
- Price spread: +0.064% → −0.017%
- $8.01
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$17.49
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: RISEx: live order book, 17 min ago; Variational Omni: RFQ quote, 2 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 RISEx live order book, 17 min ago | 0.01 bp | 4.1 bp −$4 | 4.2 bp −$42 | 11.1 bp −$1,113 | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 0.50 bp | doesn't fit | 0.5 bp −$5 | 1.7 bp −$166 | 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 | 85,520 | +0.166% | $2.3M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,360 | −0.022% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0032% | 8h | 85,347 | −0.037% | $928.5M | $773.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0023% | 8h | 85,381.7 | +0.004% | $421.4M | $680.9M | 150x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 85,334.6 | −0.052% | $512.1M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,358.3 | −0.024% | $352K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,392.5 | +0.016% | $492K | $18.3M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 85,372.9 | −0.007% | $849.7M | $1.64B | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,384.6 | +0.007% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,362.3 | −0.019% | $36.5M | — | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
Deribit BTC-PERPETUAL
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0048% | 1h | 85,342.9 | −0.042% | $24.1M | $219.7M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,420 | +0.048% | $339K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0074% | 8h | 85,316.5 | −0.073% | — | $17.4M | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,350.7 | −0.033% | $185.9M | $951.9M | 100x | as long as short |
| Bybit BTCUSDT | +0.0091% | 8h | 85,335.2 | −0.051% | $5.13B | $9.97B | 150x | as long as short |
| SoDEX BTC-USD | +0.0091% | 1h | 85,340 | −0.045% | $59.7M | $336.6M | 40x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,339.8 | −0.046% | $2.96B | $5.15B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,353.2 | −0.030% | $169.7M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,350.8 | −0.033% | $23.6M | $149.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,351 | −0.032% | $8.4M | $57.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,340.5 | −0.045% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,341.5 | −0.044% | $5.03B | $5.79B | 500x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,340 | −0.045% | $9.42B | $24.87B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,337 | −0.049% | $245K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,392.4 | +0.016% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,418 | +0.046% | $3.75B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,383.6 | +0.006% | $40.4M | $603.0M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,345.1 | −0.039% | $2.60B | $12.18B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,361 | −0.021% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,349.3 | −0.034% | $5.1M | $96.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,350.1 | −0.033% | $5.54B | $11.10B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,331.5 | −0.055% | $37.2M | $183.1M | 75x | as long as short |
| Variational Omni BTCshort | +0.0100% | 8h | 85,432.9 | +0.064% | $156.6M | $557.5M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 85,433.6 | +0.064% | $279.9M | $953.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,439 | +0.071% | $214.5M | $163.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,433.9 | +0.065% | $139.7M | $313.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,401.3 | +0.027% | $30.1M | $207.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,407.8 | +0.034% | — | $9.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,348 | −0.036% | $11.0M | $14.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,346.7 | −0.037% | $198K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,343.5 | −0.041% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,376.1 | −0.003% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,383.8 | +0.006% | $30.0M | $46.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,352.2 | −0.031% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,342.7 | −0.042% | $2.26B | $963.2M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,357.9 | −0.024% | $157.5M | $512.3M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,413.1 | +0.040% | $689.0M | $342.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,316.6 | −0.073% | $45.2M | $240.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,363.6 | −0.018% | — | $104.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,369 | −0.011% | $112.9M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0135% | 1h | 85,336.4 | −0.050% | $6.6M | $147.5M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0148% | 1h | 85,357 | −0.025% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0175% | 8h | 85,373 | −0.007% | $11.9M | $739.1M | 6.4x | as long as short |
| RISEx BTC/USDClong | +0.0193% | 1h | 85,378.7 | long leg | $8.8M | $42.7M | 25x | |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,443.3 | +0.076% | $685K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0274% | 1h | 85,430.6 | +0.061% | $79K | $246K | 20x | as long as short |
Nado BTC-PERP
Injective BTC/USDC PERP
BingX BTC-USDC
Kraken Futures PF_XBTUSD
Bybit BTCUSDT
SoDEX BTC-USD
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
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
ApeX Omni BTCUSDT
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
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD