Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.008%
Price spread now: HTX against Variational Omni−0.159%7-day average −0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.159%, 7d avg −0.001%
=Together, before fees−0.062%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and HTX is 0.158% cheaper against Variational Omni than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 85,777.2 | 0.0100 | pay 0.0100% / 8h | 5h 06m | $157.4M | $555.4M | — |
| Short | HTX BTC-USDT | 85,640.7 | 0.0091 | get 0.0091% / 8h | 5h 06m | $2.27B | $936.8M | 200x |
Variational Omni BTC
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$1.98
- Price spread: −0.159% → −0.001%
- −$15.85
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$29.83
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; HTX: live order book, 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 Variational Omni RFQ quote, 3 min ago | 0.71 bp | doesn't fit | 0.7 bp −$7 | 1.1 bp −$110 | doesn't fit |
| Sell HTX live order book, 3 min ago | 0.01 bp | 6.0 bp −$6 | 6.4 bp −$64 | 7.9 bp −$791 | 9.7 bp −$4,862 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0486% | 1h | 85,693.8 | −0.097% | $195K | $724K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,805 | +0.032% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,673 | −0.122% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,652.3 | −0.146% | $368K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,679.8 | −0.114% | $415.5M | $665.4M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,713.3 | −0.075% | $16.7M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0003% | 8h | 85,639 | −0.161% | $919.2M | $751.7M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,669.6 | −0.125% | $36.6M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0017% | 1h | 85,647.8 | −0.151% | $22.6M | $219.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0018% | 8h | 85,661.3 | −0.135% | $516.2M | $1.10B | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Nado BTC-PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0058% | 8h | 85,658.4 | −0.139% | — | $1.53B | — | as long as short |
| Bitget BTCUSDT | +0.0072% | 8h | 85,658.4 | −0.139% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0074% | 1h | 85,637.3 | −0.163% | $6.7M | $146.5M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,807 | +0.035% | $341K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,651.1 | −0.147% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,651 | −0.147% | $5.06B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0088% | 8h | 85,660.9 | −0.136% | $9.34B | $23.93B | 150x | as long as short |
| SoDEX BTC-USD | +0.0091% | 1h | 85,660 | −0.137% | $60.0M | $336.1M | 40x | as long as short |
| HTX BTC-USDTshort | +0.0091% | 8h | 85,640.7 | −0.159% | $2.27B | $936.8M | 200x | |
| Lighter BTC | +0.0096% | 1h | 85,671.4 | −0.123% | $174.2M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,682.6 | −0.110% | $23.9M | $149.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,648 | −0.151% | $8.4M | $52.3M | 100x | as long as short |
| Phemex BTCUSDT | +0.0099% | 8h | 85,676.5 | −0.117% | $149.4M | $480.6M | 150x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,702.2 | −0.088% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,624 | −0.179% | $199K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,729.3 | −0.056% | $3.74B | $4.96B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,696.1 | −0.095% | $40.1M | $576.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,668.1 | −0.127% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,670.1 | −0.125% | $2.58B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,666 | −0.130% | $4.0M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,638.2 | −0.162% | $6.8M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,800.8 | +0.027% | $635.6M | $478.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,658.7 | −0.138% | $5.55B | $10.57B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,676.9 | −0.117% | $35.8M | $174.2M | 75x | as long as short |
| Variational Omni BTClong | +0.0100% | 8h | 85,777.2 | long leg | $157.4M | $555.4M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 85,776.1 | −0.001% | $280.2M | $917.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,772.7 | −0.005% | $215.4M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,779.4 | +0.002% | $140.2M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,688.2 | −0.104% | $30.3M | $208.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,708.3 | −0.080% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,646 | −0.153% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,658.3 | −0.139% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,658.7 | −0.138% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,654.6 | −0.143% | $30.0M | $51.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,641.9 | −0.158% | $2.9M | $6.1M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,637.4 | −0.163% | $44.3M | $226.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,671.7 | −0.123% | — | $106.1M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,697 | −0.094% | $123.3M | $5.11B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,683.8 | −0.109% | $8.4M | $42.3M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0132% | 1h | 85,710.9 | −0.077% | $891.5M | $1.53B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,702 | −0.088% | $189.2M | $953.1M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,719.5 | −0.067% | $702K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0177% | 1h | 85,666.4 | −0.129% | $13.5M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0207% | 1h | 85,754.8 | −0.026% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0220% | 8h | 85,690 | −0.102% | $10.7M | $758.7M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,700.9 | −0.089% | $500K | $19.2M | 6.7x | as long as short |
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Phemex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk 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
Derive BTC-PERP
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC