Funding you earn now, next payment 04:00 UTC+0.0111%/8h= +12.1% APRnext payment +$1.11 per $10,000 · paid last 24h −0.019%
Price spread now: Kalshi against Variational Omni−0.039%7-day average +0.005% · 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)−0.061%−$6 on $10k
+Price spread, last 7 days+0.089%+$9 · spread now −0.039%, 7d avg +0.005%
=Together, before fees+0.027%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kalshi is 0.044% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.005%). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 85,577.1 | 0.0100 | pay 0.0100% / 8h | 5h 54m | $153.7M | $552.3M | — |
| Short | Kalshi KXBTCPERP | 85,544 | 0.0211 | get 0.0211% / 8h | 1h 54m | $10.4M | $760.4M | 6.4x |
Variational Omni BTC
Kalshi KXBTCPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- $23.3
- Price spread: −0.039% → +0.005%
- −$4.36
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $8.94
- Costs to cover
- 0.100%
- Break-even
- 4.3 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Kalshi: live order book, 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 Variational Omni RFQ quote, 5 min ago | 0.57 bp | doesn't fit | 1.1 bp −$11 | 2.5 bp −$248 | doesn't fit |
| Sell Kalshi live order book, 5 min ago | 0.23 bp | 5.3 bp −$5 | 6.8 bp −$68 | 7.5 bp −$750 | 12.4 bp −$6,181 |
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 | 85,538 | −0.046% | $2.1M | $10.3M | 40x | as long as short |
| ApeX Omni BTCUSDT | −0.0123% | 1h | 85,466.5 | −0.129% | $139.7M | $316.3M | 100x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,516 | −0.071% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,490.7 | −0.101% | $364K | $2.3M | 50x | as long as short |
| Nado BTC-PERP | −0.0016% | 1h | 85,519.9 | −0.067% | $22.5M | $222.5M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,532.4 | −0.052% | $16.7M | $20.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,505.8 | −0.083% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0018% | 8h | 85,481.8 | −0.111% | $515.3M | $1.11B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0019% | 8h | 85,492.6 | −0.099% | $898.5M | $745.4M | 125x | as long as short |
| BingX BTC-USDT | +0.0054% | 8h | 85,498.4 | −0.092% | — | $1.54B | — | as long as short |
Phoenix BTC
ApeX Omni BTCUSDT
Hotstuff BTC-PERP
01 Exchange BTCUSD
Nado BTC-PERP
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
BingX BTC-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTC-USDT | +0.0058% | 8h | 85,496.9 | −0.094% | $2.27B | $929.9M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0064% | 1h | 85,482.5 | −0.111% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0067% | 8h | 85,487.9 | −0.104% | $2.94B | $5.01B | 150x | as long as short |
| SoDEX BTC-USD | +0.0069% | 1h | 85,515 | −0.073% | $59.9M | $336.4M | 40x | as long as short |
| SunX BTC-USDT | +0.0075% | 8h | 85,478.4 | −0.115% | $2.9M | $6.2M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,617 | +0.047% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,505.5 | −0.084% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0084% | 8h | 85,506.3 | −0.083% | $5.07B | $5.57B | 500x | as long as short |
| Binance BTCUSDT | +0.0084% | 8h | 85,502.9 | −0.087% | $9.33B | $23.83B | 150x | as long as short |
| Popdex BTCUSDT | +0.0088% | 1h | 85,493 | −0.098% | $8.4M | $51.5M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,515.1 | −0.072% | $169.5M | $982.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,512.3 | −0.076% | $23.9M | $147.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,545.6 | −0.037% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,475 | −0.119% | $204K | $7.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,568 | −0.011% | $3.76B | $4.90B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,533.3 | −0.051% | $40.1M | $571.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,502.3 | −0.087% | $5.32B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,501.8 | −0.088% | $2.56B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,508 | −0.081% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,466.1 | −0.130% | $7.1M | $96.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,482.5 | −0.111% | $608.2M | $317.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,508.1 | −0.081% | $5.56B | $10.39B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,487 | −0.105% | $34.7M | $169.8M | 75x | as long as short |
| Variational Omni BTClong | +0.0100% | 8h | 85,577.1 | long leg | $153.7M | $552.3M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 85,470.5 | −0.125% | $278.0M | $927.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,468 | −0.128% | $214.5M | $161.4M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,571 | −0.007% | $30.2M | $211.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,548.9 | −0.033% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,484 | −0.109% | $11.0M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,491 | −0.101% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,504.6 | −0.085% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,540.4 | −0.043% | $196K | $722K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,505 | −0.084% | $30.0M | $52.7M | 15x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,506.6 | −0.082% | $149.1M | $478.8M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,486.1 | −0.106% | $44.3M | $226.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,509.6 | −0.079% | — | $103.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,547.6 | −0.035% | $130.6M | $5.06B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,524.3 | −0.062% | $8.4M | $42.1M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0139% | 1h | 85,540.4 | −0.043% | $187.0M | $949.1M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0192% | 1h | 85,561.1 | −0.019% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,621 | +0.051% | $683K | $7.8M | 30x | as long as short |
| Deribit BTC-PERPETUAL | +0.0195% | 1h | 85,559.5 | −0.021% | $894.9M | $1.52B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0181% | 1h | 85,500.7 | −0.089% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERPshort | +0.0211% | 8h | 85,544 | −0.039% | $10.4M | $760.4M | 6.4x | |
| Perpl BTC | +0.0447% | 43m | 85,538.1 | −0.046% | $510K | $19.6M | 6.7x | as long as short |
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
SoDEX BTC-USD
SunX BTC-USDT
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Popdex BTCUSDT
Lighter BTC
Lighter RH BTC
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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Perpl BTC