Funding you earn now, next payment 02:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h 0.000%
Price spread now: Nado against Variational Omni−0.012%7-day average +0.014% · 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)0.000%$0 on $10k
+Price spread, last 7 days+0.035%+$3 · spread now −0.012%, 7d avg +0.014%
=Together, before fees+0.035%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.026% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 85,545 | 0.0100 | pay 0.0100% / 8h | 6h 00m | $154.0M | $554.0M | — |
| Short | Nado BTC-PERP | 85,534.9 | 0.0031 | get 0.0004% / 1h | 0m 03s | $22.6M | $224.9M | 50x |
Variational Omni BTC
Nado BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$14.5
- Price spread: −0.012% → +0.014%
- −$2.56
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$24.06
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Nado: live order book, 4 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, 4 min ago | 0.80 bp | doesn't fit | 0.8 bp −$8 | 2.7 bp −$265 | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.5 bp −$454 | 11.8 bp −$5,922 |
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 | 85,616 | +0.083% | $2.1M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,544 | −0.001% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 85,525.9 | −0.022% | $362K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,582.9 | +0.044% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,526 | −0.022% | $36.6M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,661 | +0.136% | $340K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0022% | 8h | 85,514.7 | −0.035% | $515.5M | $1.12B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0023% | 8h | 85,500.2 | −0.052% | $901.3M | $748.9M | 125x | as long as short |
| Nado BTC-PERPshort | +0.0031% | 1h | 85,534.9 | −0.012% | $22.6M | $224.9M | 50x | |
| RISEx BTC/USDC | +0.0044% | 1h | 85,554.4 | +0.011% | $8.4M | $42.2M | 25x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTM
RISEx BTC/USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0055% | 8h | 85,507.4 | −0.044% | — | $17.0M | — | as long as short |
| HTX BTC-USDT | +0.0056% | 8h | 85,507.8 | −0.043% | $2.27B | $932.8M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0062% | 1h | 85,504.5 | −0.047% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0068% | 8h | 85,540.4 | −0.005% | $2.94B | $5.02B | 150x | as long as short |
| SunX BTC-USDT | +0.0077% | 8h | 85,507.9 | −0.043% | $2.9M | $6.5M | 100x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,507.4 | −0.044% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0086% | 8h | 85,510.8 | −0.040% | $5.07B | $5.77B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,535 | −0.012% | $9.32B | $23.93B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,515.6 | −0.034% | $170.2M | $997.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,518.2 | −0.031% | $23.9M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,527 | −0.021% | $8.4M | $51.6M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,575.4 | +0.036% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,505 | −0.047% | $204K | $7.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,581 | +0.042% | $3.76B | $4.92B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,565.3 | +0.024% | $40.2M | $569.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,546.9 | +0.002% | $5.32B | $9.61B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,548.3 | +0.004% | $2.56B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,539 | −0.007% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,500 | −0.053% | $7.1M | $96.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,522.1 | −0.027% | $5.58B | $10.62B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,506.8 | −0.045% | $35.0M | $168.1M | 75x | as long as short |
| Variational Omni BTClong | +0.0100% | 8h | 85,545 | long leg | $154.0M | $554.0M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 85,613.3 | +0.080% | $278.5M | $939.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,624 | +0.092% | $214.9M | $162.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,624.5 | +0.093% | $140.0M | $316.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,623.8 | +0.092% | $30.3M | $210.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,588 | +0.050% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,521 | −0.028% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,517.3 | −0.032% | $187K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,517.8 | −0.032% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,554.9 | +0.012% | $197K | $722K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,513.6 | −0.037% | $30.0M | $52.7M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,511 | −0.040% | $59.9M | $336.4M | 40x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,513.7 | −0.037% | $150.0M | $479.6M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,593.2 | +0.056% | $605.0M | $283.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,523.5 | −0.025% | $44.1M | $227.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,569.3 | +0.028% | — | $101.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,549.1 | +0.005% | $130.4M | $5.07B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,535.4 | −0.011% | $186.9M | $951.9M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0184% | 1h | 85,607.4 | +0.073% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 85,631.9 | +0.102% | $682K | $7.8M | 30x | as long as short |
| Deribit BTC-PERPETUAL | +0.0201% | 1h | 85,564.2 | +0.022% | $894.9M | $1.52B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0186% | 1h | 85,522.8 | −0.026% | $13.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 85,560 | +0.018% | $10.2M | $765.0M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,574.3 | +0.034% | $511K | $19.9M | 6.7x | as long as short |
BingX BTC-USDC
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
SunX BTC-USDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex 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
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
SoDEX BTC-USD
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC