Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.013%
Price spread now: SoDEX against Variational Omni−0.033%7-day average +0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.033%, 7d avg +0.010%
=Together, before fees−0.039%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SoDEX is 0.043% cheaper against Variational Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 86,125.5 | 0.0100 | pay 0.0100% / 8h | 5h 51m | $158.0M | $474.6M | — |
| Short | SoDEX BTC-USD | 86,097 | 0.0000 | pay 0.0000% / 1h | 51m 36s | $65.9M | $187.9M | 40x |
Variational Omni BTC
SoDEX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$21.03
- Price spread: −0.033% → +0.010%
- −$4.28
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$33.31
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; SoDEX: live order book, 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 Variational Omni RFQ quote, 1 min ago | 0.51 bp | doesn't fit | 0.5 bp −$5 | 1.6 bp −$156 | doesn't fit |
| Sell SoDEX live order book, 1 min ago | 0.06 bp | 4.1 bp −$4 | 4.1 bp −$41 | 5.0 bp −$497 | 42.1 bp −$21.1K |
BTC on 55 exchanges
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 | −0.0133% | 1h | 86,126 | +0.001% | $2.1M | $7.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,197 | +0.083% | $8K | $2K | 50x | as long as short |
| ApeX Omni BTCUSDT | −0.0035% | 1h | 86,094.8 | −0.036% | $137.6M | $295.3M | 100x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,088.7 | −0.043% | $363K | $2.0M | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 86,091.8 | −0.039% | $421.2M | $564.2M | 150x | as long as short |
| SoDEX BTC-USDshort | 0.0000% | 1h | 86,097 | −0.033% | $65.9M | $187.9M | 40x | |
| dYdX BTC-USD | 0.0000% | 1h | 86,107.7 | −0.021% | $16.9M | $14.5M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,108.2 | −0.020% | $481K | $13.8M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,111.6 | −0.016% | $36.8M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0009% | 1h | 86,214 | +0.103% | $301K | $26.1M | 52x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
ApeX Omni BTCUSDT
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0028% | 8h | 86,085.8 | −0.046% | $513.2M | $875.0M | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0029% | 1h | 86,113.5 | −0.014% | $191.3M | $770.3M | 100x | as long as short |
| BingX BTC-USDC | +0.0030% | 8h | 86,073.7 | −0.060% | — | $16.3M | — | as long as short |
| Bybit BTCUSDT | +0.0036% | 8h | 86,098.7 | −0.031% | $5.15B | $8.13B | 150x | as long as short |
| KuCoin XBTUSDTM | +0.0054% | 8h | 86,066.4 | −0.069% | $942.9M | $634.5M | 125x | as long as short |
| Gate BTC_USDT | +0.0063% | 8h | 86,094.4 | −0.036% | $5.52B | $8.88B | 200x | as long as short |
| Popdex BTCUSDT | +0.0072% | 1h | 86,093 | −0.038% | $8.8M | $45.3M | 100x | as long as short |
| Phemex BTCUSDT | +0.0088% | 8h | 86,088.5 | −0.043% | $170.6M | $479.1M | 150x | as long as short |
| Bitget BTCUSDT | +0.0094% | 8h | 86,091.1 | −0.040% | $2.99B | $3.97B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,085.1 | −0.047% | $173.8M | $852.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,080.5 | −0.052% | $23.4M | $119.0M | 50x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 86,069.3 | −0.065% | $2.4M | $6.7M | 20x | as long as short |
| HTX BTC-USDT | +0.0097% | 8h | 86,076.7 | −0.057% | $2.27B | $805.8M | 200x | as long as short |
| MEXC BTC_USDT | +0.0099% | 8h | 86,079.9 | −0.053% | $5.17B | $4.82B | 500x | as long as short |
| Binance BTCUSDT | +0.0099% | 8h | 86,089 | −0.042% | $9.46B | $20.56B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,063 | −0.073% | $219K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,119 | −0.007% | $6.0M | $7.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,064.7 | −0.071% | $23.5M | $195.9M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,107.2 | −0.021% | $40.4M | $570.0M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,099.7 | −0.030% | $2.62B | $9.50B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,076 | −0.057% | $4.0M | $15.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,120.7 | −0.006% | $4.2M | $90.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,169.3 | +0.051% | $716.4M | $134.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,092 | −0.039% | $38.7M | $196.3M | 75x | as long as short |
| Variational Omni BTClong | +0.0100% | 8h | 86,125.5 | long leg | $158.0M | $474.6M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 86,081.5 | −0.051% | $289.8M | $813.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,097 | −0.033% | $216.3M | $133.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,060.1 | −0.076% | $30.3M | $223.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,142.5 | +0.020% | — | $9.4M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,094 | −0.037% | $11.0M | $12.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,093.8 | −0.037% | $205K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,080.1 | −0.053% | $2.7M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,127.2 | +0.002% | $195K | $564K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,061.2 | −0.075% | $3.2M | $6.6M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,063.6 | −0.072% | $47.0M | $203.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 86,101.5 | −0.028% | — | $81.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,143.8 | +0.021% | $112.3M | $4.98B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0159% | 8h | 86,102 | −0.027% | $11.9M | $733.1M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0163% | 1h | 86,062.8 | −0.073% | $6.6M | $131.1M | 40x | as long as short |
| Hyperliquid BTC | +0.0163% | 1h | 86,188.6 | +0.073% | $3.97B | $4.36B | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 86,112.5 | −0.015% | $8.9M | $37.1M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0251% | 1h | 86,101.2 | −0.028% | $15.6M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0245% | 1h | 86,143.2 | +0.021% | $822.7M | $1.50B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0352% | 1h | 86,133 | +0.009% | $726K | $7.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0450% | 1h | 86,144.6 | +0.022% | $79K | $245K | 20x | as long as short |
Aster BTCUSDT
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Bybit BTCUSDT
KuCoin XBTUSDTM
Gate BTC_USDT
Popdex BTCUSDT
Phemex BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
HTX BTC-USDT
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
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
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
Reya BTCRUSDPERP
Hyperliquid BTC
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD