Funding you earn now, next payment 12:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.89 per $10,000 · paid last 24h −0.019%
Price spread now: Variational Omni against Bybit−0.253%7-day average +0.018% · 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)−0.012%−$1 on $10k
+Price spread, last 7 days+0.241%+$24 · spread now −0.253%, 7d avg +0.018%
=Together, before fees+0.229%+ Points / potential airdropVariational Omni: Active · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.271% cheaper against Bybit than usual: you would sell low and buy high (spread −0.253% now, against its 7-day average of +0.018%). If the spread goes back, that is −$27 on $10k: about 5.1 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.6966 | −0.0447 | get 0.0223% / 4h | 3h 52m | $17.1M | $12.9M | 25x |
| Short | Variational Omni ETHFI | 0.6948 | −0.0269 | pay 0.0135% / 4h | 3h 52m | $915K | $785K | — |
Bybit ETHFIUSDT
Variational Omni ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bybit. 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
- $37.17
- Price spread: −0.253% → +0.018%
- −$27.09
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$0.92
- Costs to cover
- 0.110%
- Break-even
- 7.2 days
Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 16 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 Bybit live order book, 1 min ago | 1.43 bp | 16.3 bp −$16 | 42.6 bp −$426 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 16 min ago | 5.03 bp | doesn't fit | 35.2 bp −$352 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0497% | 4h | 0.6963 | −0.043% | $83K | $149K | 20x | as long as short |
| Bybit ETHFIUSDTlong | −0.0447% | 4h | 0.6966 | long leg | $17.1M | $12.9M | 25x | |
| Deribit ETHFI_USDC-PERPETUAL | −0.0323% | 1h | 0.6977 | +0.158% | $41K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0284% | 4h | 0.6974 | +0.115% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFIshort | −0.0269% | 4h | 0.6948 | −0.253% | $915K | $785K | — | |
| Paradex ETHFI-USD-PERP | −0.0124% | 8h | 0.6960 | −0.091% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | 0.0000% | 1h | 0.6966 | +0.006% | $95K | $505K | 10x | as long as short |
| MEXC ETHFI_USDT | 0.0000% | 4h | 0.6967 | +0.014% | $15.9M | $4.1M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0001% | 4h | 0.6968 | +0.024% | $24.3M | $35.9M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.933% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6970 | +0.057% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6984 | +0.264% | $1.1M | $825K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6974 | +0.116% | $16.7M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6971 | +0.072% | $178K | $223K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6970 | +0.057% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6972 | +0.086% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6970 | +0.057% | $1.2M | $214K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6969 | +0.043% | $6.1M | $4.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6971 | +0.072% | — | $10.7M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6983 | +0.244% | $53K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6989 | +0.330% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0200% | 4h | 0.6975 | +0.129% | $1.2M | $232K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0336% | 1h | 0.6990 | +0.345% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0865% | 1h | 0.6987 | +0.294% | $292K | $283K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD