Funding you earn now, next payment 08:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.75 per $10,000 · paid last 24h +0.010%
Price spread now: BingX against Variational Omni−0.277%7-day average −0.030% · 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)+0.003%$0 on $10k
+Price spread, last 7 days+0.247%+$25 · spread now −0.277%, 7d avg −0.030%
=Together, before fees+0.250%+ Points / potential airdropVariational Omni: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.246% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.277% now, against its 7-day average of −0.030%). If the spread goes back, that is −$25 on $10k: about 5.5 days of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.003% in total) that is about 10 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.6972 | −0.0049 | get 0.0025% / 4h | 2h 55m | $957K | $717K | — |
| Short | BingX ETHFI-USDC | 0.6953 | 0.0100 | get 0.0050% / 4h | 2h 55m | — | $1.2M | — |
Variational Omni ETHFI
BingX ETHFI-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $31.29
- Price spread: −0.277% → −0.030%
- −$24.62
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$3.33
- Costs to cover
- 0.100%
- Break-even
- 7.7 days
Slippage unknown: Variational Omni: RFQ quote, 29 min ago; BingX: 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, 29 min ago | 4.27 bp | doesn't fit | 55.5 bp −$555 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.16 bp | 34.8 bp −$35 | 107.8 bp −$1,078 | 545.8 bp −$54.6K | 735.3 bp −$367.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0468% | 1h | 0.6961 | −0.162% | $40K | $10K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0411% | 1h | 0.6968 | −0.060% | $257K | $227K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0382% | 4h | 0.6954 | −0.262% | $81K | $182K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0253% | 4h | 0.6961 | −0.162% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0136% | 4h | 0.6958 | −0.205% | $17.4M | $12.7M | 25x | as long as short |
| Variational Omni ETHFIlong | −0.0049% | 4h | 0.6972 | long leg | $957K | $717K | — | |
| Extended ETHFI-USD | +0.0008% | 1h | 0.6955 | −0.246% | $94K | $507K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0011% | 4h | 0.6958 | −0.205% | $24.1M | $35.3M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0012% | 4h | 0.6953 | −0.277% | $15.8M | $4.0M | 125x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.840% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ETHFI-USD-PERP | +0.0040% | 8h | 0.6951 | −0.301% | $6K | — | 5x | as long as short |
| BloFin ETHFI-USDT | +0.0044% | 4h | 0.6958 | −0.205% | $1.2M | $238K | 75x | as long as short |
| Aster ETHFIUSDT | +0.0052% | 4h | 0.6960 | −0.176% | $178K | $254K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6961 | −0.158% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6966 | −0.096% | $1.1M | $830K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6954 | −0.258% | $17.0M | $8.3M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6966 | −0.090% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6958 | −0.205% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6961 | −0.162% | $1.2M | $230K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6957 | −0.219% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDCshort | +0.0100% | 4h | 0.6953 | −0.277% | — | $1.2M | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6953 | −0.271% | $64K | $125K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6968 | −0.061% | $2K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7054 | +1.172% | $31K | $6K | 50x | as long as short |
Paradex ETHFI-USD-PERP
BloFin ETHFI-USDT
Aster ETHFIUSDT
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX