Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h +0.010%
Price spread now: MEXC against Variational Omni−0.144%7-day average −0.063% · 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)+0.010%+$1 on $10k
+Price spread, last 7 days+0.073%+$7 · spread now −0.144%, 7d avg −0.063%
=Together, before fees+0.083%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.082% cheaper against Variational Omni than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.063%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.7143 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $1.0M | $729K | — |
| Short | MEXC ETHFI_USDT | 0.7133 | 0.0086 | get 0.0043% / 4h | 2h 09m | $15.1M | $3.9M | 125x |
Variational Omni ETHFI
MEXC ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$2.94
- Price spread: −0.144% → −0.063%
- −$8.19
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$15.13
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; MEXC: live order book, 9 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 | 4.19 bp | doesn't fit | 41.9 bp −$419 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 9 min ago | 1.40 bp | 6.8 bp −$7 | 15.9 bp −$159 | 73.0 bp −$7,297 | 190.1 bp −$95.0K |
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 | −0.0589% | 1h | 0.7145 | +0.023% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0254% | 4h | 0.7128 | −0.214% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0213% | 1h | 0.7153 | +0.132% | $281K | $145K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0172% | 4h | 0.7140 | −0.046% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.353% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0040% | 8h | 0.7134 | −0.135% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0042% | 4h | 0.7132 | −0.158% | $6.1M | $5.6M | 75x | as long as short |
| MEXC ETHFI_USDTshort | +0.0086% | 4h | 0.7133 | −0.144% | $15.1M | $3.9M | 125x | |
| Binance ETHFIUSDT | +0.0086% | 4h | 0.7132 | −0.158% | $24.8M | $37.0M | 75x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7132 | −0.158% | $92K | $495K | 10x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7141 | −0.038% | $1.1M | $909K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7139 | −0.062% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7144 | +0.015% | $182K | $255K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7137 | −0.088% | $18.3M | $12.8M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7135 | −0.116% | $4.9M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7138 | −0.074% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7137 | −0.088% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7137 | −0.088% | — | $25.9M | — | as long as short |
| Variational Omni ETHFIlong | +0.0100% | 4h | 0.7143 | long leg | $1.0M | $729K | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7139 | −0.063% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7149 | +0.079% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7140 | −0.048% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7165 | +0.303% | $31K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0329% | 4h | 0.7129 | −0.200% | $1.3M | $293K | 75x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT