Funding you earn now, next payment 09:00 UTC+0.0369%/8h= +40.5% APRpaid last 24h +0.019%
Price spread now: Polymarket Perps against Variational Omni+0.268%7-day average +0.059% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)−1.211%−$121 · spread now +0.268%, 7d avg +0.059%
=Together, before fees−1.189%+ Points / potential airdropVariational Omni: Active · farm board−$119 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Polymarket Perps is 0.209% dearer against Variational Omni than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.059%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.022% in total (about 2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.6948 | −0.0269 | get 0.0135% / 4h | 3h 55m | $915K | $785K | — |
| Short | Polymarket Perps ETHFI-USD | 0.6967 | 0.0100 | get 0.0013% / 1h | 55m 49s | $52K | $149K | 5x |
Variational Omni ETHFI
Polymarket Perps ETHFI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $77.59
- Price spread: +0.268% → +0.059%
- $20.91
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $90.5
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 13 min ago; Polymarket Perps: live order book, 7 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, 13 min ago | 5.03 bp | doesn't fit | 61.1 bp −$611 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 7 min ago | 2.87 bp | 8.2 bp −$8 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0468% | 1h | 0.6957 | +0.124% | $41K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0318% | 4h | 0.6959 | +0.153% | $83K | $149K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0283% | 4h | 0.6956 | +0.110% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFIlong | −0.0269% | 4h | 0.6948 | long leg | $915K | $785K | — | |
| Bybit ETHFIUSDT | −0.0124% | 4h | 0.6947 | −0.019% | $17.1M | $12.9M | 25x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0117% | 8h | 0.6960 | +0.166% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | 0.0000% | 1h | 0.6944 | −0.060% | $95K | $505K | 10x | as long as short |
| MEXC ETHFI_USDT | 0.0000% | 4h | 0.6954 | +0.081% | $15.7M | $4.1M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0002% | 4h | 0.6946 | −0.034% | $24.2M | $36.0M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.197% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
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 | 0.6953 | +0.067% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6966 | +0.258% | $1.1M | $824K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6956 | +0.116% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6957 | +0.126% | $178K | $224K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6952 | +0.052% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6958 | +0.139% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6960 | +0.168% | $1.2M | $215K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6947 | −0.019% | $6.1M | $4.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6947 | −0.019% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USDshort | +0.0100% | 1h | 0.6967 | +0.268% | $52K | $149K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6968 | +0.283% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0240% | 4h | 0.6974 | +0.369% | $1.2M | $242K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0336% | 1h | 0.6990 | +0.599% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0867% | 1h | 0.6968 | +0.281% | $291K | $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-USDC
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD