M

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0588%/8h= −64.4% APRnext payment −$2.94 per $10,000 · paid last 24h −0.117%

Price spread now: Variational Omni against BloFin−0.246%56s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Variational Omni is 0.246% cheaper against BloFin than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin M-USDT	1.4750	0.0688	pay 0.0344% / 4h	2h 10m	$352K	$404K	10x
Short	Variational Omni M	1.4714	0.0100	get 0.0050% / 4h	2h 10m	$90K	$42K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee Variational OmnibpOrdersPrice spread, now −0.246%Rate

Funding earned: −$123.45
Price spread: −0.246% → 0.000%: −$24.56
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$160
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 10 min ago; Variational Omni: no order-book sample. 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 BloFin live order book, 10 min ago	0.34 bp	50.7 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

M on 12 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
Bybit MUSDT	+0.0100%	4h	1.4731	−0.129%	$4.7M	$2.3M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.4723	−0.183%	$2.0M	$897K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	1.4725	−0.169%	$1.9M	$343K	10x	as long as short
Variational Omni Mshort	+0.0100%	4h	1.4714	−0.246%	$90K	$42K	—
Orderly PERP_M_USDC	+0.0100%	4h	1.4747	−0.020%	$2K	$139	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.4717	−0.224%	$2K	$542K	20x	as long as short
Aster MUSDT	+0.0459%	4h	1.4747	−0.022%	$15K	$115K	5x	as long as short
BloFin M-USDTlong	+0.0688%	4h	1.4750	long leg	$352K	$404K	10x
BingX M-USDT	+0.0702%	4h	1.4743	−0.047%	—	$2.4M	—	as long as short
MEXC M_USDT	+0.0744%	4h	1.4752	+0.014%	$247K	$112K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MUSDT	+0.0751%	4h	1.4745	−0.031%	$5.5M	$4.5M	10x	as long as short
KuCoin MUSDTM	+0.0890%	4h	1.4646	−0.704%	$1.4M	$4.4M	10x	as long as short