Funding you earn now, next payment 08:00 UTC−0.0668%/8h= −73.2% APRnext payment −$3.34 per $10,000 · paid last 24h 0.000%
Price spread now: Orderly against Variational Omni−0.090%7-day average — · 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)—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 −$20 a day on $10k at the current rate, and Orderly is 0.090% cheaper against Variational Omni than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni M | 1.3604 | 0.0768 | pay 0.0384% / 4h | 2h 15m | $90K | $49K | — |
| Short | Orderly PERP_M_USDC | 1.3592 | 0.0100 | get 0.0050% / 4h | 2h 15m | $2K | $510 | 10x |
Variational Omni M
Orderly PERP_M_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$140.3
- Price spread: −0.090% → 0.000%
- −$9.01
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$155.31
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: no order-book sample; Orderly: 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Variational Omni and Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate M_USDT | +0.0100% | 8h | 1.3570 | −0.252% | $1.8M | $917K | 10x | as long as short |
| Orderly PERP_M_USDCshort | +0.0100% | 4h | 1.3592 | −0.090% | $2K | $510 | 10x | |
| SunX M-USDT | +0.0100% | 4h | 1.3620 | +0.116% | $2K | $832K | 20x | as long as short |
| Bitget MUSDT | +0.0350% | 4h | 1.3596 | −0.061% | $1.8M | $247K | 10x | as long as short |
| Bybit MUSDT | +0.0471% | 4h | 1.3587 | −0.127% | $4.2M | $1.8M | 20x | as long as short |
| Aster MUSDT | +0.0584% | 4h | 1.3589 | −0.111% | $14K | $83K | 5x | as long as short |
| Variational Omni Mlong | +0.0768% | 4h | 1.3604 | long leg | $90K | $49K | — | |
| BingX M-USDT | +0.0830% | 4h | 1.3614 | +0.072% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.0878% | 4h | 1.3587 | −0.127% | $228K | $109K | 50x | as long as short |
| Binance MUSDT | +0.0882% | 4h | 1.3587 | −0.127% | $5.4M | $3.9M | 10x | as long as short |
Gate M_USDT
SunX M-USDT
Bitget MUSDT
Bybit MUSDT
Aster MUSDT
BingX M-USDT
MEXC M_USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.0934% | 4h | 1.3584 | −0.149% | $346K | $441K | 10x | as long as short |
| KuCoin MUSDTM | +0.2310% | 4h | 1.3471 | −0.982% | $1.4M | $3.8M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM