Funding you earn now, next payment 09:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.041%
Price spread now: Variational Omni against GMX−0.252%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 −$4 a day on $10k at the current rate, and Variational Omni is 0.252% cheaper against GMX 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX MEGA/USD [ETH-USDC] | 0.04625 | L +0.0238% / S −0.5353% | pay 0.0030% / 1h | 14m 43s | $3K | — | 45x |
| Short | Variational Omni MEGA | 0.04613 | 0.0100 | get 0.0050% / 4h | 3h 14m | $324K | $219K | — |
GMX MEGA/USD [ETH-USDC]
Variational Omni MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GMX. 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
- −$28.93
- Price spread: −0.252% → 0.000%
- −$25.23
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$66.16
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 19 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 GMX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 19 min ago | 9.82 bp | doesn't fit | 138.6 bp −$1,386 | doesn't fit | doesn't fit |
GMX: 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.
MEGA on 28 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 MEGAUSDT | −0.0146% | 4h | 0.04627 | +0.043% | $3.6M | $5.8M | 20x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04614 | −0.238% | $21K | $7K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04626 | +0.016% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0055% | 1h | 0.04627 | +0.032% | $199K | $139K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0072% | 4h | 0.04627 | +0.043% | $203K | $96K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04628 | +0.060% | $21K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04628 | +0.067% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04628 | +0.065% | $4.1M | $13.6M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04626 | +0.022% | $930K | $3.2M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04628 | +0.065% | $208K | $333K | 20x | as long as short |
Bybit MEGAUSDT
Phoenix MEGA
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04628 | +0.065% | $764K | $404K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04628 | +0.065% | $246K | $124K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04628 | +0.065% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04626 | +0.022% | — | $1.7M | — | as long as short |
| Variational Omni MEGAshort | +0.0100% | 4h | 0.04613 | −0.252% | $324K | $219K | — | |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04605 | −0.432% | $30K | $2.0M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04610 | −0.324% | $24K | $226K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04626 | +0.022% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04627 | +0.043% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04610 | −0.324% | $136K | −$0 | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04627 | +0.039% | $129K | $802K | 5x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0123% | 1h | 0.04632 | +0.151% | $17K | $51K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04625 | +0.007% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC]long | L +0.0238% / S −0.5353% | 1h | 0.04625 | long leg | $3K | — | 45x | |
| Hyperliquid MEGA | +0.0297% | 1h | 0.04635 | +0.210% | $8.0M | $2.6M | 3x | as long as short |
| Lighter MEGA | +0.0896% | 1h | 0.04647 | +0.476% | $621K | $387K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1177% | 1h | 0.04633 | +0.166% | $112 | $15 | 25x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.1296% | 1h | 0.04589 | −0.768% | $5K | $12K | 50x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Backpack MEGA_USDC_PERP
Reya MEGARUSDPERP
Hyperliquid MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL
Coinbase International MEGA-PERP-INTX