Spread before costs (cost unknown: a leg has no order-book sample)−0.113%
7d average−0.141%if it closes, per $10,000$11funding while held, a day−$47.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SUSDT | 0.03889 | 0.0100 | pay 0.0050% / 4h | 59m 14s | $5.3M | $37.4M | 75x |
| Short | Variational Omni S | 0.03885 | −0.1467 | pay 0.0734% / 4h | 59m 14s | $605K | $117K | — |
Binance SUSDT
Variational Omni SPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$11.32
- Funding while held
- −$47.01
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$68.34
- Spread needed to break even
- 0.100%
Slippage unknown: Binance: live order book, 14 min ago; Variational Omni: RFQ quote, 36 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1567%
- Per $10,000 a day
- −$47.01
- Average in range /8h
- —
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 Binance live order book, 14 min ago | 1.29 bp | 18.2 bp −$18 | 61.2 bp −$612 | 2705.6 bp −$270.6K | doesn't fit |
| Sell Variational Omni RFQ quote, 36 min ago | 6.50 bp | doesn't fit | 61.1 bp −$611 | doesn't fit | doesn't fit |
S price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.03826cheapestBybit0.03883+1.490%KuCoin0.03884+1.516%
Coinbase International
Bybit
KuCoinVariational Omni0.03885+1.532%
OKX0.03885+1.542%Extended0.03887+1.586%Reya0.03887+1.590%BloFin0.03887+1.594%Aster0.03888+1.615%BingX0.03888+1.620%Hyperliquid0.03888+1.623%Kraken Futures0.03888+1.633%
OKX
Extended
Reya
BloFin
Aster
BingX
Hyperliquid
Kraken FuturesBinance0.03889+1.647%
01 Exchange0.03890+1.673%MEXC0.03890+1.673%Gate0.03891+1.699%Orderly0.03891+1.699%GMX0.03893+1.764%Lighter0.03894+1.777%gTrade (Gains Network)0.03895+1.803%Deribit0.03895+1.803%Bitget0.03896+1.830%Backpack0.03900+1.934%ApeX Omni0.03900+1.934%
MEXC
Gate
Orderly
GMX
Lighter
gTrade (Gains Network)
Deribit
Bitget
Backpack
ApeX OmniInjective0.04100+7.162%
InjectiveS on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International S-PERP-INTX | −1.620% | −0.1488% | 1h | $47K | $9K | 25x | as long as short |
| Bybit SUSDT | −0.154% | +0.0100% | 4h | $5.5M | $8.9M | 50x | as long as short |
| KuCoin SUSDTM | −0.129% | +0.0100% | 4h | $1.8M | $3.7M | 50x | as long as short |
| Variational Omni Sshort | −0.113% | −0.1467% | 4h | $605K | $117K | — | |
| OKX S-USDT-SWAP | −0.103% | −0.0106% | 4h | $971K | $11.8M | 20x | as long as short |
| Extended S-USD | −0.060% | +0.0104% | 1h | $219K | $941K | 10x | as long as short |
| Reya SRUSDPERP | −0.056% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| BloFin S-USDT | −0.051% | +0.0340% | 4h | $274K | $261K | 75x | as long as short |
| Aster SUSDT | −0.031% | −0.0227% | 4h | $42K | $258K | 10x | as long as short |
| BingX S-USDT | −0.026% | +0.0100% | 4h | — | $7.0M | — | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid S | −0.023% | +0.0100% | 1h | $992K | $1.3M | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.014% | −0.2138% | 1h | $33K | $41K | 10x | as long as short |
| Binance SUSDTlong | 0.000% | +0.0100% | 4h | $5.3M | $37.4M | 75x | |
| 01 Exchange SUSD | +0.026% | +0.0064% | 1h | $24K | $3K | 5x | as long as short |
| MEXC S_USDT | +0.026% | +0.0100% | 4h | $3.5M | $3.3M | 200x | as long as short |
| Gate S_USDT | +0.051% | +0.0100% | 4h | $318K | $344K | 50x | as long as short |
| Orderly PERP_S_USDC | +0.051% | −0.0092% | 4h | $103K | $320K | 10x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +0.116% | L −0.0387% / S +0.0191% | 1h | $2K | — | 100x | as long as short |
| Lighter S | +0.129% | +0.0096% | 1h | $163K | $278K | 5x | as long as short |
| gTrade (Gains Network) S/USD | +0.154% | L +0.0001% / S +0.0006% | 1h | $600 | — | 150x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.154% | +0.0264% | 1h | $65K | $10K | 10x | as long as short |
| Bitget SUSDT | +0.180% | +0.0100% | 4h | $1.2M | $4.5M | 50x | as long as short |
| Backpack S_USDC_PERP | +0.283% | +0.0100% | 1h | $116K | $255K | 5x | as long as short |
| ApeX Omni SUSDT | +0.283% | +0.0100% | 1h | $25K | $494K | 50x | as long as short |
| Injective S/USDC PERP | +5.426% | +0.0033% | 1h | $2K | $37K | 12x | as long as short |