Funding you earn now, next payment 00:00 UTC−0.1218%/8h= −133.4% APRnext payment −$6.09 per $10,000 · paid last 24h −0.396%
Price spread now: Variational Omni against BloFin−0.157%101s7-day average −0.113% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.814%−$81 on $10k
+Price spread, last 3 days (all we have)+0.760%+$76 · spread now −0.157%, 7d avg −0.113%
=Together, before fees−0.054%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and Variational Omni is 0.044% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.113%). Swap the legs. The two prices were read 101 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 S-USDT | 0.03934 | 0.0340 | pay 0.0170% / 4h | 2h 11m | $269K | $159K | 75x |
| Short | Variational Omni S | 0.03928 | −0.0878 | pay 0.0439% / 4h | 2h 11m | $611K | $34K | — |
BloFin S-USDT
Variational Omni SFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$255.75
- Price spread: −0.157% → −0.113%
- −$4.4
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$272.14
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 5 min ago; Variational Omni: RFQ quote, 13 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 BloFin live order book, 5 min ago | 2.54 bp | 15.8 bp −$16 | 35.1 bp −$351 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 13 min ago | 8.94 bp | doesn't fit | 83.0 bp −$830 | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1453% | 1h | 0.03928 | −0.147% | $33K | $30K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1264% | 1h | 0.03826 | −2.745% | $47K | $5K | 25x | as long as short |
| Variational Omni Sshort | −0.0878% | 4h | 0.03928 | −0.157% | $611K | $34K | — | |
| GMX S/USD [WBTC.b-USDC] | L −0.0191% / S +0.0185% | 1h | 0.03929 | −0.127% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03925 | −0.230% | $4 | — | 15x | as long as short |
| Orderly PERP_S_USDC | −0.0010% | 4h | 0.03927 | −0.178% | $100K | $345K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03930 | −0.111% | $606 | — | 150x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0004% | 1h | 0.03931 | −0.076% | $66K | $10K | 10x | as long as short |
| 01 Exchange SUSD | +0.0016% | 1h | 0.03920 | −0.356% | $24K | $3K | 5x | as long as short |
| Aster SUSDT | +0.0021% | 4h | 0.03927 | −0.190% | $43K | $212K | 10x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Orderly PERP_S_USDC
gTrade (Gains Network) S/USD
Deribit S_USDC-PERPETUAL
01 Exchange SUSD
Aster SUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.220% | $2K | $37K | 12x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03930 | −0.102% | $165K | $240K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03926 | −0.206% | $993K | $901K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03926 | −0.203% | $5.4M | $23.3M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03922 | −0.305% | $5.6M | $6.3M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03926 | −0.203% | $980K | $7.3M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03920 | −0.356% | $320K | $293K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03926 | −0.203% | $3.5M | $2.6M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03920 | −0.356% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03928 | −0.153% | $1.2M | $2.9M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03926 | −0.203% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03940 | +0.153% | $25K | $471K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03926 | −0.207% | $221K | $883K | 10x | as long as short |
| BloFin S-USDTlong | +0.0340% | 4h | 0.03934 | long leg | $269K | $159K | 75x | |
| Backpack S_USDC_PERP | +0.0426% | 1h | 0.03940 | +0.153% | $115K | $295K | 5x | as long as short |
Injective S/USDC PERP
Lighter S
Hyperliquid S
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Backpack S_USDC_PERP