Spread before costs (cost unknown: a leg has no order-book sample)+0.069%
7d average—if it closes, per $10,000$7funding while held, a day−$33.35
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit S_USDC-PERPETUAL | 0.03986 | 0.0001 | pay 0.0000% / 1h | 4m 03s | $67K | $12K | 10x |
| Short | Variational Omni S | 0.03989 | −0.1111 | pay 0.0555% / 4h | 1h 04m | $622K | $124K | — |
Deribit S_USDC-PERPETUAL
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
- $6.93
- Funding while held
- −$33.35
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$33.42
- Spread needed to break even
- 0.070%
Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 51 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1112%
- Per $10,000 a day
- −$33.35
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 51 min ago | 7.70 bp | doesn't fit | 71.9 bp −$719 | doesn't fit | doesn't fit |
Deribit: 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.
S price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.03811cheapest01 Exchange0.03840+0.761%Bybit0.03977+4.356%Extended0.03978+4.381%OKX0.03979+4.408%Kraken Futures0.03979+4.415%Reya0.03980+4.425%Binance0.03980+4.435%Gate0.03980+4.435%MEXC0.03981+4.461%BingX0.03981+4.461%Orderly0.03981+4.461%KuCoin0.03982+4.487%Hyperliquid0.03984+4.539%GMX0.03984+4.539%Lighter0.03985+4.566%gTrade (Gains Network)0.03985+4.577%
Coinbase International
Bybit
Extended
OKX
Kraken Futures
Reya
Binance
Gate
MEXC
BingX
Orderly
KuCoin
Hyperliquid
GMX
Lighter
gTrade (Gains Network)Deribit0.03986+4.592%
Aster0.03987+4.616%BloFin0.03987+4.618%Bitget0.03988+4.644%
Aster
BloFin
BitgetVariational Omni0.03989+4.664%
Backpack0.03990+4.697%ApeX Omni0.04000+4.959%Injective0.04100+7.583%
Backpack
ApeX Omni
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 | −4.390% | −0.2344% | 1h | $47K | $12K | 25x | as long as short |
| 01 Exchange SUSD | −3.663% | −1.4232% | 1h | $23K | $3K | 5x | as long as short |
| Bybit SUSDT | −0.226% | +0.0100% | 4h | $5.7M | $9.5M | 50x | as long as short |
| Extended S-USD | −0.202% | +0.0104% | 1h | $224K | $946K | 10x | as long as short |
| OKX S-USDT-SWAP | −0.176% | +0.0100% | 4h | $1.0M | $12.9M | 20x | as long as short |
| Kraken Futures PF_SUSD | −0.169% | −0.1633% | 1h | $34K | $48K | 10x | as long as short |
| Reya SRUSDPERP | −0.160% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Binance SUSDT | −0.151% | +0.0100% | 4h | $5.4M | $40.8M | 75x | as long as short |
| Gate S_USDT | −0.151% | +0.0100% | 4h | $334K | $405K | 50x | as long as short |
| MEXC S_USDT | −0.125% | +0.0100% | 4h | $3.7M | $3.5M | 200x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX S-USDT | −0.125% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Orderly PERP_S_USDC | −0.125% | −0.0209% | 4h | $105K | $336K | 10x | as long as short |
| KuCoin SUSDTM | −0.100% | +0.0100% | 4h | $1.9M | $3.9M | 50x | as long as short |
| Hyperliquid S | −0.050% | +0.0100% | 1h | $1.1M | $1.5M | 5x | as long as short |
| GMX S/USD [WBTC.b-USDC] | −0.050% | L −0.0370% / S +0.0343% | 1h | $1K | — | 100x | as long as short |
| Lighter S | −0.025% | +0.0096% | 1h | $167K | $337K | 5x | as long as short |
| gTrade (Gains Network) S/USD | −0.015% | L +0.0001% / S +0.0006% | 1h | $614 | — | 150x | as long as short |
| Deribit S_USDC-PERPETUALlong | 0.000% | +0.0001% | 1h | $67K | $12K | 10x | |
| Aster SUSDT | +0.023% | −0.0278% | 4h | $50K | $260K | 10x | as long as short |
| BloFin S-USDT | +0.025% | +0.0340% | 4h | $287K | $249K | 75x | as long as short |
| Bitget SUSDT | +0.050% | +0.0100% | 4h | $1.2M | $4.7M | 50x | as long as short |
| Variational Omni Sshort | +0.069% | −0.1111% | 4h | $622K | $124K | — | |
| Backpack S_USDC_PERP | +0.100% | +0.0106% | 1h | $122K | $207K | 5x | as long as short |
| ApeX Omni SUSDT | +0.351% | +0.0100% | 1h | $25K | $500K | 50x | as long as short |
| Injective S/USDC PERP | +2.860% | +0.0033% | 1h | $2K | $193K | 12x | as long as short |