Funding you earn now, next payment 09:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h −0.247%
Price spread now: Variational Omni against gTrade (Gains Network)−0.280%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 −$2 a day on $10k at the current rate, and Variational Omni is 0.280% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$28 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 | gTrade (Gains Network) S/USD | 0.04328 | L +0.0001% / S +0.0006% | pay 0.0000% / 1h | 35m 48s | $667 | — | 150x |
| Short | Variational Omni S | 0.04316 | −0.0056 | pay 0.0028% / 4h | 3h 35m | $670K | $7K | — |
gTrade (Gains Network) S/USD
Variational Omni SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against gTrade (Gains Network). 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
- −$11.9
- Price spread: −0.280% → 0.000%
- −$27.96
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$49.86
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 63 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 63 min ago | 7.32 bp | doesn't fit | 80.5 bp −$805 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 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 | −0.2639% | 1h | 0.04300 | −0.651% | $35K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1248% | 1h | 0.04308 | −0.471% | $53K | $18K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04327 | −0.037% | $2K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04320 | −0.198% | $4 | — | 15x | as long as short |
| Variational Omni Sshort | −0.0056% | 4h | 0.04316 | −0.280% | $670K | $7K | — | |
| Deribit S_USDC-PERPETUAL | 0.0000% | 1h | 0.04327 | −0.032% | $73K | $11K | 10x | as long as short |
| gTrade (Gains Network) S/USDlong | L +0.0001% / S +0.0006% | 1h | 0.04328 | long leg | $667 | — | 150x | |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | −5.277% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0073% | 4h | 0.04325 | −0.078% | $108K | $630K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04328 | −0.009% | $185K | $100K | 5x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Deribit S_USDC-PERPETUAL
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04329 | +0.016% | $1.1M | $714K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04324 | −0.096% | $47K | $175K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04326 | −0.055% | $6.3M | $16.9M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04319 | −0.217% | $6.2M | $4.8M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04325 | −0.078% | $1.2M | $4.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04327 | −0.032% | $362K | $219K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04326 | −0.055% | $4.6M | $2.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04321 | −0.171% | $2.0M | $2.8M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04331 | +0.060% | $1.3M | $2.7M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04326 | −0.055% | — | $6.9M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04330 | +0.037% | $25K | $510K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04321 | −0.163% | $240K | $1.3M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04325 | −0.078% | $306K | $123K | 75x | as long as short |
| 01 Exchange SUSD | +0.0352% | 1h | 0.04170 | −3.659% | $25K | $3K | 5x | as long as short |
| Backpack S_USDC_PERP | +0.0366% | 1h | 0.04330 | +0.037% | $102K | $473K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
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
BloFin S-USDT
01 Exchange SUSD
Backpack S_USDC_PERP