S

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0208%/8h= −22.7% APRnext payment −$1.04 per $10,000 · paid last 24h −0.350%

Price spread now: Variational Omni against KuCoin+0.151%7-day average −0.094% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.643%−$64 on $10k

Price spread, last 4 days (all we have)+0.804%+$80 · spread now +0.151%, 7d avg −0.094%

Together, before fees+0.161%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.245% dearer against KuCoin than usual: you sell high and buy low (spread +0.151% now, against its 7-day average of −0.094%): +$25 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 3 days (−0.643% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSDTM	0.04104	0.0100	pay 0.0050% / 4h	1h 07m	$1.9M	$2.7M	50x
Short	Variational Omni S	0.04110	−0.0108	pay 0.0054% / 4h	1h 07m	$636K	$31K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.151%Rate

Funding earned: −$43.62
Price spread: +0.151% → −0.094%: $24.5
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.12
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 9 min ago; Variational Omni: RFQ quote, 57 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 KuCoin live order book, 9 min ago	3.63 bp	93.2 bp −$93	507.2 bp −$5,072	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 57 min ago	9.85 bp	doesn't fit	101.0 bp −$1,010	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
01 Exchange SUSD	−1.1648%	1h	0.03960	−3.509%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1677%	1h	0.04098	−0.151%	$34K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−1.998%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04108	+0.107%	$1K	—	100x	as long as short
Variational Omni Sshort	−0.0108%	4h	0.04110	+0.151%	$636K	$31K	—
Reya SRUSDPERP	−0.0101%	1h	0.04100	−0.110%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04109	+0.120%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.097%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0068%	4h	0.04107	+0.073%	$102K	$324K	10x	as long as short
Lighter S	+0.0096%	1h	0.04110	+0.146%	$172K	$157K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04107	+0.066%	$1.0M	$556K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04106	+0.045%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04105	+0.024%	$5.7M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04100	−0.097%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04100	−0.097%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04101	−0.073%	$337K	$201K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04104	0.000%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.04104	long leg	$1.9M	$2.7M	50x
Bitget SUSDT	+0.0100%	4h	0.04104	0.000%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04104	0.000%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04100	−0.097%	$25K	$453K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04102	−0.058%	$231K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04098	−0.146%	$281K	$104K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0480%	1h	0.04110	+0.146%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1530%	1h	0.04110	+0.146%	$121K	$374K	5x	as long as short