Spread before costs (cost unknown: a leg has no order-book sample)+0.290%
7d average+0.210%if it closes, per $10,000$29funding while held, a day+$38.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni S | 0.03839 | −0.1171 | get 0.0585% / 4h | 2h 00m | $598K | $117K | — |
| Short | Backpack S_USDC_PERP | 0.03850 | 0.0100 | get 0.0013% / 1h | 0m 15s | $116K | $241K | 5x |
Variational Omni S
Backpack S_USDC_PERPPrice 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
- $29.01
- Funding while held
- $38.13
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $57.14
- Spread needed to break even
- 0.100%
Slippage unknown: Variational Omni: RFQ quote, 40 min ago; Backpack: live order book, 39 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1271%
- Per $10,000 a day
- +$38.13
- 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 Variational Omni RFQ quote, 40 min ago | 5.20 bp | doesn't fit | 111.8 bp −$1,118 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 39 min ago | 12.94 bp | 23.4 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
S price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.03826cheapestBybit0.03834+0.209%OKX0.03836+0.261%Gate0.03838+0.314%Extended0.03839+0.334%Reya0.03839+0.335%
Coinbase International
Bybit
OKX
Gate
Extended
ReyaVariational Omni0.03839+0.336%
BingX0.03839+0.340%Binance0.03840+0.366%01 Exchange0.03840+0.366%MEXC0.03840+0.366%KuCoin0.03840+0.366%Kraken Futures0.03841+0.391%Hyperliquid0.03841+0.392%Lighter0.03844+0.470%Orderly0.03844+0.470%BloFin0.03844+0.470%Aster0.03845+0.497%Bitget0.03845+0.497%Deribit0.03845+0.497%gTrade (Gains Network)0.03849+0.602%GMX0.03849+0.604%
BingX
Binance
MEXC
KuCoin
Kraken Futures
Hyperliquid
Lighter
Orderly
BloFin
Aster
Bitget
Deribit
gTrade (Gains Network)
GMXBackpack0.03850+0.627%
ApeX Omni0.03850+0.627%
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 | −0.335% | −0.2080% | 1h | $47K | $10K | 25x | as long as short |
| Bybit SUSDT | −0.127% | +0.0100% | 4h | $5.5M | $9.0M | 50x | as long as short |
| OKX S-USDT-SWAP | −0.075% | +0.0034% | 4h | $960K | $11.8M | 20x | as long as short |
| Gate S_USDT | −0.023% | +0.0100% | 4h | $317K | $368K | 50x | as long as short |
| Extended S-USD | −0.002% | +0.0104% | 1h | $216K | $944K | 10x | as long as short |
| Reya SRUSDPERP | −0.001% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Variational Omni Slong | 0.000% | −0.1171% | 4h | $598K | $117K | — | |
| BingX S-USDT | +0.004% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Binance SUSDT | +0.030% | +0.0100% | 4h | $5.2M | $38.3M | 75x | as long as short |
| 01 Exchange SUSD | +0.030% | −0.0168% | 1h | $23K | $3K | 5x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC S_USDT | +0.030% | +0.0100% | 4h | $3.5M | $3.5M | 200x | as long as short |
| KuCoin SUSDTM | +0.030% | +0.0100% | 4h | $1.8M | $3.7M | 50x | as long as short |
| Kraken Futures PF_SUSD | +0.055% | −0.1672% | 1h | $33K | $43K | 10x | as long as short |
| Hyperliquid S | +0.056% | +0.0043% | 1h | $981K | $1.4M | 5x | as long as short |
| Lighter S | +0.134% | +0.0096% | 1h | $161K | $309K | 5x | as long as short |
| Orderly PERP_S_USDC | +0.134% | −0.0108% | 4h | $101K | $324K | 10x | as long as short |
| BloFin S-USDT | +0.134% | +0.0340% | 4h | $274K | $259K | 75x | as long as short |
| Aster SUSDT | +0.160% | −0.0240% | 4h | $41K | $258K | 10x | as long as short |
| Bitget SUSDT | +0.160% | +0.0100% | 4h | $1.2M | $4.6M | 50x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.160% | −0.0530% | 1h | $65K | $10K | 10x | as long as short |
| gTrade (Gains Network) S/USD | +0.265% | L +0.0001% / S +0.0006% | 1h | $593 | — | 150x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +0.267% | L −0.0225% / S +0.0214% | 1h | $1K | — | 100x | as long as short |
| Backpack S_USDC_PERPshort | +0.290% | +0.0100% | 1h | $116K | $241K | 5x | |
| ApeX Omni SUSDT | +0.290% | +0.0100% | 1h | $20K | $494K | 50x | as long as short |
| Injective S/USDC PERP | +6.802% | +0.0033% | 1h | $2K | $120K | 12x | as long as short |