S

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0181%/8h= +19.8% APRnext payment +$0.91 per $10,000 · paid last 24h +0.334%

Price spread now: Bybit against Variational Omni+0.292%7-day average +0.079% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.651%+$65 on $10k

Price spread, last 4 days (all we have)−0.649%−$65 · spread now +0.292%, 7d avg +0.079%

Together, before fees+0.002%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.213% dearer against Variational Omni than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni S	0.04012	−0.0081	get 0.0041% / 4h	2h 19m	$623K	$25K	—
Short	Bybit SUSDT	0.04024	0.0100	get 0.0050% / 4h	2h 19m	$5.7M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.292%Rate

Funding earned: $38.05
Price spread: +0.292% → +0.079%: $21.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $48.3
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 30 min ago; Bybit: live order book, 3 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 Variational Omni RFQ quote, 30 min ago	6.33 bp	doesn't fit	87.4 bp −$874	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.49 bp	25.5 bp −$26	72.4 bp −$724	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	−0.9848%	1h	0.03850	−4.045%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1809%	1h	0.04020	+0.191%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03961	−1.279%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04027	+0.374%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04026	+0.350%	$4	—	15x	as long as short
Variational Omni Slong	−0.0081%	4h	0.04012	long leg	$623K	$25K	—
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04025	+0.327%	$620	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.186%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0084%	4h	0.04027	+0.366%	$100K	$553K	10x	as long as short
Lighter S	+0.0096%	1h	0.04033	+0.516%	$172K	$140K	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	0.04026	+0.342%	$1.0M	$595K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04026	+0.333%	$47K	$111K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04027	+0.366%	$5.7M	$13.7M	75x	as long as short
Bybit SUSDTshort	+0.0100%	4h	0.04024	+0.292%	$5.7M	$4.3M	50x
OKX S-USDT-SWAP	+0.0100%	4h	0.04025	+0.317%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04020	+0.192%	$327K	$185K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04026	+0.342%	$3.8M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04024	+0.292%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04027	+0.366%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04025	+0.317%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04020	+0.192%	$24K	$483K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04025	+0.315%	$226K	$593K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04016	+0.092%	$276K	$108K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0992%	1h	0.04031	+0.466%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2338%	1h	0.04030	+0.441%	$117K	$426K	5x	as long as short