Funding you earn now, next payment 00:00 UTC−0.0558%/8h= −61.1% APRpaid last 24h −0.257%
Price spread now: Coinbase International against Variational Omni−0.947%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$17 a day on $10k at the current rate, and Coinbase International is 0.947% cheaper against Variational Omni than usual: you would sell low and buy high (−$95 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 | Variational Omni S | 0.03997 | −0.0682 | get 0.0341% / 4h | 3h 09m | $621K | $31K | — |
| Short | Coinbase International S-PERP-INTX | 0.03959 | −0.1240 | pay 0.0155% / 1h | 9m 19s | $49K | $5K | 25x |
Variational Omni S
Coinbase International S-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Variational Omni. 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
- −$117.09
- Price spread: −0.947% → 0.000%
- −$94.68
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$221.77
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 65 min ago; Coinbase International: no order-book sample. 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, 65 min ago | 5.10 bp | doesn't fit | 114.7 bp −$1,147 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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 | −0.2018% | 1h | 0.04003 | +0.142% | $34K | $23K | 10x | as long as short |
| 01 Exchange SUSD | −0.1760% | 1h | 0.04000 | +0.079% | $25K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTXshort | −0.1240% | 1h | 0.03959 | −0.947% | $49K | $5K | 25x | |
| Variational Omni Slong | −0.0682% | 4h | 0.03997 | long leg | $621K | $31K | — | |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04005 | +0.204% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04002 | +0.133% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04004 | +0.188% | $617 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0025% | 4h | 0.04003 | +0.154% | $102K | $331K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +2.581% | $2K | $37K | 12x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04008 | +0.279% | $164K | $192K | 5x | as long as short |
Kraken Futures PF_SUSD
01 Exchange SUSD
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Injective S/USDC PERP
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04004 | +0.177% | $1.0M | $621K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04006 | +0.233% | $44K | $141K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04003 | +0.165% | $5.5M | $15.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04000 | +0.079% | $5.7M | $4.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04002 | +0.129% | $983K | $4.5M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04002 | +0.129% | $327K | $218K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04004 | +0.179% | $3.6M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04007 | +0.254% | $1.9M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04006 | +0.229% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04003 | +0.154% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04000 | +0.079% | $26K | $445K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04002 | +0.131% | $224K | $1.1M | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0259% | 1h | 0.04010 | +0.329% | $117K | $325K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04004 | +0.179% | $271K | $127K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0499% | 1h | 0.04008 | +0.279% | $67K | $10K | 10x | 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
Backpack S_USDC_PERP
BloFin S-USDT
Deribit S_USDC-PERPETUAL