Spread before costs (cost unknown: a leg has no order-book sample)+0.243%
7d average—if it closes, per $10,000$24funding while held, a day+$41.22
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni S | 0.03847 | −0.1380 | get 0.0690% / 4h | 1h 30m | $599K | $117K | — |
| Short | gTrade (Gains Network) S/USD | 0.03857 | L +0.0001% / S +0.0006% | pay 0.0001% / 1h | 30m 51s | $594 | — | 150x |
Variational Omni S
gTrade (Gains Network) S/USDPrice 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
- $24.34
- Funding while held
- $41.22
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- $55.56
- Spread needed to break even
- 0.100%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1374%
- Per $10,000 a day
- +$41.22
- 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, 5 min ago | 6.50 bp | doesn't fit | 118.4 bp −$1,184 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
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 price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.03826cheapestGate0.03845+0.497%BloFin0.03846+0.523%Bybit0.03847+0.549%
Coinbase International
Gate
BloFin
BybitVariational Omni0.03847+0.552%
Reya0.03850+0.620%Kraken Futures0.03850+0.626%01 Exchange0.03850+0.627%BingX0.03850+0.627%Backpack0.03850+0.627%ApeX Omni0.03850+0.627%Hyperliquid0.03850+0.640%OKX0.03851+0.653%KuCoin0.03851+0.653%Extended0.03852+0.677%Aster0.03852+0.687%Binance0.03853+0.709%MEXC0.03854+0.732%Bitget0.03854+0.732%Orderly0.03855+0.758%Lighter0.03856+0.784%
Reya
Kraken Futures
BingX
Backpack
ApeX Omni
Hyperliquid
OKX
KuCoin
Extended
Aster
Binance
MEXC
Bitget
Orderly
LightergTrade (Gains Network)0.03857+0.797%
GMX0.03858+0.826%Deribit0.03860+0.889%
GMX
DeribitInjective0.04100+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 | −0.549% | −0.1824% | 1h | $47K | $10K | 25x | as long as short |
| Gate S_USDT | −0.055% | +0.0100% | 4h | $315K | $369K | 50x | as long as short |
| BloFin S-USDT | −0.029% | +0.0340% | 4h | $272K | $259K | 75x | as long as short |
| Bybit SUSDT | −0.004% | +0.0037% | 4h | $5.5M | $9.0M | 50x | as long as short |
| Variational Omni Slong | 0.000% | −0.1380% | 4h | $599K | $117K | — | |
| Reya SRUSDPERP | +0.067% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Kraken Futures PF_SUSD | +0.073% | −0.2334% | 1h | $33K | $41K | 10x | as long as short |
| 01 Exchange SUSD | +0.074% | −0.0072% | 1h | $23K | $3K | 5x | as long as short |
| BingX S-USDT | +0.074% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Backpack S_USDC_PERP | +0.074% | +0.0587% | 1h | $116K | $241K | 5x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni SUSDT | +0.074% | +0.0100% | 1h | $25K | $495K | 50x | as long as short |
| Hyperliquid S | +0.087% | −0.0037% | 1h | $984K | $1.3M | 5x | as long as short |
| OKX S-USDT-SWAP | +0.100% | −0.0056% | 4h | $962K | $11.8M | 20x | as long as short |
| KuCoin SUSDTM | +0.100% | +0.0100% | 4h | $1.8M | $3.7M | 50x | as long as short |
| Extended S-USD | +0.124% | +0.0104% | 1h | $216K | $943K | 10x | as long as short |
| Aster SUSDT | +0.134% | −0.0255% | 4h | $42K | $258K | 10x | as long as short |
| Binance SUSDT | +0.156% | +0.0100% | 4h | $5.2M | $37.9M | 75x | as long as short |
| MEXC S_USDT | +0.178% | +0.0100% | 4h | $3.4M | $3.4M | 200x | as long as short |
| Bitget SUSDT | +0.178% | +0.0100% | 4h | $1.2M | $4.5M | 50x | as long as short |
| Orderly PERP_S_USDC | +0.204% | −0.0095% | 4h | $102K | $322K | 10x | as long as short |
| Lighter S | +0.230% | +0.0096% | 1h | $162K | $304K | 5x | as long as short |
| gTrade (Gains Network) S/USDshort | +0.243% | L +0.0001% / S +0.0006% | 1h | $594 | — | 150x | |
| GMX S/USD [WBTC.b-USDC] | +0.272% | L −0.0173% / S +0.0169% | 1h | $1K | — | 100x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.334% | +0.0009% | 1h | $65K | $10K | 10x | as long as short |
| Injective S/USDC PERP | +6.573% | +0.0033% | 1h | $2K | $88K | 12x | as long as short |