S

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.43 per $10,000 · paid last 24h +0.269%

Price spread now: Orderly against Variational Omni+0.179%7-day average +0.153% · you sell dearer than you buy

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.447%+$45 on $10k

Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.179%, 7d avg +0.153%

Together, before fees+0.114%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.025% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni S	0.04030	−0.0002	get 0.0001% / 4h	1h 32m	$626K	$24K	—
Short	Orderly PERP_S_USDC	0.04037	0.0085	get 0.0042% / 4h	1h 32m	$100K	$577K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 it

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 OrderlybpOrdersPrice spread, now +0.179%Rate

Funding earned: $18.25
Price spread: +0.179% → +0.153%: $2.54
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $14.8
Costs to cover: 0.060%
Break-even: 1.3 days

Slippage unknown: Variational Omni: RFQ quote, 11 min ago; Orderly: 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, 11 min ago	8.66 bp	doesn't fit	139.8 bp −$1,398	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
01 Exchange SUSD	−0.7776%	1h	0.03940	−2.228%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2390%	1h	0.04034	+0.098%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−1.707%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04031	+0.032%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04035	+0.126%	$4	—	15x	as long as short
Variational Omni Slong	−0.0002%	4h	0.04030	long leg	$626K	$24K	—
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04036	+0.154%	$622	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.742%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDCshort	+0.0085%	4h	0.04037	+0.179%	$100K	$577K	10x
Lighter S	+0.0096%	1h	0.04042	+0.303%	$173K	$139K	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	0.04039	+0.221%	$1.0M	$595K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04038	+0.196%	$48K	$110K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04038	+0.195%	$5.7M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04033	+0.080%	$5.8M	$4.2M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04035	+0.129%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04028	−0.045%	$328K	$179K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04037	+0.179%	$4.1M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04035	+0.129%	$1.8M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04037	+0.179%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04033	+0.080%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04050	+0.501%	$24K	$491K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04035	+0.118%	$233K	$598K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04031	+0.030%	$279K	$116K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0493%	1h	0.04040	+0.253%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1570%	1h	0.04040	+0.253%	$117K	$426K	5x	as long as short