Spread before costs (cost unknown: a leg has no order-book sample)+4.418%
7d average—if it closes, per $10,000$442funding while held, a day+$394.60
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange SUSD | 0.03820 | −1.4264 | get 0.1783% / 1h | 5m 15s | $23K | $3K | 5x |
| Short | Variational Omni S | 0.03989 | −0.1111 | pay 0.0555% / 4h | 1h 05m | $622K | $124K | — |
Variational Omni SPrice 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
- $441.79
- Funding while held
- $394.6
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $829.38
- Spread needed to break even
- 0.070%
Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 50 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +1.3153%
- Per $10,000 a day
- +$394.60
- 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 50 min ago | 7.70 bp | doesn't fit | 71.9 bp −$719 | doesn't fit | doesn't fit |
01 Exchange: 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 International0.03811cheapestReya0.03983+4.506%Kraken Futures0.03983+4.507%Gate0.03984+4.539%Extended0.03985+4.561%Bybit0.03986+4.592%BingX0.03986+4.592%Hyperliquid0.03986+4.605%Orderly0.03987+4.618%BloFin0.03987+4.618%Binance0.03988+4.634%OKX0.03988+4.644%MEXC0.03988+4.644%GMX0.03988+4.652%
Coinbase International
Reya
Kraken Futures
Gate
Extended
Bybit
BingX
Hyperliquid
Orderly
BloFin
Binance
OKX
MEXC
GMXVariational Omni0.03989+4.664%
gTrade (Gains Network)0.03989+4.668%KuCoin0.03989+4.671%Aster0.03989+4.675%Bitget0.03990+4.697%Lighter0.03992+4.749%Deribit0.03993+4.776%Backpack0.04000+4.959%ApeX Omni0.04000+4.959%
gTrade (Gains Network)
KuCoin
Aster
Bitget
Lighter
Deribit
Backpack
ApeX OmniInjective0.04100+7.583%
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 | −0.236% | −0.2344% | 1h | $47K | $12K | 25x | as long as short |
| 01 Exchange SUSDlong | 0.000% | −1.4264% | 1h | $23K | $3K | 5x | |
| Reya SRUSDPERP | +4.260% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Kraken Futures PF_SUSD | +4.261% | −0.1632% | 1h | $34K | $48K | 10x | as long as short |
| Gate S_USDT | +4.293% | +0.0100% | 4h | $334K | $405K | 50x | as long as short |
| Extended S-USD | +4.315% | +0.0104% | 1h | $224K | $946K | 10x | as long as short |
| Bybit SUSDT | +4.346% | +0.0100% | 4h | $5.7M | $9.5M | 50x | as long as short |
| BingX S-USDT | +4.346% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Hyperliquid S | +4.359% | +0.0100% | 1h | $1.1M | $1.5M | 5x | as long as short |
| Orderly PERP_S_USDC | +4.372% | −0.0211% | 4h | $105K | $336K | 10x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin S-USDT | +4.372% | +0.0340% | 4h | $287K | $249K | 75x | as long as short |
| Binance SUSDT | +4.388% | +0.0100% | 4h | $5.4M | $40.8M | 75x | as long as short |
| OKX S-USDT-SWAP | +4.398% | +0.0100% | 4h | $1.0M | $12.9M | 20x | as long as short |
| MEXC S_USDT | +4.398% | +0.0100% | 4h | $3.7M | $3.5M | 200x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +4.406% | L −0.0370% / S +0.0342% | 1h | $1K | — | 100x | as long as short |
| Variational Omni Sshort | +4.418% | −0.1111% | 4h | $622K | $124K | — | |
| gTrade (Gains Network) S/USD | +4.421% | L +0.0001% / S +0.0006% | 1h | $615 | — | 150x | as long as short |
| KuCoin SUSDTM | +4.424% | +0.0100% | 4h | $1.9M | $3.9M | 50x | as long as short |
| Aster SUSDT | +4.429% | −0.0278% | 4h | $47K | $260K | 10x | as long as short |
| Bitget SUSDT | +4.450% | +0.0100% | 4h | $1.2M | $4.7M | 50x | as long as short |
| Lighter S | +4.503% | +0.0096% | 1h | $168K | $337K | 5x | as long as short |
| Deribit S_USDC-PERPETUAL | +4.529% | +0.0251% | 1h | $67K | $12K | 10x | as long as short |
| Backpack S_USDC_PERP | +4.712% | +0.0104% | 1h | $124K | $207K | 5x | as long as short |
| ApeX Omni SUSDT | +4.712% | +0.0100% | 1h | $25K | $500K | 50x | as long as short |
| Injective S/USDC PERP | +7.330% | +0.0033% | 1h | $2K | $193K | 12x | as long as short |