Spread before costs (cost unknown: a leg has no order-book sample)−0.244%
7d average—if it closes, per $10,000$24funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni USUAL | 0.01356 | 0.0100 | pay 0.0050% / 4h | 1h 38m | $9K | $21 | — |
| Short | Bybit USUALUSDT | 0.01353 | 0.0100 | get 0.0050% / 4h | 1h 38m | $994K | $975K | 25x |
Variational Omni USUAL
Bybit USUALUSDTPrice 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
- −$24.41
- Funding while held
- $0
- 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
- −$35.41
- Spread needed to break even
- 0.110%
Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 38 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 38 min ago | 4.80 bp | 38.9 bp −$39 | 198.8 bp −$1,988 | doesn't fit | doesn't fit |
Variational Omni: 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.
USUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.01332cheapestBinance0.01350+1.370%MEXC0.01351+1.396%Kraken Futures0.01351+1.441%Hyperliquid0.01352+1.502%Gate0.01352+1.502%Bitget0.01352+1.502%BingX0.01352+1.502%
Injective
Binance
MEXC
Kraken Futures
Hyperliquid
Gate
Bitget
BingXBybit0.01353+1.577%
KuCoin0.01355+1.727%
KuCoinVariational Omni0.01356+1.825%
USUAL on 11 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −1.792% | −0.4967% | 1h | $6K | $39K | 5.5x | as long as short |
| Binance USUALUSDT | −0.447% | +0.0100% | 4h | $2.1M | $3.6M | 50x | as long as short |
| MEXC USUAL_USDT | −0.421% | +0.0100% | 4h | $5.9M | $298K | 100x | as long as short |
| Kraken Futures PF_USUALUSD | −0.377% | −0.1168% | 1h | $110K | $26K | 10x | as long as short |
| Hyperliquid USUAL | −0.318% | +0.0100% | 1h | $394K | $234K | 3x | as long as short |
| Gate USUAL_USDT | −0.318% | +0.0100% | 8h | $906K | $261K | 50x | as long as short |
| Bitget USUALUSDT | −0.318% | +0.0100% | 4h | $821K | $540K | 50x | as long as short |
| BingX USUAL-USDT | −0.318% | +0.0100% | 4h | — | $1.2M | — | as long as short |
| Bybit USUALUSDTshort | −0.244% | +0.0100% | 4h | $994K | $975K | 25x | |
| KuCoin USUALUSDTM | −0.097% | +0.0100% | 4h | $285K | $67K | 20x | as long as short |
Show all 11 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni USUALlong | 0.000% | +0.0100% | 4h | $9K | $21 | — |