W

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.038%

Price spread now: Variational Omni against Coinbase International+0.243%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Variational Omni is 0.243% dearer against Coinbase International than usual: you sell high and buy low (spread +0.243% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International W-PERP-INTX	0.01170	0.0440	pay 0.0055% / 1h	2m 16s	$14K	$14K	50x
Short	Variational Omni W	0.01173	0.0100	get 0.0050% / 4h	3h 02m	$71K	$39K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. 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 Coinbase InternationalbpFee Variational OmnibpOrdersPrice spread, now +0.243%Rate

Funding earned: −$71.4
Price spread: +0.243% → 0.000%: $24.31
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$57.09
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Variational Omni: 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Coinbase International and 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.

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0177%	1h	0.01170	−0.026%	$14K	$3K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+3.316%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01171	+0.068%	$2.0M	$304K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01170	−0.034%	$2.9M	$5.6M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01168	−0.162%	$4.1M	$1.6M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01169	−0.085%	$1.3M	$1.6M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01168	−0.188%	$428K	$260K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01170	−0.026%	$12.5M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01168	−0.188%	$382K	$197K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01170	−0.017%	$1.3M	$548K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01169	−0.111%	—	$6.7M	—	as long as short
Variational Omni Wshort	+0.0100%	4h	0.01173	+0.243%	$71K	$39K	—
GRVT W_USDT_Perp	+0.0100%	4h	0.01174	+0.325%	$126K	$386K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01170	−0.057%	$60K	$151K	5x	as long as short
Coinbase International W-PERP-INTXlong	+0.0440%	1h	0.01170	long leg	$14K	$14K	50x
Backpack W_USDC_PERP	+0.1157%	1h	0.01172	+0.128%	$43K	$42K	15x	as long as short
Kraken Futures PF_WUSD	+0.1786%	1h	0.01172	+0.161%	$145K	$185K	20x	as long as short