Spread before costs (cost unknown: a leg has no order-book sample)−0.319%
7d average—if it closes, per $10,000$32funding while held, a day+$10.77
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit W_USDC-PERPETUAL | 0.01178 | −0.0259 | get 0.0032% / 1h | 16m 32s | $18K | $351 | 10x |
| Short | Variational Omni W | 0.01175 | 0.0100 | get 0.0050% / 4h | 1h 16m | $71K | $42K | — |
Deribit W_USDC-PERPETUAL
Variational Omni WPrice 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
- −$31.9
- Funding while held
- $10.77
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$28.13
- Spread needed to break even
- 0.070%
Slippage unknown: Deribit: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0359%
- Per $10,000 a day
- +$10.77
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Deribit 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 price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.01173cheapestOKX0.01174+0.068%
Bybit
OKXVariational Omni0.01175+0.106%
KuCoin0.01176+0.230%Binance0.01178+0.358%BingX0.01178+0.366%Gate0.01178+0.392%Hyperliquid0.01178+0.401%Bitget0.01178+0.401%Extended0.01178+0.425%MEXC0.01178+0.426%
KuCoin
Binance
BingX
Gate
Hyperliquid
Bitget
Extended
MEXCDeribit0.01178+0.426%
Backpack0.01179+0.503%Kraken Futures0.01181+0.654%Coinbase International0.01183+0.827%Injective0.01209+3.043%
Backpack
Kraken Futures
Coinbase International
InjectiveW on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit WUSDT | −0.424% | +0.0100% | 4h | $4.1M | $2.2M | 50x | as long as short |
| OKX W-USDT-SWAP | −0.356% | +0.0100% | 4h | $1.3M | $2.3M | 20x | as long as short |
| Variational Omni Wshort | −0.319% | +0.0100% | 4h | $71K | $42K | — | |
| KuCoin WUSDTM | −0.195% | +0.0100% | 4h | $416K | $244K | 50x | as long as short |
| Binance WUSDT | −0.068% | +0.0100% | 4h | $3.0M | $8.1M | 50x | as long as short |
| BingX W-USDT | −0.059% | +0.0100% | 4h | — | $6.9M | — | as long as short |
| Gate W_USDT | −0.034% | +0.0100% | 4h | $446K | $326K | 75x | as long as short |
| Hyperliquid W | −0.025% | +0.0100% | 1h | $2.0M | $569K | 5x | as long as short |
| Bitget WUSDT | −0.025% | +0.0100% | 4h | $1.2M | $580K | 50x | as long as short |
| Extended W-USD | −0.002% | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC W_USDT | 0.000% | +0.0100% | 4h | $12.3M | $1.4M | 50x | as long as short |
| Deribit W_USDC-PERPETUALlong | 0.000% | −0.0259% | 1h | $18K | $351 | 10x | |
| Backpack W_USDC_PERP | +0.076% | +0.0100% | 1h | $39K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.227% | +0.0895% | 1h | $147K | $194K | 20x | as long as short |
| Coinbase International W-PERP-INTX | +0.399% | +0.0024% | 1h | $14K | $20K | 50x | as long as short |
| Injective W/USDC PERP | +2.605% | +0.0033% | 1h | $1K | $23K | 12x | as long as short |