Spread before costs (cost unknown: a leg has no order-book sample)+0.135%
7d average—if it closes, per $10,000$14funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC W_USDT | 0.01175 | 0.0100 | pay 0.0050% / 4h | 1h 15m | $12.2M | $1.5M | 50x |
| Short | Variational Omni W | 0.01177 | 0.0100 | get 0.0050% / 4h | 1h 15m | $71K | $42K | — |
MEXC W_USDT
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
- $13.54
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $9.54
- Spread needed to break even
- 0.040%
Slippage unknown: MEXC: live order book, 4 min ago; Variational Omni: no order-book sample. 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 MEXC live order book, 4 min ago | 1.27 bp | 8.4 bp −$8 | 53.4 bp −$534 | 84.9 bp −$8,493 | 164.8 bp −$82.4K |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
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+0.102%BingX0.01174+0.111%Binance0.01175+0.174%Extended0.01175+0.178%Hyperliquid0.01175+0.179%
Bybit
OKX
BingX
Binance
Extended
HyperliquidMEXC0.01175+0.188%
KuCoin0.01176+0.264%Bitget0.01176+0.264%Deribit0.01176+0.273%
KuCoin
Bitget
DeribitVariational Omni0.01177+0.323%
Gate0.01177+0.358%Backpack0.01177+0.367%Coinbase International0.01178+0.418%Kraken Futures0.01178+0.476%Injective0.01209+3.078%
Gate
Backpack
Coinbase International
Kraken Futures
InjectiveW on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit WUSDT | −0.187% | +0.0100% | 4h | $4.1M | $2.2M | 50x | as long as short |
| OKX W-USDT-SWAP | −0.085% | +0.0100% | 4h | $1.3M | $2.3M | 20x | as long as short |
| BingX W-USDT | −0.077% | +0.0100% | 4h | — | $6.9M | — | as long as short |
| Binance WUSDT | −0.014% | +0.0100% | 4h | $3.0M | $8.1M | 50x | as long as short |
| Extended W-USD | −0.010% | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
| Hyperliquid W | −0.009% | +0.0100% | 1h | $2.0M | $569K | 5x | as long as short |
| MEXC W_USDTlong | 0.000% | +0.0100% | 4h | $12.2M | $1.5M | 50x | |
| KuCoin WUSDTM | +0.077% | +0.0100% | 4h | $416K | $244K | 50x | as long as short |
| Bitget WUSDT | +0.077% | +0.0100% | 4h | $1.2M | $581K | 50x | as long as short |
| Deribit W_USDC-PERPETUAL | +0.085% | −0.0260% | 1h | $18K | $351 | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni Wshort | +0.135% | +0.0100% | 4h | $71K | $42K | — | |
| Gate W_USDT | +0.170% | +0.0100% | 4h | $445K | $326K | 75x | as long as short |
| Backpack W_USDC_PERP | +0.179% | +0.0100% | 1h | $39K | $47K | 15x | as long as short |
| Coinbase International W-PERP-INTX | +0.230% | +0.0024% | 1h | $14K | $20K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.288% | +0.0897% | 1h | $146K | $194K | 20x | as long as short |
| Injective W/USDC PERP | +2.885% | +0.0033% | 1h | $1K | $23K | 12x | as long as short |