Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.007%
Price spread now: Variational Omni against Ondo Perps+0.131%7-day average +0.094% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.062%−$6 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now +0.131%, 7d avg +0.094%
=Together, before fees−0.035%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.037% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.094%): +$4 on $10k if it goes back. Holding the pair costs −$2 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 | Ondo Perps COIN-USD.P | 196.85 | 0.0050 | pay 0.0006% / 1h | 37m 14s | $348K | $2.8M | 10x |
| Short | Variational Omni COIN | 197.11 | 0 | get 0.0000% / 8h | 4h 37m | $683K | $938K | — |
Ondo Perps COIN-USD.P
Variational Omni COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.58
- Price spread: +0.131% → +0.094%
- $3.69
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$11.9
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 12 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 12 min ago | 2.87 bp | doesn't fit | 22.8 bp −$228 | doesn't fit | doesn't fit |
Ondo Perps: 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.
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0743% | 8h | 197.03 | +0.091% | $6.2M | $10.3M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.96 | +0.056% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0211% | 8h | 196.92 | +0.036% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0086% | 1h | 196.41 | −0.224% | — | $277K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.20 | +0.176% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.83 | −0.010% | $119K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.89 | +0.020% | $15.0M | $78.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.80 | −0.025% | $4.8M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.82 | −0.015% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 197.11 | +0.131% | $683K | $938K | — |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.13 | +0.144% | $17K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 197.05 | +0.102% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.76 | −0.047% | $350K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.74 | −0.056% | $450K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.18 | +0.168% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.75 | −0.051% | $15.4M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.84 | −0.005% | $126K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.86 | +0.005% | $59 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.Plong | +0.0050% | 1h | 196.85 | long leg | $348K | $2.8M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.94 | +0.046% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.91 | +0.030% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.87 | +0.010% | $569 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.80 | −0.027% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.98 | +0.066% | $188K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.00 | +0.076% | $4K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0267% | 4h | 197.13 | +0.142% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC