Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Variational Omni against Orderly−0.089%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.089% cheaper against Orderly than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_COIN_USDC_mythos | 198.54 | 0.0100 | pay 0.0100% / 8h | 5h 02m | $574 | $4K | 10x |
| Short | Variational Omni COIN | 198.36 | 0 | get 0.0000% / 8h | 5h 02m | $783K | $908K | — |
Orderly PERP_COIN_USDC_mythos
Variational Omni COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Orderly. 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
- −$21
- Price spread: −0.089% → 0.000%
- −$8.94
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$35.94
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 45 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 45 min ago | 2.87 bp | doesn't fit | 19.1 bp −$191 | doesn't fit | doesn't fit |
Orderly: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.59 | −0.478% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.63 | +0.043% | $346K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.56 | +0.012% | $106K | $852K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.62 | +0.040% | $14.6M | $74.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.61 | +0.035% | $4.7M | $5.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.75 | +0.106% | $3.1M | $4.2M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.70 | +0.081% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.81 | +0.136% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 198.36 | −0.089% | $783K | $908K | — | |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.34 | −0.100% | $22K | $3.3M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 198.63 | +0.045% | $1.3M | $2.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.65 | +0.055% | $344K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.65 | +0.055% | $483K | $1.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.80 | +0.131% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.55 | +0.005% | — | $277K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.57 | +0.015% | $14.7M | $11.1M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.54 | 0.000% | $122K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.58 | +0.020% | $94 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.60 | +0.030% | $323K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 198.23 | −0.156% | $5K | $256K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.46 | −0.040% | $936K | $249K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.05 | −0.247% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythoslong | +0.0100% | 8h | 198.54 | long leg | $574 | $4K | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 198.56 | +0.009% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.71 | +0.086% | $195K | $481K | 20x | as long as short |
| edgeX COINUSDC | +0.0221% | 4h | 198.32 | −0.112% | $51K | $294K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC