Funding you earn now, next payment 07:00 UTC−0.0065%/8h= −7.2% APRpaid last 24h −0.004%
Price spread now: Variational Omni against QFEX−0.025%47s7-day average +0.054% · 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)−0.009%−$1 on $10k
+Price spread, last 7 days+0.049%+$5 · spread now −0.025%, 7d avg +0.054%
=Together, before fees+0.040%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.079% cheaper against QFEX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 195.75 | 0.0065 | pay 0.0008% / 1h | 56m 52s | $1.3M | $2.9M | 10x |
| Short | Variational Omni COIN | 195.70 | 0 | get 0.0000% / 8h | 56m 52s | $712K | $975K | — |
QFEX COIN-USD
Variational Omni COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against QFEX. 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
- −$13.73
- Price spread: −0.025% → +0.054%
- −$7.95
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$31.67
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 6 min ago; Variational Omni: RFQ quote, 37 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 QFEX live order book, 6 min ago | 1.28 bp | 6.3 bp −$6 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 37 min ago | 2.87 bp | doesn't fit | 12.4 bp −$124 | doesn't fit | doesn't fit |
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 | −0.0522% | 8h | 196.01 | +0.133% | $6.4M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.65 | −0.051% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0072% | 1h | 195.25 | −0.255% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.83 | +0.040% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.88 | +0.069% | $104K | $859K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.88 | +0.066% | $15.0M | $82.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.85 | +0.051% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.84 | +0.046% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.92 | +0.087% | $1.2M | $7.3M | 50x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 195.70 | −0.025% | $712K | $975K | — |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.79 | +0.020% | $12K | $2.8M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.88 | +0.066% | $460K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.07 | +0.163% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.81 | +0.031% | $15.2M | $13.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.67 | −0.041% | $130K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.79 | +0.020% | $90 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.59 | −0.082% | $443K | $2.8M | 10x | as long as short |
| Lighter COIN | +0.0056% | 1h | 195.86 | +0.058% | $364K | $2.3M | 10x | as long as short |
| QFEX COIN-USDlong | +0.0065% | 1h | 195.75 | long leg | $1.3M | $2.9M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.78 | +0.015% | $987K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.64 | −0.056% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.87 | +0.061% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.89 | +0.073% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.90 | +0.077% | $187K | $435K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.86 | +0.056% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0364% | 4h | 195.73 | −0.008% | $50K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC