Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.021%
Price spread now: Variational Omni against SoDEX+0.282%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Variational Omni is 0.282% dearer against SoDEX than usual: you sell high and buy low (spread +0.282% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX COIN-USD | 197.01 | 0.0050 | pay 0.0006% / 1h | 54m 28s | $80 | $3K | 10x |
| Short | Variational Omni COIN | 197.57 | 0 | get 0.0000% / 8h | 6h 54m | $670K | $831K | — |
SoDEX COIN-USD
Variational Omni COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against SoDEX. 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
- −$10.5
- Price spread: +0.282% → 0.000%
- $28.25
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $9.75
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 30 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 30 min ago | 3.39 bp | doesn't fit | 28.6 bp −$286 | doesn't fit | doesn't fit |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.18 | +0.086% | $17K | $224K | 30x | as long as short |
| Ondo Perps COIN-USD.P | −0.0153% | 1h | 196.75 | −0.132% | $380K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:COIN | −0.0016% | 1h | 196.87 | −0.071% | $14.8M | $12.0M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0016% | 1h | 196.73 | −0.142% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.37 | +0.181% | $344K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.13 | +0.061% | $4.6M | $5.7M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.16 | +0.076% | $3.1M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 196.97 | −0.020% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.01 | 0.000% | $6.4M | $10.1M | 20x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 197.57 | +0.282% | $670K | $831K | — |
Injective COIN/USDC PERP
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.88 | +0.442% | $15K | $3.0M | 10x | as long as short |
| Binance COINUSDT | +0.0012% | 8h | 197.12 | +0.056% | $14.6M | $79.2M | 20x | as long as short |
| Extended COIN_24_5-USD | +0.0016% | 1h | 196.72 | −0.147% | $105K | $848K | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.66 | −0.177% | $343K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.70 | −0.157% | $470K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 196.84 | −0.086% | $1.3M | $2.7M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.97 | −0.020% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.74 | −0.137% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USDlong | +0.0050% | 1h | 197.01 | long leg | $80 | $3K | 10x | |
| BloFin COIN-USDT | +0.0072% | 8h | 197.12 | +0.056% | $189K | $487K | 20x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.91 | −0.051% | $929K | $231K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.85 | +0.426% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.11 | +0.051% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.07 | +0.028% | $116 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 197.73 | +0.365% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDC | +0.0887% | 4h | 197.67 | +0.337% | $51K | $293K | 10x | as long as short |
GRVT COIN_USDT_Perp
Binance COINUSDT
Extended COIN_24_5-USD
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Polymarket Perps COIN-USD
BloFin COIN-USDT
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC