Funding you earn now, next payment 08:00 UTC−0.0219%/8h= −24.0% APRnext payment −$2.19 per $10,000 · paid last 24h +0.057%
Price spread now: Gate against Variational Omni+0.041%7-day average +0.013% · 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)+0.040%+$4 on $10k
+Price spread, last 7 days+0.005%+$1 · spread now +0.041%, 7d avg +0.013%
=Together, before fees+0.045%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.028% dearer against Variational Omni than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of +0.013%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.040% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COIN | 196.67 | 0 | get 0.0000% / 8h | 3h 21m | $683K | $939K | — |
| Short | Gate COIN_USDT | 196.75 | −0.0219 | pay 0.0219% / 8h | 3h 21m | $1.2M | $7.3M | 50x |
Variational Omni COIN
Gate COIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Variational Omni. 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
- −$45.99
- Price spread: +0.041% → +0.013%
- $2.81
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$58.18
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 23 min ago; Gate: live order book, 2 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 Variational Omni RFQ quote, 23 min ago | 3.40 bp | doesn't fit | 33.5 bp −$335 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 4.84 bp | 16.1 bp −$16 | 48.2 bp −$482 | 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 | −0.0742% | 8h | 196.84 | +0.087% | $6.2M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.19 | −0.243% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDTshort | −0.0219% | 8h | 196.75 | +0.041% | $1.2M | $7.3M | 50x | |
| Vest COIN-USD-PERP | −0.0107% | 1h | 195.97 | −0.355% | — | $262K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.62 | −0.023% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.74 | +0.034% | $116K | $643K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.79 | +0.062% | $14.7M | $80.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.78 | +0.057% | $4.8M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.75 | +0.041% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COINlong | 0.0000% | 8h | 196.67 | long leg | $683K | $939K | — |
Bitget COINUSDT
Injective COIN/USDC PERP
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 | 196.53 | −0.070% | $16K | $2.4M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.71 | +0.021% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.31 | −0.182% | $454K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.55 | −0.060% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.58 | −0.045% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.58 | −0.045% | $133K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.50 | −0.086% | $90 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.34 | −0.167% | $359K | $2.7M | 10x | as long as short |
| Lighter COIN | +0.0064% | 1h | 196.34 | −0.167% | $387K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.72 | +0.026% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.32 | −0.177% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.66 | −0.004% | $569 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.65 | −0.011% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.38 | −0.147% | $187K | $392K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.28 | −0.198% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0712% | 4h | 196.31 | −0.181% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
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