Funding you earn now, next payment 06:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.004%
Price spread now: QFEX against Variational Omni−0.010%7-day average −0.053% · 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−0.010%−$1 · spread now −0.010%, 7d avg −0.053%
=Together, before fees−0.001%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.043% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COIN | 196.56 | 0 | get 0.0000% / 8h | 2h 47m | $703K | $955K | — |
| Short | QFEX COIN-USD | 196.54 | 0.0038 | get 0.0005% / 1h | 47m 58s | $1.3M | $3.1M | 10x |
Variational Omni COIN
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $7.96
- Price spread: −0.010% → −0.053%
- $4.29
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $2.26
- Costs to cover
- 0.100%
- Break-even
- 5.0 days
Slippage unknown: Variational Omni: RFQ quote, 56 min ago; QFEX: live order book, 5 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, 56 min ago | 3.40 bp | doesn't fit | 33.5 bp −$335 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.27 bp | 6.3 bp −$6 | 8.6 bp −$86 | 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 | −0.0726% | 8h | 196.66 | +0.051% | $6.3M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.43 | −0.066% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0216% | 8h | 196.58 | +0.010% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0114% | 1h | 195.88 | −0.346% | — | $281K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.38 | −0.094% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.48 | −0.043% | $114K | $857K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.55 | −0.006% | $14.7M | $80.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.49 | −0.036% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.64 | +0.040% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COINlong | 0.0000% | 8h | 196.56 | long leg | $703K | $955K | — |
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 | 196.57 | +0.005% | $23K | $2.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.48 | −0.039% | $383K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.44 | −0.061% | $453K | $1.5M | 10x | as long as short |
| QFEX COIN-USDshort | +0.0038% | 1h | 196.54 | −0.010% | $1.3M | $3.1M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 196.56 | 0.000% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.42 | −0.072% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.42 | −0.072% | $132K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.57 | +0.005% | $72 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.36 | −0.102% | $351K | $2.7M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 196.43 | −0.066% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.32 | −0.122% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.44 | −0.061% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.55 | −0.005% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.58 | +0.010% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.58 | +0.010% | $188K | $393K | 20x | as long as short |
| edgeX COINUSDC | +0.0194% | 4h | 196.32 | −0.123% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC