Funding you earn now, next payment 05:00 UTC+0.0562%/8h= +61.5% APRpaid last 24h +0.009%
Price spread now: Variational Omni against tradeXYZ+0.174%7-day average +0.057% · 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)−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.174%, 7d avg +0.057%
=Together, before fees−0.003%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Variational Omni is 0.117% dearer against tradeXYZ than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.057%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.014% in total (about -1.4% a year). A funding rate is set anew for every payment. 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 | tradeXYZ xyz:DELL | 574.11 | 0.0050 | pay 0.0006% / 1h | 39m 20s | $7.5M | $7.0M | 10x |
| Short | Variational Omni DELL | 575.11 | 0.0612 | get 0.0612% / 8h | 3h 39m | $262K | $64K | — |
tradeXYZ xyz:DELL
Variational Omni DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against tradeXYZ. 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
- $117.96
- Price spread: +0.174% → +0.057%
- $11.7
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $111.66
- Costs to cover
- 0.180%
- Break-even
- 0.4 days
Slippage unknown: tradeXYZ: live order book, 9 min ago; Variational Omni: RFQ quote, 15 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 tradeXYZ live order book, 9 min ago | 0.78 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 15 min ago | 3.23 bp | doesn't fit | 32.0 bp −$320 | doesn't fit | doesn't fit |
DELL on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster DELLUSDT | 0.0000% | 8h | 574.40 | +0.051% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 574.43 | +0.056% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 574.65 | +0.094% | $3.6M | $4.6M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 574.92 | +0.141% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.425% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELLlong | +0.0050% | 1h | 574.11 | long leg | $7.5M | $7.0M | 10x | |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 574.30 | +0.033% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 574.35 | +0.042% | $940K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 574.96 | +0.148% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 575.58 | +0.256% | $17K | $59K | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
Polymarket Perps DELL-USD
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DELLUSDT | +0.0187% | 8h | 574.34 | +0.040% | $6.1M | $3.9M | 50x | as long as short |
| OKX DELL-USDT-SWAP | +0.0389% | 8h | 574.44 | +0.057% | $5.8M | $6.6M | 20x | as long as short |
| edgeX DELLUSDC | +0.0458% | 4h | 575.21 | +0.192% | $5K | $333K | 10x | as long as short |
| Variational Omni DELLshort | +0.0612% | 8h | 575.11 | +0.174% | $262K | $64K | — | |
| GRVT DELL_USDT_Perp | +0.0636% | 8h | 575.31 | +0.209% | $915 | $153K | 10x | as long as short |
| BloFin DELL-USDT | +0.0677% | 8h | 575.35 | +0.216% | $322K | $219K | 20x | as long as short |
| Extended DELL-USD | +0.0704% | 1h | 574.40 | +0.050% | $333K | $1.2M | 10x | as long as short |
| Binance DELLUSDT | +0.0705% | 8h | 574.44 | +0.057% | $18.5M | $65.9M | 20x | as long as short |
| Nado DELL-PERP | +0.0834% | 1h | 574.59 | +0.084% | $69K | $19K | 10x | as long as short |
| Phoenix DELL | +0.1040% | 1h | 575.17 | +0.185% | $3K | $260K | 10x | as long as short |
Bybit DELLUSDT
OKX DELL-USDT-SWAP
edgeX DELLUSDC
GRVT DELL_USDT_Perp
BloFin DELL-USDT
Extended DELL-USD
Binance DELLUSDT
Nado DELL-PERP
Phoenix DELL