Funding you earn now, next payment 08:00 UTC−0.0256%/8h= −28.1% APRpaid last 24h −0.008%
Price spread now: tradeXYZ against Variational Omni−0.096%7-day average −0.060% · 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)+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.258%+$26 · spread now −0.096%, 7d avg −0.060%
=Together, before fees+0.274%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and tradeXYZ is 0.035% cheaper against Variational Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.017% in total (about 1.7% 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 | Variational Omni DELL | 573.79 | 0.0361 | pay 0.0361% / 8h | 32m 44s | $259K | $61K | — |
| Short | tradeXYZ xyz:DELL | 573.24 | 0.0105 | get 0.0013% / 1h | 32m 44s | $7.5M | $6.9M | 10x |
Variational Omni DELL
tradeXYZ xyz:DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$53.8
- Price spread: −0.096% → −0.060%
- −$3.54
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$75.34
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 6 min ago; tradeXYZ: live order book, 6 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, 6 min ago | 4.15 bp | doesn't fit | 60.7 bp −$607 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 1.05 bp | 11.6 bp −$12 | doesn't fit | 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 | 573.14 | −0.113% | $20K | $49K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 573.79 | 0.000% | $4.1M | $7.0M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 573.79 | 0.000% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 574.19 | +0.070% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.369% | $8K | $83K | 12x | as long as short |
| Bybit DELLUSDT | +0.0040% | 8h | 573.65 | −0.024% | $6.1M | $4.0M | 50x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 573.36 | −0.075% | $940K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 574.37 | +0.101% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 573.95 | +0.028% | $18K | $58K | 10x | as long as short |
| tradeXYZ xyz:DELLshort | +0.0105% | 1h | 573.24 | −0.096% | $7.5M | $6.9M | 10x |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
Bybit DELLUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USD | +0.0138% | 1h | 573.64 | −0.026% | $7K | $55K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0196% | 8h | 573.78 | −0.001% | $5.9M | $6.8M | 20x | as long as short |
| Variational Omni DELLlong | +0.0361% | 8h | 573.79 | long leg | $259K | $61K | — | |
| BloFin DELL-USDT | +0.0448% | 8h | 574.05 | +0.046% | $325K | $234K | 20x | as long as short |
| Extended DELL-USD | +0.0456% | 1h | 573.64 | −0.026% | $333K | $2.6M | 10x | as long as short |
| Binance DELLUSDT | +0.0456% | 8h | 573.80 | +0.002% | $18.4M | $66.8M | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0488% | 8h | 573.84 | +0.008% | $832 | $146K | 10x | as long as short |
| Nado DELL-PERP | +0.0624% | 1h | 573.54 | −0.044% | $69K | $20K | 10x | as long as short |
| edgeX DELLUSDC | +0.0645% | 4h | 573.87 | +0.014% | $5K | $334K | 10x | as long as short |
| Phoenix DELL | +0.0893% | 1h | 574.01 | +0.039% | $3K | $228K | 10x | as long as short |
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAP
BloFin DELL-USDT
Extended DELL-USD
Binance DELLUSDT
GRVT DELL_USDT_Perp
Nado DELL-PERP
edgeX DELLUSDC
Phoenix DELL