Funding you earn now, next payment 05:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h −0.029%
Price spread now: Variational Omni against Aevo−0.037%7-day average — · 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)—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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.037% cheaper against Aevo than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo OP-PERP | 0.1262 | 0.0104 | pay 0.0013% / 1h | 13m 22s | $3K | $1K | 3x |
| Short | Variational Omni OP | 0.1262 | 0.0042 | get 0.0042% / 8h | 3h 13m | $223K | $48K | — |
Aevo OP-PERP
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Aevo. 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
- −$12.96
- Price spread: −0.037% → 0.000%
- −$3.73
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$32.69
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 41 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 41 min ago | 7.86 bp | doesn't fit | 23.6 bp −$236 | doesn't fit | doesn't fit |
Aevo: 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.
OP on 30 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 OP/USDC PERP | −0.1568% | 1h | 0.1258 | −0.317% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1262 | +0.027% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1263 | +0.077% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1262 | 0.000% | $42K | $138K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1263 | +0.059% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1270 | +0.634% | $25K | $56K | 50x | as long as short |
| Variational Omni OPshort | +0.0042% | 8h | 0.1262 | −0.037% | $223K | $48K | — | |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1262 | 0.000% | $6K | $46K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0057% | 1h | 0.1263 | +0.066% | $774K | $548K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0093% | 8h | 0.1262 | +0.008% | $6.2M | $28.4M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTX
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1263 | +0.055% | $275K | $947K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1264 | +0.143% | $3.7M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1263 | +0.102% | $211K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1262 | +0.034% | $20.3M | $60.9M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1261 | −0.048% | $18.5M | $24.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1263 | +0.040% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1263 | +0.040% | $21.2M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1261 | −0.079% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1262 | 0.000% | $5.8M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1262 | +0.008% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1261 | −0.048% | $117K | $206K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1263 | +0.099% | $4K | $390K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1263 | +0.049% | $316K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1265 | +0.238% | $43K | $709K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1262 | 0.000% | $197 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1263 | +0.103% | $171K | $229K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1261 | −0.054% | $102K | $393K | 25x | as long as short |
| Aevo OP-PERPlong | +0.0104% | 1h | 0.1262 | long leg | $3K | $1K | 3x | |
| BloFin OP-USDT | +0.0220% | 8h | 0.1263 | +0.055% | $1.0M | $280K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1262 | +0.017% | $702 | — | 20x | as long as short |
Lighter OP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
BloFin OP-USDT
Reya OPRUSDPERP