Funding you earn now, next payment 08:00 UTC−0.0172%/8h= −18.9% APRnext payment −$1.72 per $10,000 · paid last 24h −0.036%
Price spread now: Variational Omni against BloFin−0.235%86s7-day average −0.062% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.127%−$13 on $10k
+Price spread, last 4 days (all we have)−0.575%−$57 · spread now −0.235%, 7d avg −0.062%
=Together, before fees−0.701%+ Points / potential airdropVariational Omni: Active · farm board−$70 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.173% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.062%). Swap the legs. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OP-USDT | 0.1278 | 0.0220 | pay 0.0220% / 8h | 5h 15m | $1.0M | $273K | 75x |
| Short | Variational Omni OP | 0.1275 | 0.0048 | get 0.0048% / 8h | 5h 15m | $225K | $50K | — |
BloFin OP-USDT
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against BloFin. 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
- −$36.16
- Price spread: −0.235% → −0.062%
- −$17.3
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$65.46
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 1 min ago; Variational Omni: RFQ quote, 48 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 BloFin live order book, 1 min ago | 7.05 bp | 14.0 bp −$14 | 26.2 bp −$262 | 67.6 bp −$6,763 | doesn't fit |
| Sell Variational Omni RFQ quote, 48 min ago | 7.92 bp | doesn't fit | 23.8 bp −$238 | doesn't fit | doesn't fit |
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 | −0.1488% | 1h | 0.1273 | −0.376% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1276 | −0.131% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1273 | −0.399% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1275 | −0.219% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1277 | −0.089% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0029% | 8h | 0.1273 | −0.383% | $6.2M | $29.1M | 50x | as long as short |
| Variational Omni OPshort | +0.0048% | 8h | 0.1275 | −0.235% | $225K | $50K | — | |
| Orderly PERP_OP_USDC | +0.0053% | 8h | 0.1274 | −0.297% | $6K | $45K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1273 | −0.360% | $281K | $936K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1274 | −0.313% | $3.7M | $2.9M | 5x | 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
OKX OP-USDT-SWAP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1274 | −0.308% | $213K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1273 | −0.376% | $20.6M | $60.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1272 | −0.438% | $18.6M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1273 | −0.337% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1273 | −0.391% | $21.0M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1272 | −0.454% | $2.9M | $6.7M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1273 | −0.376% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1273 | −0.376% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1272 | −0.446% | $121K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1278 | +0.007% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1278 | −0.020% | $315K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1281 | +0.250% | $44K | $706K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1274 | −0.274% | $181 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1276 | −0.164% | $176K | $216K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1272 | −0.427% | $107K | $389K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1273 | −0.337% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0152% | 1h | 0.1278 | +0.016% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDTlong | +0.0220% | 8h | 0.1278 | long leg | $1.0M | $273K | 75x | |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1275 | −0.198% | $709 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0486% | 1h | 0.1276 | −0.156% | $806K | $572K | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Reya OPRUSDPERP
Kraken Futures PF_OPUSD