Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h −0.033%
Price spread now: Variational Omni against edgeX+0.657%104s7-day average −0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.598%−$60 · spread now +0.657%, 7d avg −0.002%
=Together, before fees−0.650%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$65 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.658% dearer against edgeX than usual: you sell high and buy low (spread +0.657% now, against its 7-day average of −0.002%): +$66 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 47 days. The two prices were read 104 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 | edgeX OPUSDC | 0.1261 | 0.0100 | pay 0.0050% / 4h | 53m 41s | $4K | $387K | 10x |
| Short | Variational Omni OP | 0.1269 | 0.0054 | get 0.0054% / 8h | 4h 53m | $224K | $49K | — |
edgeX OPUSDC
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against edgeX. 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
- −$9.74
- Price spread: +0.657% → −0.002%
- $65.85
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $47.11
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: edgeX: live order book, 5 min ago; Variational Omni: RFQ quote, 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 edgeX live order book, 5 min ago | 7.93 bp | 16.9 bp −$17 | 142.9 bp −$1,429 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 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 | −0.1607% | 1h | 0.1261 | +0.019% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1267 | +0.526% | $13K | — | 100x | as long as short |
| ApeX Omni OPUSDT | −0.0292% | 1h | 0.1261 | +0.019% | $43K | $708K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1267 | +0.507% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1267 | +0.495% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1268 | +0.546% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0031% | 8h | 0.1265 | +0.368% | $6.2M | $28.8M | 50x | as long as short |
| Variational Omni OPshort | +0.0054% | 8h | 0.1269 | +0.657% | $224K | $49K | — | |
| Orderly PERP_OP_USDC | +0.0055% | 8h | 0.1267 | +0.495% | $6K | $44K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1268 | +0.535% | $280K | $934K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
ApeX Omni OPUSDT
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Orderly PERP_OP_USDC
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1268 | +0.574% | $3.7M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1268 | +0.578% | $212K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1266 | +0.436% | $20.5M | $60.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1265 | +0.352% | $18.5M | $25.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1267 | +0.487% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1267 | +0.463% | $21.0M | $7.0M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1266 | +0.416% | $2.9M | $6.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1267 | +0.495% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1267 | +0.487% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1267 | +0.471% | $121K | $194K | 10x | as long as short |
| edgeX OPUSDClong | +0.0100% | 4h | 0.1261 | long leg | $4K | $387K | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1265 | +0.336% | $310K | $5.0M | 10x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1267 | +0.511% | $190 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1267 | +0.503% | $174K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1265 | +0.354% | $101K | $394K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1268 | +0.535% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1278 | +1.368% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1267 | +0.463% | $1.0M | $279K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0347% | 1h | 0.1268 | +0.545% | $796K | $574K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1266 | +0.455% | $704 | — | 20x | as long as short |
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
GRVT OP_USDT_Perp
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP