Funding you earn now, next payment 02:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h −0.005%
Price spread now: Variational Omni against Extended+0.210%7-day average +0.030% · 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)−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)+0.543%+$54 · spread now +0.210%, 7d avg +0.030%
=Together, before fees+0.523%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.180% dearer against Extended than usual: you sell high and buy low (spread +0.210% now, against its 7-day average of +0.030%): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 3 days (−0.019% in total) that is about 32 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended OP-USD | 0.1258 | 0.0104 | pay 0.0013% / 1h | 8m 43s | $103K | $389K | 25x |
| Short | Variational Omni OP | 0.1261 | 0.0056 | get 0.0056% / 8h | 6h 08m | $224K | $49K | — |
Extended OP-USD
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Extended. 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
- −$10.06
- Price spread: +0.210% → +0.030%
- $18
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $2.94
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 59 min ago; Variational Omni: RFQ quote, 60 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 Extended live order book, 59 min ago | 11.74 bp | 20.8 bp −$21 | 140.0 bp −$1,400 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 60 min ago | 7.85 bp | doesn't fit | 31.4 bp −$314 | doesn't fit | doesn't fit |
OP on 29 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 | −0.1535% | 1h | 0.1252 | −0.508% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1258 | −0.059% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0545% | 1h | 0.1257 | −0.110% | $41K | $151K | 25x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0184% | 1h | 0.1279 | +1.638% | $25K | $75K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1260 | +0.088% | $39K | $519 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1258 | −0.048% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1257 | −0.110% | $6K | $47K | 10x | as long as short |
| Variational Omni OPshort | +0.0056% | 8h | 0.1261 | +0.210% | $224K | $49K | — | |
| OKX OP-USDT-SWAP | +0.0066% | 8h | 0.1259 | +0.057% | $6.1M | $29.5M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1260 | +0.144% | $280K | $949K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Coinbase International OP-PERP-INTX
dYdX OP-USD
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1260 | +0.136% | $3.7M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1257 | −0.091% | $210K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1259 | +0.050% | $20.2M | $61.9M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1258 | −0.007% | $18.3M | $25.7M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1259 | +0.049% | $1.9M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1259 | +0.080% | $20.6M | $7.5M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1257 | −0.110% | $2.9M | $6.9M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1259 | +0.049% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1259 | +0.049% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1257 | −0.142% | $121K | $202K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1261 | +0.229% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1262 | +0.310% | $311K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1262 | +0.287% | $43K | $706K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1257 | −0.102% | $178 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1257 | −0.079% | $174K | $223K | 50x | as long as short |
| Extended OP-USDlong | +0.0104% | 1h | 0.1258 | long leg | $103K | $389K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1257 | −0.110% | $3K | $1K | 3x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1257 | −0.130% | $699 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0463% | 1h | 0.1259 | +0.051% | $795K | $588K | 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-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Aevo OP-PERP
Reya OPRUSDPERP
Kraken Futures PF_OPUSD