OP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h −0.004%

Price spread now: Variational Omni against gTrade (Gains Network)−0.102%51s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.102% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	gTrade (Gains Network) OP/USD	0.1253	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	35m 34s	—	—	150x
Short	Variational Omni OP	0.1252	0.0012	get 0.0012% / 8h	2h 35m	$228K	$45K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee Variational OmnibpOrdersPrice spread, now −0.102%Rate

Funding earned: $1.51
Price spread: −0.102% → 0.000%: −$10.17
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.66
Costs to cover: 0.100%
Break-even: 93.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 53 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 53 min ago	3.98 bp	doesn't fit	27.9 bp −$279	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.1658%	1h	0.1246	−0.549%	$34K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1066% / S +0.0229%	1h	0.1252	−0.032%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0328%	1h	0.1243	−0.789%	$21K	$64K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1254	+0.078%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1253	+0.010%	$41K	$172K	25x	as long as short
gTrade (Gains Network) OP/USDlong	L +0.0004% / S −0.0004%	1h	0.1253	long leg	—	—	150x
Variational Omni OPshort	+0.0012%	8h	0.1252	−0.102%	$228K	$45K	—
Orderly PERP_OP_USDC	+0.0030%	8h	0.1252	−0.070%	$6K	$51K	10x	as long as short
OKX OP-USDT-SWAP	+0.0095%	8h	0.1254	+0.121%	$5.8M	$29.5M	50x	as long as short
Lighter OP	+0.0096%	1h	0.1254	+0.097%	$271K	$905K	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1254	+0.097%	$3.9M	$2.9M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1253	+0.035%	$211K	$243K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1255	+0.162%	$20.3M	$62.5M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1255	+0.137%	$18.5M	$25.3M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1254	+0.089%	$1.8M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1254	+0.065%	$20.1M	$7.2M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1253	+0.010%	$2.9M	$7.5M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1255	+0.169%	$6.0M	$6.2M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1254	+0.065%	—	$6.9M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1252	−0.062%	$126K	$188K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1252	−0.069%	$9K	$378K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1253	+0.041%	$310K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1254	+0.089%	$45K	$719K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1252	−0.078%	$173	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1252	−0.062%	$173K	$234K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1254	+0.078%	$100K	$186K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1252	−0.046%	$4K	—	3x	as long as short
Kraken Futures PF_OPUSD	+0.0137%	1h	0.1253	+0.046%	$775K	$733K	20x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1254	+0.065%	$994K	$279K	75x	as long as short
Reya OPRUSDPERP	+0.0436%	1h	0.1255	+0.133%	$698	—	20x	as long as short