Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −6.0% APRnext payment −$0.54 per $10,000 · paid last 24h −0.033%
Price spread now: Variational Omni against Gate−1.429%7-day average −0.038% · 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)−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+1.668%+$167 · spread now −1.429%, 7d avg −0.038%
=Together, before fees+1.658%+ Points / potential airdropVariational Omni: Active · farm board+$166 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 1.391% cheaper against Gate than usual: you would sell low and buy high (−$139 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OP_USDT | 0.1271 | 0.0100 | pay 0.0100% / 8h | 4h 31m | $2.0M | $1.4M | 50x |
| Short | Variational Omni OP | 0.1253 | 0.0046 | get 0.0046% / 8h | 4h 31m | $222K | $49K | — |
Gate OP_USDT
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Gate. 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
- −$11.43
- Price spread: −1.429% → −0.038%
- −$139.12
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$165.55
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 1 min ago; Variational Omni: RFQ quote, 27 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 Gate live order book, 1 min ago | 1.97 bp | 21.1 bp −$21 | 54.0 bp −$540 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 27 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 | 0.1252 | −1.518% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1268 | −0.279% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1271 | −0.042% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1268 | −0.260% | $42K | $141K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1268 | −0.285% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0041% | 8h | 0.1271 | −0.016% | $6.2M | $28.9M | 50x | as long as short |
| Variational Omni OPshort | +0.0046% | 8h | 0.1253 | −1.429% | $222K | $49K | — | |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1268 | −0.260% | $6K | $45K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1271 | −0.016% | $280K | $940K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1271 | −0.008% | $3.7M | $2.8M | 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 | 0.1270 | −0.117% | $212K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1272 | +0.035% | $20.6M | $60.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1271 | −0.024% | $18.7M | $25.2M | 75x | as long as short |
| Gate OP_USDTlong | +0.0100% | 8h | 0.1271 | long leg | $2.0M | $1.4M | 50x | |
| MEXC OP_USDT | +0.0100% | 8h | 0.1271 | −0.047% | $21.4M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1270 | −0.102% | $2.9M | $6.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1272 | +0.055% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1271 | +0.008% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1268 | −0.252% | $123K | $200K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1257 | −1.158% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1257 | −1.142% | $314K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1261 | −0.810% | $43K | $710K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1268 | −0.252% | $205 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1267 | −0.362% | $174K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1271 | −0.030% | $102K | $391K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1268 | −0.260% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1262 | −0.732% | $24K | $69K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1265 | −0.503% | $1.0M | $279K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0347% | 1h | 0.1268 | −0.244% | $790K | $565K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1267 | −0.371% | $704 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
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
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP