Funding you earn now, next payment 08:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.74 per $10,000 · paid last 24h −0.033%
Price spread now: Variational Omni against GRVT+0.284%7-day average −0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.330%−$33 · spread now +0.284%, 7d avg −0.013%
=Together, before fees−0.382%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.297% dearer against GRVT than usual: you sell high and buy low (spread +0.284% now, against its 7-day average of −0.013%): +$30 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT OP_USDT_Perp | 0.1247 | 0.0100 | pay 0.0100% / 8h | 2h 39m | $305K | $5.2M | 10x |
| Short | Variational Omni OP | 0.1251 | 0.0026 | get 0.0026% / 8h | 2h 39m | $221K | $48K | — |
GRVT OP_USDT_Perp
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GRVT. 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
- −$15.62
- Price spread: +0.284% → −0.013%
- $29.71
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $5.1
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: GRVT: live order book, 5 min ago; Variational Omni: RFQ quote, 10 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 GRVT live order book, 5 min ago | 7.94 bp | 38.5 bp −$39 | 69.5 bp −$695 | 11797.2 bp −$1.18M | doesn't fit |
| Sell Variational Omni RFQ quote, 10 min ago | 7.87 bp | doesn't fit | 23.6 bp −$236 | 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 | −0.1583% | 1h | 0.1241 | −0.489% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1249 | +0.144% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1249 | +0.168% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1249 | +0.152% | $40K | $139K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1249 | +0.130% | — | — | 150x | as long as short |
| Variational Omni OPshort | +0.0026% | 8h | 0.1251 | +0.284% | $221K | $48K | — | |
| Orderly PERP_OP_USDC | +0.0030% | 8h | 0.1247 | −0.008% | $59K | $117K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0075% | 1h | 0.1249 | +0.174% | $764K | $612K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0095% | 8h | 0.1248 | +0.072% | $6.2M | $28.6M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1249 | +0.168% | $288K | $987K | 15x | 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
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1249 | +0.176% | $3.5M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1248 | +0.074% | $208K | $218K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1248 | +0.080% | $19.8M | $63.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1247 | +0.024% | $18.5M | $25.5M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1248 | +0.096% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1248 | +0.096% | $22.8M | $7.6M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1247 | −0.008% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1248 | +0.072% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1248 | +0.072% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1248 | +0.072% | $105K | $215K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1259 | +0.931% | $381K | $768K | 10x | as long as short |
| GRVT OP_USDT_Perplong | +0.0100% | 8h | 0.1247 | long leg | $305K | $5.2M | 10x | |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | +0.473% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1247 | +0.032% | $194 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1248 | +0.064% | $170K | $236K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1247 | +0.014% | $100K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1247 | −0.010% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1245 | −0.169% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1252 | +0.360% | $1.0M | $276K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1248 | +0.070% | $694 | — | 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
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP