Funding you earn now, next payment 16:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.32 per $10,000 · paid last 24h −0.026%
Price spread now: Variational Omni against HTX−0.352%7-day average −0.071% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.352%, 7d avg −0.071%
=Together, before fees−0.023%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.281% cheaper against HTX than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.071%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX OP-USDT | 0.1253 | 0.0100 | pay 0.0100% / 8h | 6h 22m | $170K | $257K | 50x |
| Short | Variational Omni OP | 0.1248 | 0.0068 | get 0.0068% / 8h | 6h 22m | $221K | $46K | — |
HTX OP-USDT
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against HTX. 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
- −$6.65
- Price spread: −0.352% → −0.071%
- −$28.1
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$46.75
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 27 min ago; Variational Omni: RFQ quote, 30 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 HTX live order book, 27 min ago | 11.27 bp | 32.2 bp −$32 | 3162.5 bp −$31.6K | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 30 min ago | 8.03 bp | doesn't fit | 32.1 bp −$321 | doesn't fit | doesn't fit |
OP on 30 exchanges
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 | −0.1934% | 1h | 0.1257 | +0.351% | $35K | $67K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0886% / S +0.0200% | 1h | 0.1253 | +0.049% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0059% | 8h | 0.1252 | −0.048% | $12K | $233K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1252 | −0.068% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1253 | +0.032% | $31K | $128K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1253 | +0.026% | — | — | 150x | as long as short |
| Extended OP-USD | +0.0024% | 1h | 0.1252 | −0.036% | $102K | $579K | 25x | as long as short |
| MEXC OP_USDT | +0.0027% | 8h | 0.1252 | −0.080% | $22.1M | $7.6M | 300x | as long as short |
| Binance OPUSDT | +0.0027% | 8h | 0.1252 | −0.075% | $19.3M | $68.3M | 75x | as long as short |
| GRVT OP_USDT_Perp | +0.0060% | 8h | 0.1252 | −0.084% | $305K | $5.5M | 10x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Extended OP-USD
MEXC OP_USDT
Binance OPUSDT
GRVT OP_USDT_PerpShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin OPUSDTM | +0.0068% | 8h | 0.1251 | −0.128% | $2.9M | $5.8M | 75x | as long as short |
| Variational Omni OPshort | +0.0068% | 8h | 0.1248 | −0.352% | $221K | $46K | — | |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1248 | −0.367% | $26K | $71K | 50x | as long as short |
| Aevo OP-PERP | +0.0088% | 1h | 0.1252 | −0.048% | $3K | $1K | 3x | as long as short |
| Gate OP_USDT | +0.0094% | 8h | 0.1252 | −0.024% | $2.0M | $1.4M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1252 | −0.032% | $266K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1252 | −0.064% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1252 | −0.048% | $207K | $224K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1251 | −0.128% | $18.1M | $25.9M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1251 | −0.120% | $6.0M | $28.8M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1252 | −0.048% | $5.8M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1253 | +0.032% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1252 | −0.040% | $110K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1249 | −0.299% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1248 | −0.367% | $43K | $690K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1252 | −0.056% | $198 | $5K | 5x | as long as short |
| HTX OP-USDTlong | +0.0100% | 8h | 0.1253 | long leg | $170K | $257K | 50x | |
| BloFin OP-USDT | +0.0109% | 8h | 0.1248 | −0.391% | $980K | $278K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0446% | 1h | 0.1252 | −0.009% | $696 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0511% | 1h | 0.1253 | +0.011% | $745K | $803K | 20x | as long as short |
KuCoin OPUSDTM
Coinbase International OP-PERP-INTX
Aevo OP-PERP
Gate OP_USDT
Lighter OP
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
BloFin OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD