Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −5.0% APRnext payment −$0.45 per $10,000 · paid last 24h −0.033%
Price spread now: Variational Omni against KuCoin−0.205%7-day average −0.028% · 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)−0.052%−$5 on $10k
+Price spread, last 3 days (all we have)+0.319%+$32 · spread now −0.205%, 7d avg −0.028%
=Together, before fees+0.267%+ Points / potential airdropVariational Omni: Active · farm board+$27 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 0.178% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1263 | 0.0100 | pay 0.0100% / 8h | 6h 50m | $2.9M | $7.0M | 75x |
| Short | Variational Omni OP | 0.1260 | 0.0055 | get 0.0055% / 8h | 6h 50m | $224K | $52K | — |
KuCoin OPUSDTM
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against KuCoin. 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
- −$9.52
- Price spread: −0.205% → −0.028%
- −$17.75
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$39.28
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 2 min ago; Variational Omni: RFQ quote, 18 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 KuCoin live order book, 2 min ago | 3.96 bp | 31.3 bp −$31 | 78.9 bp −$789 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 18 min ago | 7.85 bp | doesn't fit | 31.4 bp −$314 | 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 | −0.1535% | 1h | 0.1256 | −0.554% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1262 | −0.070% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0184% | 1h | 0.1279 | +1.267% | $25K | $77K | 50x | as long as short |
| ApeX Omni OPUSDT | −0.0035% | 1h | 0.1258 | −0.396% | $43K | $724K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1264 | +0.079% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1262 | −0.079% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1262 | −0.101% | — | — | 150x | as long as short |
| Variational Omni OPshort | +0.0055% | 8h | 0.1260 | −0.205% | $224K | $52K | — | |
| Orderly PERP_OP_USDC | +0.0058% | 8h | 0.1262 | −0.079% | $6K | $48K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1265 | +0.127% | $281K | $946K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
ApeX Omni OPUSDT
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX OP-USDT-SWAP | +0.0097% | 8h | 0.1263 | −0.032% | $6.1M | $30.1M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1263 | +0.040% | $3.9M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1264 | +0.074% | $211K | $231K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1263 | −0.001% | $20.4M | $62.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1262 | −0.079% | $18.3M | $26.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1264 | +0.087% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1264 | +0.063% | $20.5M | $7.4M | 300x | as long as short |
| KuCoin OPUSDTMlong | +0.0100% | 8h | 0.1263 | long leg | $2.9M | $7.0M | 75x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1262 | −0.079% | $5.9M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1264 | +0.079% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1261 | −0.127% | $121K | $197K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1258 | −0.412% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1260 | −0.204% | $312K | $5.2M | 10x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1262 | −0.111% | $164 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1261 | −0.150% | $174K | $235K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1262 | −0.044% | $101K | $395K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1261 | −0.132% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1262 | −0.071% | $1.0M | $276K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1262 | −0.056% | $702 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0462% | 1h | 0.1263 | −0.020% | $797K | $618K | 20x | as long as short |
OKX OP-USDT-SWAP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD