Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.40 per $10,000 · paid last 24h +0.006%
Price spread now: Variational Omni against MEXC−0.110%7-day average −0.040% · 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 3 days (all we have)+0.302%+$30 · spread now −0.110%, 7d avg −0.040%
=Together, before fees+0.292%+ Points / potential airdropVariational Omni: Active · farm board+$29 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 0.070% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.040%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OP_USDT | 0.1281 | 0.0100 | pay 0.0100% / 8h | 1h 12m | $20.2M | $7.2M | 300x |
| Short | Variational Omni OP | 0.1280 | 0.0060 | get 0.0060% / 8h | 1h 12m | $233K | $53K | — |
MEXC OP_USDT
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against MEXC. 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
- −$8.48
- Price spread: −0.110% → −0.040%
- −$6.96
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$15.44
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 1 min ago; Variational Omni: RFQ quote, 6 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 MEXC live order book, 1 min ago | 0.39 bp | 2.9 bp −$3 | 6.3 bp −$63 | 48.6 bp −$4,859 | 103.7 bp −$51.8K |
| Sell Variational Omni RFQ quote, 6 min ago | 7.82 bp | doesn't fit | 31.3 bp −$313 | 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 | −0.1710% | 1h | 0.1274 | −0.546% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1280 | −0.068% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1278 | −0.234% | $21K | $65K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1281 | −0.019% | $40K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1280 | −0.078% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1280 | −0.067% | — | — | 150x | as long as short |
| Variational Omni OPshort | +0.0060% | 8h | 0.1280 | −0.110% | $233K | $53K | — | |
| Orderly PERP_OP_USDC | +0.0062% | 8h | 0.1279 | −0.156% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1282 | +0.086% | $290K | $922K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1282 | +0.078% | $4.1M | $2.9M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
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 | 0.1281 | −0.022% | $214K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1281 | +0.001% | $20.8M | $61.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1280 | −0.062% | $18.8M | $25.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1281 | +0.031% | $6.1M | $30.2M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1281 | 0.000% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDTlong | +0.0100% | 8h | 0.1281 | long leg | $20.2M | $7.2M | 300x | |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1280 | −0.078% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1281 | 0.000% | $6.1M | $6.3M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1280 | −0.078% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1279 | −0.125% | $125K | $192K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1279 | −0.147% | $9K | $384K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1279 | −0.149% | $320K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1279 | −0.156% | $46K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1279 | −0.125% | $178 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1280 | −0.039% | $177K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1281 | +0.011% | $102K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1280 | −0.101% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1279 | −0.148% | $1.0M | $298K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0225% | 1h | 0.1281 | −0.016% | $801K | $745K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1279 | −0.133% | $711 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
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
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP