Funding you earn now, next payment 08:00 UTC+0.0066%/8h= +7.3% APRnext payment +$0.66 per $10,000 · paid last 24h +0.033%
Price spread now: Bitget against Variational Omni−0.104%7-day average +0.052% · 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)+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)−0.500%−$50 · spread now −0.104%, 7d avg +0.052%
=Together, before fees−0.448%+ Points / potential airdropVariational Omni: Active · farm board−$45 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.156% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of +0.052%). If the spread goes back, that is −$16 on $10k: about 7.9 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1253 | 0.0034 | pay 0.0034% / 8h | 43m 38s | $222K | $47K | — |
| Short | Bitget OPUSDT | 0.1252 | 0.0100 | get 0.0100% / 8h | 43m 38s | $5.7M | $6.9M | 75x |
Variational Omni OP
Bitget OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Variational Omni. 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
- $13.91
- Price spread: −0.104% → +0.052%
- −$15.61
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$13.7
- Costs to cover
- 0.120%
- Break-even
- 13.9 days
Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Bitget: live order book, 5 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 Variational Omni RFQ quote, 60 min ago | 7.97 bp | doesn't fit | 47.8 bp −$478 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 3.98 bp | 17.1 bp −$17 | 28.7 bp −$287 | 103.5 bp −$10.3K | 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 | −0.1660% | 1h | 0.1245 | −0.663% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1250 | −0.232% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0053% | 8h | 0.1250 | −0.264% | $12K | $236K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1250 | −0.260% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1250 | −0.264% | $32K | $154K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1250 | −0.245% | — | — | 150x | as long as short |
| Variational Omni OPlong | +0.0034% | 8h | 0.1253 | long leg | $222K | $47K | — | |
| KuCoin OPUSDTM | +0.0056% | 8h | 0.1251 | −0.184% | $2.8M | $6.2M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1251 | −0.184% | $24K | $65K | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1252 | −0.112% | $288K | $1.1M | 15x | 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
KuCoin OPUSDTM
Coinbase International OP-PERP-INTX
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1251 | −0.184% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1253 | −0.049% | $206K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1253 | −0.054% | $19.8M | $67.2M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1252 | −0.120% | $18.3M | $26.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1252 | −0.096% | $6.0M | $29.4M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1252 | −0.104% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1252 | −0.112% | $22.3M | $7.8M | 300x | as long as short |
| Bitget OPUSDTshort | +0.0100% | 8h | 0.1252 | −0.104% | $5.7M | $6.9M | 75x | |
| BingX OP-USDC | +0.0100% | 8h | 0.1253 | −0.024% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1250 | −0.288% | $115K | $219K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1256 | +0.223% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1250 | −0.249% | $305K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1250 | −0.264% | $43K | $698K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1250 | −0.264% | $208 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1251 | −0.192% | $166K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1252 | −0.091% | $100K | $598K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1250 | −0.283% | $3K | $1K | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0165% | 1h | 0.1251 | −0.223% | $746K | $670K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1249 | −0.312% | $997K | $323K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0444% | 1h | 0.1250 | −0.302% | $695 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
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
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP