Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.46 per $10,000 · paid last 24h +0.025%
Price spread now: Bybit against Variational Omni−0.240%7-day average −0.015% · 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)+0.045%+$4 on $10k
+Price spread, last 4 days (all we have)−0.140%−$14 · spread now −0.240%, 7d avg −0.015%
=Together, before fees−0.096%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.225% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.240% now, against its 7-day average of −0.015%). If the spread goes back, that is −$22 on $10k: about 16 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1269 | 0.0054 | pay 0.0054% / 8h | 4h 55m | $224K | $49K | — |
| Short | Bybit OPUSDT | 0.1266 | 0.0100 | get 0.0100% / 8h | 4h 55m | $18.5M | $25.2M | 75x |
Variational Omni OP
Bybit OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $9.74
- Price spread: −0.240% → −0.015%
- −$22.49
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$23.75
- Costs to cover
- 0.110%
- Break-even
- 24.1 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 7.92 bp | doesn't fit | 23.8 bp −$238 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.19 bp | 11.4 bp −$11 | 25.7 bp −$257 | 111.7 bp −$11.2K | 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 | −0.1607% | 1h | 0.1254 | −1.185% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1267 | −0.159% | $13K | — | 100x | as long as short |
| ApeX Omni OPUSDT | −0.0292% | 1h | 0.1261 | −0.634% | $43K | $708K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1268 | −0.099% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1271 | +0.154% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1267 | −0.143% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0030% | 8h | 0.1265 | −0.287% | $6.2M | $28.9M | 50x | as long as short |
| Variational Omni OPlong | +0.0054% | 8h | 0.1269 | long leg | $224K | $49K | — | |
| Orderly PERP_OP_USDC | +0.0055% | 8h | 0.1270 | +0.076% | $6K | $44K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1268 | −0.043% | $280K | $934K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
ApeX Omni OPUSDT
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Orderly PERP_OP_USDC
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1268 | −0.098% | $3.7M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1268 | −0.089% | $212K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1267 | −0.195% | $20.5M | $60.8M | 75x | as long as short |
| Bybit OPUSDTshort | +0.0100% | 8h | 0.1266 | −0.240% | $18.5M | $25.2M | 75x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1267 | −0.169% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1266 | −0.208% | $21.0M | $7.0M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1266 | −0.240% | $2.9M | $6.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1267 | −0.161% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1267 | −0.161% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1271 | +0.131% | $121K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1261 | −0.653% | $4K | $387K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1265 | −0.318% | $310K | $5.0M | 10x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1270 | +0.115% | $190 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1271 | +0.162% | $175K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1267 | −0.149% | $101K | $394K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1270 | +0.061% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1278 | +0.706% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1263 | −0.500% | $1.0M | $278K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0347% | 1h | 0.1271 | +0.156% | $798K | $577K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1266 | −0.261% | $704 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
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
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP