Funding you earn now, next payment 05:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h −0.079%
Price spread now: Coinbase International against Variational Omni+0.268%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.268% dearer against Variational Omni than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1251 | 0.0026 | pay 0.0026% / 8h | 2h 40m | $221K | $48K | — |
| Short | Coinbase International OP-PERP-INTX | 0.1254 | 0.0160 | get 0.0020% / 1h | 40m 51s | $25K | $58K | 50x |
Variational Omni OP
Coinbase International OP-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $28.22
- Price spread: +0.268% → 0.000%
- $26.84
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $45.05
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 8 min ago; Coinbase International: no order-book sample. 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, 8 min ago | 7.87 bp | doesn't fit | 31.5 bp −$315 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1583% | 1h | 0.1248 | −0.211% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1253 | +0.199% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0548% | 1h | 0.1252 | +0.108% | $40K | $139K | 25x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1256 | +0.414% | $39K | $532 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1253 | +0.188% | — | — | 150x | as long as short |
| Variational Omni OPlong | +0.0026% | 8h | 0.1251 | long leg | $221K | $48K | — | |
| Orderly PERP_OP_USDC | +0.0034% | 8h | 0.1250 | −0.051% | $59K | $107K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1254 | +0.275% | $761K | $595K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0095% | 8h | 0.1248 | −0.203% | $6.2M | $28.5M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1253 | +0.188% | $289K | $987K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
dYdX OP-USD
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1248 | −0.243% | $3.5M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1248 | −0.214% | $208K | $218K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1248 | −0.203% | $19.8M | $63.4M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1247 | −0.267% | $18.5M | $25.5M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1248 | −0.211% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1248 | −0.227% | $22.1M | $7.4M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1246 | −0.371% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1246 | −0.371% | $5.7M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1249 | −0.131% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1246 | −0.371% | $105K | $213K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1259 | +0.645% | $381K | $768K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1255 | +0.356% | $310K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1260 | +0.748% | $43K | $704K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1252 | +0.084% | $200 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1253 | +0.228% | $171K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1246 | −0.344% | $100K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1252 | +0.068% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTXshort | +0.0160% | 1h | 0.1254 | +0.268% | $25K | $58K | 50x | |
| BloFin OP-USDT | +0.0220% | 8h | 0.1252 | +0.076% | $1.0M | $276K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1253 | +0.194% | $697 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC 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
Reya OPRUSDPERP