Funding you earn now, next payment 03:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.007%
Price spread now: Extended against Variational Omni−0.170%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)+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.175%−$17 · spread now −0.170%, 7d avg −0.028%
=Together, before fees−0.154%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.142% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of −0.028%). If the spread goes back, that is −$14 on $10k: about 8.6 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.021% in total) that is about 24 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1278 | 0.0049 | pay 0.0049% / 8h | 5h 18m | $226K | $50K | — |
| Short | Extended OP-USD | 0.1276 | 0.0104 | get 0.0013% / 1h | 18m 10s | $107K | $394K | 25x |
Variational Omni OP
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $11.57
- Price spread: −0.170% → −0.028%
- −$14.18
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$7.62
- Costs to cover
- 0.050%
- Break-even
- 11.6 days
Slippage unknown: Variational Omni: RFQ quote, 46 min ago; Extended: live order book, 44 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, 46 min ago | 7.92 bp | doesn't fit | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell Extended live order book, 44 min ago | 11.85 bp | 21.1 bp −$21 | 146.5 bp −$1,465 | 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 | −0.1488% | 1h | 0.1271 | −0.580% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1277 | −0.096% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1278 | −0.052% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1278 | −0.032% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1278 | −0.060% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0031% | 8h | 0.1277 | −0.087% | $6.2M | $29.2M | 50x | as long as short |
| Variational Omni OPlong | +0.0049% | 8h | 0.1278 | long leg | $226K | $50K | — | |
| Orderly PERP_OP_USDC | +0.0053% | 8h | 0.1278 | −0.032% | $6K | $45K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1278 | −0.032% | $282K | $936K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1279 | +0.038% | $3.7M | $2.9M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
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 | 0.1278 | −0.011% | $213K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1277 | −0.101% | $20.7M | $60.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1277 | −0.150% | $18.6M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1278 | −0.064% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1277 | −0.095% | $21.1M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1277 | −0.111% | $2.9M | $6.7M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1277 | −0.111% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1277 | −0.103% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1277 | −0.103% | $122K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1280 | +0.101% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1277 | −0.122% | $314K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1281 | +0.202% | $44K | $706K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1277 | −0.126% | $177 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1278 | −0.071% | $176K | $216K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1276 | −0.170% | $107K | $394K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1277 | −0.150% | $4K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0152% | 1h | 0.1265 | −1.049% | $24K | $70K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1278 | −0.056% | $1.0M | $273K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1277 | −0.090% | $710 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0485% | 1h | 0.1279 | +0.021% | $807K | $573K | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD