Funding you earn now, next payment 00:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.98 per $10,000 · paid last 24h −0.006%
Price spread now: MEXC against Variational Omni+0.559%7-day average +0.042% · you sell dearer than you buy
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)−0.780%−$78 · spread now +0.559%, 7d avg +0.042%
=Together, before fees−0.770%+ Points / potential airdropVariational Omni: Active · farm board−$77 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.516% dearer against Variational Omni than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of +0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1243 | 0.0002 | pay 0.0002% / 8h | 2h 48m | $227K | $44K | — |
| Short | MEXC OP_USDT | 0.1250 | 0.0100 | get 0.0100% / 8h | 2h 48m | $20.0M | $7.2M | 300x |
Variational Omni OP
MEXC OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $20.48
- Price spread: +0.559% → +0.042%
- $51.65
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $72.13
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 40 min ago; MEXC: 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, 40 min ago | 3.98 bp | doesn't fit | 35.8 bp −$358 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.40 bp | 2.4 bp −$2 | 19.8 bp −$198 | 59.9 bp −$5,992 | 97.5 bp −$48.8K |
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 | −0.1658% | 1h | 0.1238 | −0.375% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1066% / S +0.0229% | 1h | 0.1250 | +0.617% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0328% | 1h | 0.1243 | +0.028% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1250 | +0.592% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1249 | +0.511% | $41K | $172K | 25x | as long as short |
| Variational Omni OPlong | +0.0002% | 8h | 0.1243 | long leg | $227K | $44K | — | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1250 | +0.596% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0027% | 8h | 0.1250 | +0.591% | $6K | $51K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0095% | 8h | 0.1250 | +0.559% | $5.8M | $29.4M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1251 | +0.655% | $267K | $899K | 15x | 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
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 | 0.1251 | +0.663% | $3.9M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1250 | +0.587% | $210K | $243K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1250 | +0.583% | $20.2M | $62.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1249 | +0.511% | $18.4M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1250 | +0.551% | $1.8M | $1.4M | 50x | as long as short |
| MEXC OP_USDTshort | +0.0100% | 8h | 0.1250 | +0.559% | $20.0M | $7.2M | 300x | |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1249 | +0.511% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1250 | +0.591% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1249 | +0.511% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1249 | +0.519% | $127K | $189K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1247 | +0.351% | $9K | $380K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1243 | +0.043% | $308K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1244 | +0.108% | $45K | $719K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1249 | +0.527% | $163 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1249 | +0.535% | $173K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1250 | +0.559% | $100K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1250 | +0.605% | $4K | — | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0137% | 1h | 0.1250 | +0.590% | $772K | $741K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1248 | +0.438% | $992K | $294K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1249 | +0.543% | $695 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
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
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP