Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.40 per $10,000 · paid last 24h +0.006%
Price spread now: OKX against Variational Omni+0.092%7-day average +0.009% · 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)−0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.314%−$31 · spread now +0.092%, 7d avg +0.009%
=Together, before fees−0.318%+ Points / potential airdropVariational Omni: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.083% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1268 | 0.0044 | pay 0.0044% / 8h | 3h 32m | $224K | $48K | — |
| Short | OKX OP-USDT-SWAP | 0.1269 | 0.0084 | get 0.0084% / 8h | 3h 32m | $6.2M | $28.6M | 50x |
Variational Omni OP
OKX OP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $8.37
- Price spread: +0.092% → +0.009%
- $8.33
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $6.7
- Costs to cover
- 0.100%
- Break-even
- 1.4 days
Slippage unknown: Variational Omni: RFQ quote, 22 min ago; OKX: live order book, 1 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, 22 min ago | 7.86 bp | doesn't fit | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.39 bp | 12.2 bp −$12 | 32.6 bp −$326 | 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 | −0.1568% | 1h | 0.1263 | −0.389% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1270 | +0.128% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1270 | +0.145% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1271 | +0.242% | $42K | $138K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1270 | +0.150% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1270 | +0.163% | $25K | $58K | 50x | as long as short |
| Variational Omni OPlong | +0.0044% | 8h | 0.1268 | long leg | $224K | $48K | — | |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1269 | +0.085% | $6K | $46K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0057% | 1h | 0.1271 | +0.243% | $780K | $556K | 20x | as long as short |
| OKX OP-USDT-SWAPshort | +0.0084% | 8h | 0.1269 | +0.092% | $6.2M | $28.6M | 50x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTX
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1270 | +0.124% | $276K | $945K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1270 | +0.163% | $3.7M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1270 | +0.177% | $212K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1269 | +0.092% | $20.6M | $60.9M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1268 | +0.045% | $18.7M | $24.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1270 | +0.124% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1269 | +0.061% | $21.3M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1268 | +0.006% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1268 | +0.006% | $5.8M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1269 | +0.108% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1270 | +0.132% | $118K | $205K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1269 | +0.094% | $4K | $387K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1271 | +0.229% | $318K | $5.0M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1272 | +0.321% | $44K | $709K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1270 | +0.163% | $188 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1270 | +0.179% | $172K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1268 | −0.011% | $102K | $393K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1269 | +0.085% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1270 | +0.148% | $1.0M | $280K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1268 | +0.043% | $705 | — | 20x | as long as short |
Lighter OP
Hyperliquid OP
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
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP