Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1260 | +0.0592 | pay 0.0074% / 1h | 48m 09s | — | — | 10x | Long Deribit | |
| SHORT | 0.1258 | +0.0100 | get 0.0050% / 4h | 48m 09s | $63K | $40K | 50x | Short Variational Omni+15% pts |
Price gap−0.131%
Funding gap−0.0492% /8h
Both sides work against this direction now: funding costs $15 a day on $10k and the gap is 0.131% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—−0.0492% /8h now · no funding history yet
Price—spread −0.131% now · no price history on both exchanges yet
Costsno datano order book for Deribit
Result, before costs—+ Points / potential airdropVariational Omni: points · farm boardneeds funding history
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Variational Omni price against Deribitnow
RANGE STATS · 7D
Now−0.131%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hOPG on 14 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for Deribit: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $200Deribit 10x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$14.76Long Deribit: 24 payments, −$17.76; short Variational Omni: 6 payments, +$3.00.
- Note: No 7-day spread history−0.131%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner— vs $63K OIDeribit sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCDeribit Yes · Variational Omni NoID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate−$103.32
Price spread−0.131% → 0−$13.15
Slippage, 4 ordersno data for Deribit—
Fee Deribit bp × 2 orders−$7.00
Fee Variational Omni bp × 2 orders$0.00
Net, fees only · 7 days · $10k−$123.47
Costs to cover0.070%Break-evennever at this rate
Slippage: Deribit: no order-book sample; Variational Omni: RFQ quote, 46 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGDeribit—————
SELL · SHORTVariational Omni11.85158.0 bp−$158296.3 bp−$2,963doesn’t fitdoesn’t fit
Closing costs about the same again.
Deribit: no data.
| 09-28 14:42 | Deribit | Listing | 🚨 Pre-IPO Anthropic, POL & OPG USDC Perpetuals. Now Live Deribit has launched the following USDC-settled perpetual markets: ANTH_USDC | POL_USDC | OPG_USDC Read more 👉 Disclaimer: Deribit FZE is authorised and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Availability of products and services is subject to applicable regulatory requirements and investor classification. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Deribit does not endorse, sponsor, or have any affiliation with Anthropic. Any use of a referenced company’s name or marks is nominative and limited to what is necessary to identify the relevant category. @DeribitOfficial on X ↗ |
| 09-28 13:02 | Deribit | Listing | new market OPG_USDC-PERPETUAL ($OPG) seen by our collector |

