OPN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	DeribitOPN_USDC-PERPETUAL	0.04889	0	0.0000% / 1h	49m 59s	$14K	$4K	10x	Long Deribit
SHORT	Variational OmniOPN_OPINION	0.04884	+0.0100	get 0.0050% / 4h	1h 49m	$4K	$3K	50x	Short Variational Omni+15% pts

Price gap−0.102%

Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.102% under zero (no 7-day history yet): −$10 if it goes back, about 3.4 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$29+0.0100% /8h now · paid +0.291% over the last 7D

Price—spread −0.102% now · no price history on both exchanges yet

Costsno datano order book for Deribit

Result, before costs—+ Points / potential airdropVariational Omni: points · farm boardneeds both price histories

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.102%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

OPN on 15 exchanges

lowest funding first

Before 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 + $200
Deribit 10x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$3.00Long Deribit: 24 payments, $0.00; short Variational Omni: 6 payments, +$3.00.
Note: No 7-day spread history−0.102%
The gap cannot be compared with its average yet.
Watch: Short leg is thinner$4K vs $14K OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCDeribit Yes · Variational Omni No
ID, 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 out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0139%/8h × 21 periods+$29.10

Price spread−0.102% → 0−$10.22

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+$11.88

Costs to cover0.070%Break-even4.1 days

Slippage: Deribit: no order-book sample; Variational Omni: RFQ quote, 23 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGDeribit—————

SELL · SHORTVariational Omni8.15827.4 bp−$8271640.5 bp−$16.4Kdoesn’t fitdoesn’t fit

Closing costs about the same again.
Deribit: no data.

OPN news

posts that mention OPN, from every exchangeSearch all news →

09-18 10:04	Deribit	Listing	🚨 Now live on Deribit: MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗
09-17 15:30	Deribit	Listing	🚨 More new perpetual futures are coming to Deribit We are pleased to announce that tomorrow, September 18, 2026, at 10:00 AM UTC, Deribit is launching a new lineup of USDC-settled perpetuals. MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM Contract details: 🔹Settlement: USDC 🔹All contract details and specifications 🔽 Please note that these newly listed perpetual contracts are subject to our Auto-Deleveraging Mechanism (ADL) and are covered by the Liquidity Support Program (LSP). By trading any of the products listed above, you acknowledge and agree that the terms of ADL and LSP will apply. @DeribitOfficial on X ↗

OPN