OPN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniOPN_OPINION	0.04907	+0.0100	pay 0.0050% / 4h	48m 20s	$4K	$3K	50x	Long Variational Omni+15% pts
SHORT	DeribitOPN_USDC-PERPETUAL	0.04907	−0.0422	pay 0.0053% / 1h	48m 20s	$14K	$4K	10x	Short Deribit

Price gap0.000%

Funding gap−0.0522% /8h

Funding costs $16 a day on $10k at the current rate. Swap the legs.

If you open now and hold

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

Funding−$29−0.0522% /8h now · paid −0.291% over the last 7D

Price—spread 0.000% 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

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.291% in total, about −0.0139%/8h on average.

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

Now0.000%

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$200 + $1,000
Variational Omni 50x, Deribit 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$15.66Long Variational Omni: 6 payments, −$3.00; short Deribit: 24 payments, −$12.66.
Note: No 7-day spread history0.000%
The gap cannot be compared with its average yet.
Watch: Long 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: KYCVariational Omni No · Deribit Yes
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−$29.14

Price spread0.000% → 0+$0.04

Slippage, 4 ordersno data for Deribit—

Fee Variational Omni bp × 2 orders$0.00

Fee Deribit bp × 2 orders−$7.00

Net, fees only · 7 days · $10k−$36.09

Costs to cover0.070%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, 19 min ago; Deribit: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni8.181330.3 bp−$1,3302648.3 bp−$26.5Kdoesn’t fitdoesn’t fit

SELL · SHORTDeribit—————

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