Funding you earn now, next payment 09:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h −0.026%
Price spread now: Variational Omni against ApeX Omni−0.149%7-day average −0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.149%, 7d avg −0.090%
=Together, before fees−0.034%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.059% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.090%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni OPUSDT | 0.1243 | 0.0100 | pay 0.0013% / 1h | 33m 29s | $43K | $693K | 50x |
| Short | Variational Omni OP | 0.1241 | 0.0062 | get 0.0062% / 8h | 7h 33m | $220K | $47K | — |
ApeX Omni OPUSDT
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against ApeX 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
- −$7.95
- Price spread: −0.149% → −0.090%
- −$5.92
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$23.87
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 65 min ago; Variational Omni: RFQ quote, just now. 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 ApeX Omni live order book, 65 min ago | 12.01 bp | 20.5 bp −$20 | 114.2 bp −$1,142 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 4.02 bp | doesn't fit | 36.2 bp −$362 | 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 | −0.1328% | 1h | 0.1235 | −0.644% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1244 | +0.066% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0048% | 8h | 0.1246 | +0.241% | $12K | $235K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1240 | −0.257% | $38K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1246 | +0.241% | $31K | $165K | 25x | as long as short |
| KuCoin OPUSDTM | +0.0004% | 8h | 0.1238 | −0.402% | $2.9M | $6.1M | 75x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1244 | +0.095% | — | — | 150x | as long as short |
| Variational Omni OPshort | +0.0062% | 8h | 0.1241 | −0.149% | $220K | $47K | — | |
| Lighter OP | +0.0096% | 1h | 0.1240 | −0.217% | $286K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1240 | −0.225% | $3.5M | $3.7M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
KuCoin OPUSDTM
gTrade (Gains Network) OP/USD
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1240 | −0.241% | $200K | $214K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1239 | −0.338% | $19.1M | $68.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1239 | −0.314% | $18.1M | $26.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1240 | −0.241% | $5.9M | $29.4M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1240 | −0.282% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1240 | −0.282% | $22.1M | $7.8M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1239 | −0.322% | $5.7M | $6.9M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1239 | −0.290% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1244 | +0.048% | $116K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1242 | −0.044% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1243 | +0.026% | $310K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDTlong | +0.0100% | 1h | 0.1243 | long leg | $43K | $693K | 50x | |
| SoDEX OP-USD | +0.0100% | 1h | 0.1245 | +0.121% | $192 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1247 | +0.338% | $166K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1238 | −0.412% | $99K | $612K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1246 | +0.216% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1244 | +0.080% | $25K | $69K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0155% | 1h | 0.1247 | +0.285% | $743K | $720K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1243 | +0.008% | $995K | $323K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1242 | −0.063% | $691 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP