Funding you earn now, next payment 16:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.033%
Price spread now: Variational Omni against Aster−0.304%7-day average −0.080% · 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)+0.959%+$96 · spread now −0.304%, 7d avg −0.080%
=Together, before fees+0.906%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$91 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 0.224% cheaper against Aster than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.080%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPUSDT | 0.1252 | 0.0100 | pay 0.0100% / 8h | 7h 56m | $206K | $210K | 10x |
| Short | Variational Omni OP | 0.1248 | 0.0063 | get 0.0063% / 8h | 7h 56m | $221K | $47K | — |
Aster OPUSDT
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Aster. 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
- −$7.87
- Price spread: −0.304% → −0.080%
- −$22.36
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$38.23
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 40 min ago; Variational Omni: RFQ quote, 42 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 Aster live order book, 40 min ago | 10.44 bp | 26.5 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 42 min ago | 8.01 bp | doesn't fit | 24.0 bp −$240 | 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 | −1.341% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1254 | +0.194% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0054% | 8h | 0.1253 | +0.097% | $12K | $235K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1251 | −0.078% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1254 | +0.177% | $31K | $165K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1254 | +0.184% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0054% | 8h | 0.1252 | +0.017% | $2.8M | $6.0M | 75x | as long as short |
| GRVT OP_USDT_Perp | +0.0055% | 8h | 0.1248 | −0.320% | $305K | $5.3M | 10x | as long as short |
| Variational Omni OPshort | +0.0063% | 8h | 0.1248 | −0.304% | $221K | $47K | — | |
| Lighter OP | +0.0096% | 1h | 0.1252 | +0.033% | $289K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
KuCoin OPUSDTM
GRVT OP_USDT_Perp
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1253 | +0.113% | $3.5M | $3.6M | 5x | as long as short |
| Aster OPUSDTlong | +0.0100% | 8h | 0.1252 | long leg | $206K | $210K | 10x | |
| Binance OPUSDT | +0.0100% | 8h | 0.1251 | −0.087% | $19.7M | $67.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1250 | −0.167% | $18.2M | $26.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1250 | −0.159% | $6.0M | $29.6M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1252 | −0.015% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1252 | −0.015% | $22.4M | $7.7M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1252 | +0.017% | $5.6M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1251 | −0.063% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1254 | +0.185% | $117K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1248 | −0.308% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1248 | −0.303% | $43K | $694K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1254 | +0.201% | $199 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1255 | +0.241% | $167K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1250 | −0.123% | $100K | $610K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1254 | +0.171% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1249 | −0.223% | $24K | $66K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0154% | 1h | 0.1255 | +0.280% | $747K | $676K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1255 | +0.217% | $996K | $326K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1253 | +0.078% | $697 | — | 20x | as long as short |
Hyperliquid OP
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
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