Funding you earn now, next payment 00:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.63 per $10,000 · paid last 24h −0.002%
Price spread now: Variational Omni against Gate−0.731%7-day average −0.031% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.006%−$1 on $10k
+Price spread, last 3 days (all we have)+0.947%+$95 · spread now −0.731%, 7d avg −0.031%
=Together, before fees+0.941%+ Points / potential airdropVariational Omni: Active · farm board+$94 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.701% cheaper against Gate than usual: you would sell low and buy high (−$70 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OP_USDT | 0.1271 | 0.0100 | pay 0.0100% / 8h | 1h 31m | $1.9M | $1.5M | 50x |
| Short | Variational Omni OP | 0.1262 | 0.0037 | get 0.0037% / 8h | 1h 31m | $234K | $48K | — |
Gate OP_USDT
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Gate. 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
- −$13.33
- Price spread: −0.731% → −0.031%
- −$70.09
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$98.41
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 1 min ago; Variational Omni: RFQ quote, 53 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 Gate live order book, 1 min ago | 3.55 bp | 28.5 bp −$28 | 65.6 bp −$656 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 53 min ago | 7.90 bp | doesn't fit | 39.5 bp −$395 | 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 | −0.1710% | 1h | 0.1259 | −0.929% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1270 | −0.030% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1253 | −1.401% | $21K | $63K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1272 | +0.080% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1270 | −0.063% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1271 | +0.016% | — | — | 150x | as long as short |
| Variational Omni OPshort | +0.0037% | 8h | 0.1262 | −0.731% | $234K | $48K | — | |
| Orderly PERP_OP_USDC | +0.0056% | 8h | 0.1269 | −0.142% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1272 | +0.071% | $276K | $905K | 15x | as long as short |
| OKX OP-USDT-SWAP | +0.0098% | 8h | 0.1270 | −0.031% | $5.9M | $30.0M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Lighter OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1272 | +0.055% | $4.1M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1272 | +0.057% | $212K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1271 | −0.023% | $20.6M | $61.9M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1270 | −0.094% | $18.6M | $25.3M | 75x | as long as short |
| Gate OP_USDTlong | +0.0100% | 8h | 0.1271 | long leg | $1.9M | $1.5M | 50x | |
| MEXC OP_USDT | +0.0100% | 8h | 0.1270 | −0.047% | $20.0M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1270 | −0.063% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1271 | +0.016% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1270 | −0.063% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1271 | +0.031% | $126K | $190K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1266 | −0.372% | $11K | $382K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1265 | −0.479% | $316K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1266 | −0.378% | $45K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1270 | −0.071% | $179 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1270 | −0.094% | $176K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1270 | −0.080% | $102K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1270 | −0.097% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1267 | −0.323% | $999K | $282K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0227% | 1h | 0.1270 | −0.029% | $793K | $740K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1270 | −0.051% | $706 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP