Settings8H · net · $10k
Funding arb · Price arb /

OP

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Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0058%/8h= −6.3% APRnext payment $0.58 per $10,000 · paid last 24h −0.026%
Price spread now: Variational Omni against HTX−0.071%7-day average −0.073% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.056%−$6 on $10k
Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.071%, 7d avg −0.073%
Together, before fees−0.163%+ Points / potential airdropVariational Omni: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX OP-USDT0.12270.0100pay 0.0100% / 8h4h 50m$167K$263K50x
ShortVariational Omni OP0.12260.0042get 0.0042% / 8h4h 50m$217K$45K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$12.14
Price spread: −0.071% → −0.073%
$0.16
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$23.98
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 54 min ago; Variational Omni: RFQ quote, 57 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 54 min ago14.96 bp29.5 bp −$293202.5 bp −$32.0Kdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 57 min ago4.05 bpdoesn't fit28.3 bp −$283doesn't fitdoesn't fit

OP on 30 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1164% / S +0.0246%1h0.1227+0.043%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0565%1h0.1226−0.057%$30K$112K25xas long as short
Hyperliquid OP−0.0551%1h0.1226−0.073%$3.9M$3.9M5xas long as short
Binance OPUSDT−0.0142%8h0.1229+0.179%$19.0M$65.5M75xas long as short
MEXC OP_USDT−0.0137%8h0.1226−0.065%$21.4M$7.1M300xas long as short
Extended OP-USD−0.0136%1h0.1226−0.018%$103K$650K25xas long as short
Orderly PERP_OP_USDC−0.0081%8h0.1225−0.139%$12K$231K10xas long as short
Gate OP_USDT−0.0076%8h0.1227+0.016%$1.9M$1.3M50xas long as short
Coinbase International OP-PERP-INTX−0.0056%1h0.1233+0.514%$24K$68K50xas long as short
Kraken Futures PF_OPUSD−0.0054%1h0.1227+0.049%$729K$735K20xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT OP_USDT_Perp−0.0032%8h0.1228+0.106%$303K$5.8M10xas long as short
BloFin OP-USDT−0.0016%8h0.1228+0.090%$978K$257K75xas long as short
dYdX OP-USD0.0000%1h0.1227+0.007%$38K$52210xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1227+0.024%150xas long as short
SoDEX OP-USD+0.0032%1h0.1226−0.073%$189$5K5xas long as short
Injective OP/USDC PERP+0.0033%1h0.1231+0.351%$34K$67K12xas long as short
Variational Omni OPshort+0.0042%8h0.1226−0.071%$217K$45K
Aevo OP-PERP+0.0048%1h0.1225−0.139%$3K$1K3xas long as short
KuCoin OPUSDTM+0.0062%8h0.1225−0.139%$2.9M$5.4M75xas long as short
Lighter OP+0.0096%1h0.1226−0.016%$251K$1.1M15xas long as short
Aster OPUSDT+0.0100%8h0.1228+0.106%$203K$211K10xas long as short
Bybit OPUSDT+0.0100%8h0.1229+0.147%$17.7M$24.3M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1229+0.204%$5.9M$26.7M50xas long as short
Bitget OPUSDT+0.0100%8h0.1227+0.024%$5.8M$6.7M75xas long as short
BingX OP-USDC+0.0100%8h0.1228+0.106%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1226−0.082%$111K$215K10xas long as short
edgeX OPUSDC+0.0100%4h0.1228+0.066%$4K$1.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1228+0.106%$42K$686K50xas long as short
HTX OP-USDTlong+0.0100%8h0.1227long leg$167K$263K50x
Reya OPRUSDPERP+0.0447%1h0.1226−0.095%$68120xas long as short