OP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h −0.064%

Price spread now: Coinbase International against Variational Omni−0.136%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.136% cheaper against Variational Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OP	0.1250	0.0072	pay 0.0072% / 8h	6h 19m	$221K	$46K	—
Short	Coinbase International OP-PERP-INTX	0.1248	0.0080	get 0.0010% / 1h	19m 20s	$26K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee Coinbase InternationalbpOrdersPrice spread, now −0.136%Rate

Funding earned: $1.61
Price spread: −0.136% → 0.000%: −$13.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.95
Costs to cover: 0.100%
Break-even: 102.6 days

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; Coinbase International: no order-book sample. 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 Variational Omni RFQ quote, 32 min ago	8.03 bp	doesn't fit	32.1 bp −$321	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

OP on 30 exchanges

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	−0.1934%	1h	0.1257	+0.585%	$35K	$67K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.0886% / S +0.0200%	1h	0.1248	−0.115%	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0551%	1h	0.1247	−0.216%	$31K	$128K	25x	as long as short
Orderly PERP_OP_USDC	−0.0058%	8h	0.1248	−0.136%	$12K	$233K	10x	as long as short
dYdX OP-USD	0.0000%	1h	0.1249	−0.069%	$39K	$522	10x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1248	−0.136%	—	—	150x	as long as short
Binance OPUSDT	+0.0021%	8h	0.1247	−0.192%	$19.2M	$68.2M	75x	as long as short
Extended OP-USD	+0.0024%	1h	0.1247	−0.222%	$102K	$579K	25x	as long as short
MEXC OP_USDT	+0.0025%	8h	0.1248	−0.136%	$22.1M	$7.6M	300x	as long as short
GRVT OP_USDT_Perp	+0.0028%	8h	0.1251	+0.075%	$305K	$5.5M	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate OP_USDT	+0.0064%	8h	0.1249	−0.080%	$2.0M	$1.4M	50x	as long as short
Variational Omni OPlong	+0.0072%	8h	0.1250	long leg	$221K	$46K	—
KuCoin OPUSDTM	+0.0074%	8h	0.1247	−0.216%	$2.9M	$5.8M	75x	as long as short
Coinbase International OP-PERP-INTXshort	+0.0080%	1h	0.1248	−0.136%	$26K	$71K	50x
Aevo OP-PERP	+0.0088%	1h	0.1247	−0.216%	$3K	$1K	3x	as long as short
Lighter OP	+0.0096%	1h	0.1249	−0.056%	$265K	$1.1M	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1248	−0.136%	$3.5M	$3.7M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1248	−0.136%	$207K	$224K	10x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1247	−0.208%	$18.1M	$25.8M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1247	−0.184%	$6.0M	$28.6M	50x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1247	−0.216%	$5.8M	$6.8M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1248	−0.136%	—	$6.5M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1248	−0.152%	$109K	$222K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1250	+0.064%	$4K	$1.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1251	+0.105%	$43K	$690K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1247	−0.208%	$196	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1249	−0.064%	$169K	$257K	50x	as long as short
BloFin OP-USDT	+0.0105%	8h	0.1248	−0.160%	$980K	$278K	75x	as long as short
Reya OPRUSDPERP	+0.0446%	1h	0.1249	−0.083%	$694	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0513%	1h	0.1249	−0.075%	$742K	$803K	20x	as long as short