Funding you earn now, next payment 23:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.042%
Price spread now: Deribit against Variational Omni+0.395%7-day average +0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.094%−$9 on $10k
+Price spread, last 3 days (all we have)−0.324%−$32 · spread now +0.395%, 7d avg +0.051%
=Together, before fees−0.418%+ Points / potential airdropVariational Omni: Active · farm board−$42 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.343% dearer against Variational Omni than usual: you sell high and buy low (spread +0.395% now, against its 7-day average of +0.051%): +$34 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 28 days. At the pace of the last 3 days (−0.094% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1269 | 0.0041 | pay 0.0041% / 8h | 1h 25m | $235K | $49K | — |
| Short | Deribit OP_USDC-PERPETUAL | 0.1274 | 0 | get 0.0000% / 1h | 25m 45s | $42K | $171K | 25x |
Variational Omni OP
Deribit OP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.57
- Price spread: +0.395% → +0.051%
- $34.33
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $18.76
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 58 min ago; Deribit: live order book, 58 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 Variational Omni RFQ quote, 58 min ago | 7.90 bp | doesn't fit | 39.5 bp −$395 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 58 min ago | 7.89 bp | 19.3 bp −$19 | doesn't fit | 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 | 0.1266 | −0.236% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1274 | +0.416% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1269 | +0.001% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1276 | +0.535% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALshort | 0.0000% | 1h | 0.1274 | +0.395% | $42K | $171K | 25x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1274 | +0.409% | — | — | 150x | as long as short |
| Variational Omni OPlong | +0.0041% | 8h | 0.1269 | long leg | $235K | $49K | — | |
| Orderly PERP_OP_USDC | +0.0057% | 8h | 0.1273 | +0.316% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1276 | +0.568% | $276K | $906K | 15x | as long as short |
| OKX OP-USDT-SWAP | +0.0098% | 8h | 0.1274 | +0.426% | $6.0M | $30.1M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
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 | 0.1277 | +0.592% | $4.1M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1276 | +0.519% | $213K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1274 | +0.431% | $20.7M | $61.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1274 | +0.387% | $18.7M | $25.4M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1276 | +0.521% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1275 | +0.442% | $20.1M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1275 | +0.473% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1275 | +0.473% | $6.1M | $6.2M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1275 | +0.434% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1275 | +0.450% | $126K | $190K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1270 | +0.105% | $10K | $379K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1271 | +0.183% | $318K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1271 | +0.158% | $46K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1274 | +0.379% | $180 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1274 | +0.403% | $176K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1274 | +0.428% | $102K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1274 | +0.395% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1273 | +0.300% | $1.0M | $287K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0226% | 1h | 0.1275 | +0.488% | $797K | $745K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1274 | +0.363% | $708 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
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