Funding you earn now, next payment 12:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h +0.026%
Price spread now: edgeX against Variational Omni+0.100%59s7-day average +0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.100%, 7d avg +0.002%
=Together, before fees−0.104%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.098% dearer against Variational Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1262 | 0.0073 | pay 0.0073% / 8h | 7h 00m | $223K | $46K | — |
| Short | edgeX OPUSDC | 0.1263 | 0.0100 | get 0.0050% / 4h | 3h 00m | $4K | $1.1M | 10x |
Variational Omni OP
edgeX OPUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $5.61
- Price spread: +0.100% → +0.002%
- $9.82
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $6.43
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 33 min ago; edgeX: live order book, 3 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, 33 min ago | 4.02 bp | doesn't fit | 36.2 bp −$362 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 3 min ago | 39.53 bp | 47.2 bp −$47 | 178.0 bp −$1,780 | 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 | 0.1257 | −0.398% | $35K | $67K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1263 | +0.103% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0541% | 1h | 0.1263 | +0.078% | $31K | $153K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0050% | 8h | 0.1263 | +0.078% | $12K | $233K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1264 | +0.141% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1264 | +0.129% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0016% | 8h | 0.1262 | −0.001% | $2.9M | $6.0M | 75x | as long as short |
| Variational Omni OPlong | +0.0073% | 8h | 0.1262 | long leg | $223K | $46K | — | |
| Binance OPUSDT | +0.0091% | 8h | 0.1263 | +0.054% | $19.5M | $68.0M | 75x | as long as short |
| MEXC OP_USDT | +0.0092% | 8h | 0.1263 | +0.094% | $22.5M | $7.9M | 300x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
dYdX OP-USD
gTrade (Gains Network) OP/USD
KuCoin OPUSDTM
Binance OPUSDT
MEXC OP_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1264 | +0.157% | $290K | $1.1M | 15x | as long as short |
| Extended OP-USD | +0.0096% | 1h | 0.1263 | +0.050% | $104K | $590K | 25x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1263 | +0.062% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1264 | +0.125% | $204K | $211K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1262 | +0.030% | $18.5M | $26.2M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1263 | +0.086% | $6.1M | $29.6M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1263 | +0.086% | $2.0M | $1.5M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1263 | +0.078% | $5.8M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1263 | +0.078% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1263 | +0.062% | $113K | $214K | 10x | as long as short |
| edgeX OPUSDCshort | +0.0100% | 4h | 0.1263 | +0.100% | $4K | $1.1M | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1263 | +0.078% | $307K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1264 | +0.157% | $44K | $692K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1263 | +0.086% | $191 | $5K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1265 | +0.221% | $172K | $266K | 50x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1263 | +0.078% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1265 | +0.236% | $25K | $69K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0153% | 1h | 0.1265 | +0.272% | $749K | $734K | 20x | as long as short |
| BloFin OP-USDT | +0.0212% | 8h | 0.1265 | +0.197% | $989K | $279K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1263 | +0.065% | $702 | — | 20x | as long as short |
Lighter OP
Extended OP-USD
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP