Funding you earn now, next payment 05:00 UTC−0.0042%/8h= −4.5% APRpaid last 24h +0.004%
Price spread now: gTrade (Gains Network) against Variational Omni−0.249%7-day average — · 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)—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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.249% cheaper against Variational Omni than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1264 | 0.0045 | pay 0.0045% / 8h | 3h 22m | $223K | $48K | — |
| Short | gTrade (Gains Network) OP/USD | 0.1261 | L +0.0004% / S −0.0004% | get 0.0000% / 1h | 22m 15s | — | — | 150x |
Variational Omni OP
gTrade (Gains Network) OP/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$8.73
- Price spread: −0.249% → 0.000%
- −$24.89
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$43.62
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 32 min ago; gTrade (Gains Network): 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 | 7.86 bp | doesn't fit | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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 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 | −0.1568% | 1h | 0.1258 | −0.460% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1260 | −0.281% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1261 | −0.241% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1260 | −0.302% | $42K | $138K | 25x | as long as short |
| gTrade (Gains Network) OP/USDshort | L +0.0004% / S −0.0004% | 1h | 0.1261 | −0.249% | — | — | 150x | |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1270 | +0.489% | $25K | $58K | 50x | as long as short |
| Variational Omni OPlong | +0.0045% | 8h | 0.1264 | long leg | $223K | $48K | — | |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1260 | −0.302% | $6K | $46K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0057% | 1h | 0.1261 | −0.210% | $773K | $553K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0092% | 8h | 0.1259 | −0.365% | $6.2M | $28.4M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
Coinbase International OP-PERP-INTX
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1260 | −0.286% | $274K | $946K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1261 | −0.223% | $3.7M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1261 | −0.214% | $211K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1260 | −0.329% | $20.4M | $61.1M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1258 | −0.436% | $18.5M | $24.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1260 | −0.262% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1259 | −0.405% | $21.1M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1259 | −0.381% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1260 | −0.302% | $5.8M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1259 | −0.357% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1259 | −0.413% | $117K | $207K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1265 | +0.089% | $4K | $385K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1264 | −0.004% | $306K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1266 | +0.173% | $43K | $709K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1260 | −0.342% | $197 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | −0.310% | $170K | $231K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1259 | −0.375% | $102K | $393K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1260 | −0.312% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1261 | −0.207% | $1.0M | $279K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1260 | −0.339% | $700 | — | 20x | as long as short |
Lighter OP
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
Reya OPRUSDPERP