Funding you earn now, next payment 16:00 UTC+0.0038%/8h= +4.1% APRnext payment +$0.38 per $10,000 · paid last 24h +0.019%
Price spread now: OKX against Variational Omni−0.052%7-day average +0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.246%−$25 · spread now −0.052%, 7d avg +0.013%
=Together, before fees−0.246%+ Points / potential airdropVariational Omni: Active · farm board−$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.065% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.013%). If the spread goes back, that is −$6 on $10k: about 5.7 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (0.000% in total) that is about years.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1241 | 0.0062 | pay 0.0062% / 8h | 7h 31m | $220K | $47K | — |
| Short | OKX OP-USDT-SWAP | 0.1240 | 0.0100 | get 0.0100% / 8h | 7h 31m | $6.0M | $29.4M | 50x |
Variational Omni OP
OKX OP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $7.95
- Price spread: −0.052% → +0.013%
- −$6.46
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$8.51
- Costs to cover
- 0.100%
- Break-even
- 14.5 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; OKX: live order book, 2 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, 2 min ago | 4.02 bp | doesn't fit | 36.2 bp −$362 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.40 bp | 11.9 bp −$12 | 29.4 bp −$294 | 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 | 0.1235 | −0.495% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1241 | −0.024% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0556% | 1h | 0.1239 | −0.173% | $31K | $165K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0048% | 8h | 0.1240 | −0.092% | $12K | $235K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1241 | −0.028% | $38K | $522 | 10x | as long as short |
| KuCoin OPUSDTM | +0.0001% | 8h | 0.1239 | −0.173% | $2.9M | $6.1M | 75x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1241 | −0.029% | — | — | 150x | as long as short |
| Variational Omni OPlong | +0.0062% | 8h | 0.1241 | long leg | $220K | $47K | — | |
| Lighter OP | +0.0096% | 1h | 0.1241 | −0.012% | $286K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1240 | −0.060% | $3.5M | $3.7M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
dYdX OP-USD
KuCoin OPUSDTM
gTrade (Gains Network) OP/USD
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1240 | −0.092% | $200K | $214K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1240 | −0.112% | $19.2M | $68.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1240 | −0.124% | $18.1M | $26.5M | 75x | as long as short |
| OKX OP-USDT-SWAPshort | +0.0100% | 8h | 0.1240 | −0.052% | $6.0M | $29.4M | 50x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1240 | −0.060% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1240 | −0.076% | $22.1M | $7.8M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1240 | −0.092% | $5.7M | $6.9M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1240 | −0.084% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1240 | −0.100% | $111K | $224K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1242 | +0.105% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1243 | +0.175% | $310K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1243 | +0.149% | $43K | $693K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1240 | −0.108% | $190 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1241 | +0.021% | $165K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1240 | −0.088% | $99K | $612K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1236 | −0.440% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1244 | +0.230% | $25K | $69K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0156% | 1h | 0.1242 | +0.082% | $740K | $723K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1241 | +0.012% | $994K | $322K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1240 | −0.130% | $689 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
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
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP