Funding you earn now, next payment 16:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.009%
Price spread now: Variational Omni against Binance−0.070%7-day average −0.054% · 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)−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.692%+$69 · spread now −0.070%, 7d avg −0.054%
=Together, before fees+0.678%+ Points / potential airdropVariational Omni: Active · farm board+$68 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPUSDT | 0.1249 | 0.0100 | pay 0.0100% / 8h | 7h 53m | $19.7M | $67.8M | 75x |
| Short | Variational Omni OP | 0.1248 | 0.0070 | get 0.0070% / 8h | 7h 53m | $221K | $47K | — |
Binance OPUSDT
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Binance. 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
- −$6.31
- Price spread: −0.070% → −0.054%
- −$1.65
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$17.95
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 4 min ago; Variational Omni: RFQ quote, 45 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 Binance live order book, 4 min ago | 0.40 bp | 10.9 bp −$11 | 22.1 bp −$221 | 112.0 bp −$11.2K | doesn't fit |
| Sell Variational Omni RFQ quote, 45 min ago | 8.01 bp | doesn't fit | 24.0 bp −$240 | 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 | −1.107% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1249 | +0.037% | $13K | — | 100x | as long as short |
| Gate OP_USDT | −0.0270% | 8h | 0.1249 | +0.047% | $2.0M | $1.5M | 50x | as long as short |
| Bybit OPUSDT | −0.0109% | 8h | 0.1248 | −0.082% | $18.2M | $26.3M | 75x | as long as short |
| Orderly PERP_OP_USDC | −0.0054% | 8h | 0.1249 | +0.015% | $12K | $236K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1250 | +0.091% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1249 | +0.015% | $31K | $165K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1250 | +0.063% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0044% | 8h | 0.1249 | +0.015% | $2.8M | $6.0M | 75x | as long as short |
| GRVT OP_USDT_Perp | +0.0055% | 8h | 0.1248 | −0.082% | $305K | $5.3M | 10x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Gate OP_USDT
Bybit OPUSDT
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
KuCoin OPUSDTM
GRVT OP_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni OPshort | +0.0070% | 8h | 0.1248 | −0.070% | $221K | $47K | — | |
| Lighter OP | +0.0096% | 1h | 0.1250 | +0.071% | $288K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1249 | −0.017% | $3.5M | $3.6M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1250 | +0.098% | $205K | $210K | 10x | as long as short |
| Binance OPUSDTlong | +0.0100% | 8h | 0.1249 | long leg | $19.7M | $67.8M | 75x | |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1248 | −0.082% | $6.0M | $29.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1249 | +0.015% | $22.3M | $7.7M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1248 | −0.066% | $5.6M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1250 | +0.095% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1249 | −0.001% | $117K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1252 | +0.270% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1248 | −0.066% | $43K | $694K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1249 | +0.007% | $195 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1250 | +0.063% | $166K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1248 | −0.082% | $100K | $610K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1249 | +0.039% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1249 | +0.015% | $24K | $66K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0155% | 1h | 0.1250 | +0.126% | $744K | $676K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1247 | −0.114% | $995K | $324K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1250 | +0.078% | $695 | — | 20x | as long as short |
Lighter OP
Hyperliquid OP
Aster OPUSDT
OKX OP-USDT-SWAP
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
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