Funding you earn now, next payment 08:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.033%
Price spread now: Variational Omni against edgeX−0.218%89s7-day average −0.003% · 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)−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.218%, 7d avg −0.003%
=Together, before fees+0.124%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.214% cheaper against edgeX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 89 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 | edgeX OPUSDC | 0.1253 | 0.0100 | pay 0.0050% / 4h | 2h 13m | $380K | $768K | 10x |
| Short | Variational Omni OP | 0.1250 | 0.0007 | get 0.0007% / 8h | 2h 13m | $222K | $46K | — |
edgeX OPUSDC
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against edgeX. 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
- −$19.54
- Price spread: −0.218% → −0.003%
- −$21.42
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$49.96
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 35 min ago; Variational Omni: RFQ quote, 35 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 edgeX live order book, 35 min ago | 3.92 bp | 11.3 bp −$11 | 125.7 bp −$1,257 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 35 min ago | 7.87 bp | doesn't fit | 23.6 bp −$236 | 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 | −0.1583% | 1h | 0.1248 | −0.397% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1253 | −0.036% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0548% | 1h | 0.1252 | −0.077% | $30K | $151K | 25x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1255 | +0.142% | $39K | $532 | 10x | as long as short |
| Orderly PERP_OP_USDC | +0.0002% | 8h | 0.1252 | −0.077% | $59K | $142K | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1252 | −0.045% | — | — | 150x | as long as short |
| Variational Omni OPshort | +0.0007% | 8h | 0.1250 | −0.218% | $222K | $46K | — | |
| Bybit OPUSDT | +0.0071% | 8h | 0.1252 | −0.069% | $18.4M | $25.7M | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1254 | +0.104% | $753K | $634K | 20x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1253 | +0.042% | $287K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
dYdX OP-USD
Orderly PERP_OP_USDC
gTrade (Gains Network) OP/USD
Bybit OPUSDT
Kraken Futures PF_OPUSD
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1253 | −0.014% | $3.4M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1254 | +0.080% | $205K | $213K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1253 | −0.018% | $19.7M | $64.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1252 | −0.053% | $6.2M | $29.0M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1253 | −0.006% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1253 | −0.030% | $23.0M | $7.7M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1251 | −0.157% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1252 | −0.077% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1253 | −0.014% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1253 | −0.038% | $105K | $214K | 10x | as long as short |
| edgeX OPUSDClong | +0.0100% | 4h | 0.1253 | long leg | $380K | $768K | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1254 | +0.082% | $309K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1254 | +0.082% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1253 | −0.030% | $195 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1253 | +0.042% | $174K | $244K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1252 | −0.108% | $101K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1253 | −0.038% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1254 | +0.082% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1253 | −0.038% | $986K | $306K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1256 | +0.277% | $699 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP