OP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0063%/8h= +7.0% APRpaid last 24h −0.004%

Price spread now: Variational Omni against gTrade (Gains Network)−0.094%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Variational Omni

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Variational Omni is 0.094% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) OP/USD	0.1274	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	20m 56s	—	—	150x
Short	Variational Omni OP	0.1273	0.0068	get 0.0068% / 8h	20m 56s	$232K	$55K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee Variational OmnibpOrdersPrice spread, now −0.094%Rate

Funding earned: $13.33
Price spread: −0.094% → 0.000%: −$9.43
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.11
Costs to cover: 0.100%
Break-even: 10.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 58 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 58 min ago	7.82 bp	doesn't fit	31.3 bp −$313	doesn't fit	doesn't fit

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	−0.1633%	1h	0.1267	−0.532%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1273	−0.039%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0344%	1h	0.1270	−0.297%	$21K	$65K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1275	+0.082%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1273	−0.061%	$42K	$171K	25x	as long as short
gTrade (Gains Network) OP/USDlong	L +0.0004% / S −0.0004%	1h	0.1274	long leg	—	—	150x
Orderly PERP_OP_USDC	+0.0062%	8h	0.1272	−0.140%	$6K	$50K	10x	as long as short
Variational Omni OPshort	+0.0068%	8h	0.1273	−0.094%	$232K	$55K	—
Lighter OP	+0.0096%	1h	0.1273	−0.030%	$288K	$954K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1274	+0.009%	$4.1M	$2.9M	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPUSDT	+0.0100%	8h	0.1273	−0.057%	$213K	$241K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1273	−0.069%	$20.6M	$61.9M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1272	−0.116%	$18.3M	$25.9M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1272	−0.124%	$6.0M	$30.3M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1273	−0.069%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1272	−0.116%	$20.1M	$7.3M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1272	−0.140%	$2.9M	$7.3M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1273	−0.061%	$6.1M	$6.3M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1272	−0.140%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1272	−0.148%	$123K	$189K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1272	−0.156%	$10K	$383K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1274	−0.018%	$320K	$4.8M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1272	−0.140%	$46K	$724K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1272	−0.179%	$191	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1273	−0.061%	$176K	$235K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1272	−0.116%	$102K	$186K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1272	−0.124%	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1272	−0.124%	$1.0M	$279K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0359%	1h	0.1273	−0.025%	$801K	$749K	20x	as long as short
Reya OPRUSDPERP	+0.0438%	1h	0.1273	−0.042%	$708	—	20x	as long as short