Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.39 per $10,000 · paid last 24h −0.033%
Price spread now: Variational Omni against HTX−0.182%7-day average −0.072% · 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)−0.048%−$5 on $10k
+Price spread, last 3 days (all we have)+0.015%+$2 · spread now −0.182%, 7d avg −0.072%
=Together, before fees−0.033%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.110% cheaper against HTX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX OP-USDT | 0.1276 | 0.0100 | pay 0.0100% / 8h | 7h 57m | $176K | $234K | 50x |
| Short | Variational Omni OP | 0.1273 | 0.0061 | get 0.0061% / 8h | 7h 57m | $232K | $47K | — |
HTX OP-USDT
Variational Omni OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against HTX. 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
- −$8.2
- Price spread: −0.182% → −0.072%
- −$11.03
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$31.22
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 14 min ago; Variational Omni: RFQ quote, 16 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 HTX live order book, 14 min ago | 7.85 bp | 16.8 bp −$17 | 2713.4 bp −$27.1K | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 16 min ago | 7.85 bp | doesn't fit | 23.5 bp −$235 | 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 | −0.1656% | 1h | 0.1269 | −0.517% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1274 | −0.161% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0536% | 1h | 0.1271 | −0.361% | $42K | $171K | 25x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0352% | 1h | 0.1270 | −0.439% | $21K | $65K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1272 | −0.316% | $39K | $519 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1274 | −0.143% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0059% | 8h | 0.1272 | −0.282% | $6K | $49K | 10x | as long as short |
| Variational Omni OPshort | +0.0061% | 8h | 0.1273 | −0.182% | $232K | $47K | — | |
| Bybit OPUSDT | +0.0084% | 8h | 0.1270 | −0.439% | $18.5M | $26.1M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1272 | −0.282% | $289K | $939K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Coinbase International OP-PERP-INTX
dYdX OP-USD
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Bybit OPUSDT
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1272 | −0.251% | $4.1M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1272 | −0.297% | $212K | $236K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1271 | −0.345% | $20.6M | $62.0M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1271 | −0.368% | $6.0M | $30.2M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1272 | −0.274% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1271 | −0.368% | $20.1M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1270 | −0.439% | $2.9M | $7.3M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1272 | −0.282% | $6.1M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1272 | −0.306% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1272 | −0.306% | $123K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1274 | −0.164% | $9K | $382K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1275 | −0.048% | $323K | $4.8M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1275 | −0.047% | $46K | $721K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1272 | −0.306% | $183 | $6K | 5x | as long as short |
| HTX OP-USDTlong | +0.0100% | 8h | 0.1276 | long leg | $176K | $234K | 50x | |
| Extended OP-USD | +0.0104% | 1h | 0.1272 | −0.312% | $102K | $182K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1273 | −0.216% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1273 | −0.235% | $1.0M | $277K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0381% | 1h | 0.1274 | −0.139% | $801K | $749K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0438% | 1h | 0.1273 | −0.181% | $708 | — | 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
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP