Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.025%
Price spread now: Bybit against Variational Omni+0.049%7-day average −0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.041%+$4 on $10k
+Price spread, last 3 days (all we have)−0.251%−$25 · spread now +0.049%, 7d avg −0.016%
=Together, before fees−0.210%+ Points / potential airdropVariational Omni: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.065% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1273 | 0.0061 | pay 0.0061% / 8h | 7h 59m | $232K | $47K | — |
| Short | Bybit OPUSDT | 0.1274 | 0.0100 | get 0.0100% / 8h | 7h 59m | $18.4M | $25.9M | 75x |
Variational Omni OP
Bybit OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $8.2
- Price spread: +0.049% → −0.016%
- $6.47
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $3.67
- Costs to cover
- 0.110%
- Break-even
- 3.9 days
Slippage unknown: Variational Omni: RFQ quote, 14 min ago; Bybit: live order book, 9 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, 14 min ago | 7.85 bp | doesn't fit | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 0.39 bp | 10.1 bp −$10 | 23.0 bp −$230 | 93.3 bp −$9,327 | 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 | −0.1633% | 1h | 0.1268 | −0.415% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1276 | +0.251% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0344% | 1h | 0.1270 | −0.257% | $21K | $65K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1277 | +0.284% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1276 | +0.214% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1277 | +0.274% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0060% | 8h | 0.1276 | +0.214% | $6K | $49K | 10x | as long as short |
| Variational Omni OPlong | +0.0061% | 8h | 0.1273 | long leg | $232K | $47K | — | |
| Lighter OP | +0.0096% | 1h | 0.1277 | +0.261% | $290K | $963K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1277 | +0.269% | $4.1M | $2.9M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
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 | 0.1276 | +0.231% | $213K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1274 | +0.046% | $20.6M | $61.9M | 75x | as long as short |
| Bybit OPUSDTshort | +0.0100% | 8h | 0.1274 | +0.049% | $18.4M | $25.9M | 75x | |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1274 | +0.057% | $6.0M | $30.3M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1277 | +0.284% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1275 | +0.104% | $20.2M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1276 | +0.214% | $2.9M | $7.3M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1276 | +0.214% | $6.1M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1275 | +0.135% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1275 | +0.159% | $123K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1274 | +0.082% | $9K | $386K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1272 | −0.100% | $323K | $4.8M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1276 | +0.214% | $46K | $721K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1275 | +0.175% | $186 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1277 | +0.324% | $176K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1274 | +0.092% | $102K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1276 | +0.209% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1276 | +0.198% | $1.0M | $278K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0358% | 1h | 0.1277 | +0.313% | $803K | $749K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0438% | 1h | 0.1276 | +0.217% | $710 | — | 20x | as long as short |
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
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP