Funding you earn now, next payment 02:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.003%
Price spread now: dYdX against Variational Omni+0.422%7-day average — · 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)—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
The price spread pays, funding is against you. dYdX is 0.422% dearer against Variational Omni than usual: you sell high and buy low (spread +0.422% now, against zero (this spread has no 7-day history yet)): +$42 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 26 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1259 | 0.0054 | pay 0.0054% / 8h | 6h 02m | $223K | $50K | — |
| Short | dYdX OP-USD | 0.1265 | 0 | get 0.0000% / 1h | 2m 59s | $39K | $519 | 10x |
Variational Omni OP
dYdX OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$11.31
- Price spread: +0.422% → 0.000%
- $42.22
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $20.91
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; dYdX: no order-book sample. 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, 1 min ago | 7.92 bp | doesn't fit | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 29 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 | −0.1535% | 1h | 0.1258 | −0.114% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1264 | +0.366% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0184% | 1h | 0.1279 | +1.554% | $25K | $72K | 50x | as long as short |
| dYdX OP-USDshort | 0.0000% | 1h | 0.1265 | +0.422% | $39K | $519 | 10x | |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1265 | +0.442% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1264 | +0.394% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0053% | 8h | 0.1264 | +0.363% | $6K | $46K | 10x | as long as short |
| Variational Omni OPlong | +0.0054% | 8h | 0.1259 | long leg | $223K | $50K | — | |
| OKX OP-USDT-SWAP | +0.0061% | 8h | 0.1263 | +0.307% | $6.1M | $29.3M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1266 | +0.514% | $281K | $949K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1264 | +0.387% | $3.7M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1265 | +0.472% | $211K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1264 | +0.344% | $20.3M | $61.2M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1263 | +0.299% | $18.4M | $25.5M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1265 | +0.434% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1264 | +0.339% | $20.7M | $7.5M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1264 | +0.363% | $2.9M | $6.8M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1264 | +0.363% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1265 | +0.442% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1264 | +0.339% | $121K | $197K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1260 | +0.070% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1259 | −0.067% | $310K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1261 | +0.125% | $43K | $707K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1265 | +0.403% | $184 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1265 | +0.474% | $175K | $222K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1264 | +0.368% | $101K | $392K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1265 | +0.412% | $3K | $1K | 3x | as long as short |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1264 | +0.360% | $703 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0461% | 1h | 0.1266 | +0.502% | $799K | $585K | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
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
Reya OPRUSDPERP
Kraken Futures PF_OPUSD