Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.7% APRpaid last 24h +0.001%
Price spread now: Extended against Variational Omni−0.022%7-day average −0.029% · 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)+0.023%+$2 on $10k
+Price spread, last 3 days (all we have)−0.139%−$14 · spread now −0.022%, 7d avg −0.029%
=Together, before fees−0.116%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1286 | 0.0080 | pay 0.0080% / 8h | 49m 25s | $236K | $54K | — |
| Short | Extended OP-USD | 0.1286 | 0.0104 | get 0.0013% / 1h | 49m 25s | $103K | $186K | 25x |
Variational Omni OP
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $5.09
- Price spread: −0.022% → −0.029%
- $0.79
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $0.88
- Costs to cover
- 0.050%
- Break-even
- 5.8 days
Slippage unknown: Variational Omni: RFQ quote, 30 min ago; Extended: live order book, 27 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, 30 min ago | 7.82 bp | doesn't fit | 23.5 bp −$235 | doesn't fit | doesn't fit |
| Sell Extended live order book, 27 min ago | 11.72 bp | 20.8 bp −$21 | 143.4 bp −$1,434 | 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 | −0.1633% | 1h | 0.1284 | −0.186% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1286 | +0.003% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0528% | 1h | 0.1285 | −0.108% | $42K | $171K | 25x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0344% | 1h | 0.1286 | −0.030% | $21K | $65K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1287 | +0.034% | $40K | $519 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1287 | +0.030% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0063% | 8h | 0.1285 | −0.108% | $6K | $49K | 10x | as long as short |
| Variational Omni OPlong | +0.0080% | 8h | 0.1286 | long leg | $236K | $54K | — | |
| Lighter OP | +0.0096% | 1h | 0.1288 | +0.094% | $290K | $920K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1288 | +0.110% | $4.2M | $2.9M | 5x | 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
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 | 0.1287 | +0.049% | $215K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1286 | −0.020% | $20.8M | $61.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1285 | −0.147% | $18.7M | $25.7M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1285 | −0.116% | $6.1M | $30.5M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1287 | +0.016% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1286 | −0.007% | $20.4M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1286 | −0.030% | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1287 | +0.047% | $6.1M | $6.3M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1286 | −0.030% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1285 | −0.069% | $125K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1287 | +0.039% | $11K | $383K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1287 | +0.047% | $322K | $5.0M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1287 | +0.047% | $46K | $723K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1285 | −0.100% | $189 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1287 | +0.063% | $178K | $233K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1286 | −0.022% | $103K | $186K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1286 | −0.068% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1287 | +0.040% | $1.0M | $291K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0355% | 1h | 0.1286 | −0.008% | $804K | $745K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1286 | −0.042% | $715 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
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
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP