Funding you earn now, next payment 10:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.003%
Price spread now: gTrade (Gains Network) against Variational Omni−0.136%66s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.136% cheaper against Variational Omni than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1250 | 0.0072 | pay 0.0072% / 8h | 6h 18m | $221K | $46K | — |
| Short | gTrade (Gains Network) OP/USD | 0.1248 | L +0.0004% / S −0.0004% | get 0.0000% / 1h | 18m 18s | — | — | 150x |
Variational Omni OP
gTrade (Gains Network) OP/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$14.37
- Price spread: −0.136% → 0.000%
- −$13.55
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$37.92
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 33 min ago; gTrade (Gains Network): 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, 33 min ago | 8.03 bp | doesn't fit | 32.1 bp −$321 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
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 exchanges
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 | −0.1934% | 1h | 0.1257 | +0.585% | $35K | $67K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0886% / S +0.0200% | 1h | 0.1248 | −0.115% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0550% | 1h | 0.1249 | −0.056% | $31K | $128K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0058% | 8h | 0.1248 | −0.136% | $12K | $233K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1250 | +0.016% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USDshort | L +0.0004% / S −0.0004% | 1h | 0.1248 | −0.136% | — | — | 150x | |
| MEXC OP_USDT | +0.0021% | 8h | 0.1249 | −0.032% | $22.1M | $7.6M | 300x | as long as short |
| Binance OPUSDT | +0.0021% | 8h | 0.1249 | −0.039% | $19.2M | $68.1M | 75x | as long as short |
| Extended OP-USD | +0.0024% | 1h | 0.1249 | −0.044% | $102K | $579K | 25x | as long as short |
| GRVT OP_USDT_Perp | +0.0028% | 8h | 0.1251 | +0.075% | $305K | $5.5M | 10x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
dYdX OP-USD
MEXC OP_USDT
Binance OPUSDT
Extended OP-USD
GRVT OP_USDT_PerpShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OP_USDT | +0.0057% | 8h | 0.1250 | 0.000% | $2.0M | $1.4M | 50x | as long as short |
| Variational Omni OPlong | +0.0072% | 8h | 0.1250 | long leg | $221K | $46K | — | |
| KuCoin OPUSDTM | +0.0076% | 8h | 0.1248 | −0.136% | $2.9M | $5.8M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1248 | −0.136% | $26K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0085% | 8h | 0.1248 | −0.136% | $979K | $278K | 75x | as long as short |
| Aevo OP-PERP | +0.0088% | 1h | 0.1249 | −0.096% | $3K | $1K | 3x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1250 | +0.008% | $265K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1250 | −0.008% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1249 | −0.081% | $207K | $224K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1249 | −0.088% | $18.1M | $25.8M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1250 | −0.008% | $6.0M | $28.6M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1249 | −0.056% | $5.8M | $6.8M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1249 | −0.032% | — | $6.5M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1247 | −0.200% | $109K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1250 | +0.064% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1251 | +0.105% | $43K | $690K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1249 | −0.040% | $201 | $5K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1252 | +0.185% | $169K | $257K | 50x | as long as short |
| Reya OPRUSDPERP | +0.0446% | 1h | 0.1249 | −0.033% | $695 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0512% | 1h | 0.1251 | +0.108% | $744K | $802K | 20x | as long as short |
Gate OP_USDT
KuCoin OPUSDTM
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Aevo OP-PERP
Lighter OP
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD