Funding you earn now, next payment 08:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.45 per $10,000 · paid last 24h +0.033%
Price spread now: KuCoin against Variational Omni+0.346%7-day average +0.027% · 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)+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)−1.038%−$104 · spread now +0.346%, 7d avg +0.027%
=Together, before fees−0.986%+ Points / potential airdropVariational Omni: Active · farm board−$99 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 KuCoin is 0.319% dearer against Variational Omni than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1264 | 0.0055 | pay 0.0055% / 8h | 5h 56m | $223K | $50K | — |
| Short | KuCoin OPUSDTM | 0.1268 | 0.0100 | get 0.0100% / 8h | 5h 56m | $2.9M | $6.8M | 75x |
Variational Omni OP
KuCoin OPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $9.49
- Price spread: +0.346% → +0.027%
- $31.89
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $29.39
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 8 min ago; KuCoin: live order book, 2 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, 8 min ago | 7.92 bp | doesn't fit | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 7.94 bp | 23.4 bp −$23 | 72.5 bp −$725 | doesn't fit | doesn't fit |
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 | −0.1488% | 1h | 0.1259 | −0.366% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1269 | +0.439% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1267 | +0.243% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1269 | +0.425% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1269 | +0.403% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0049% | 8h | 0.1268 | +0.370% | $6.1M | $29.2M | 50x | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1269 | +0.425% | $6K | $45K | 10x | as long as short |
| Variational Omni OPlong | +0.0055% | 8h | 0.1264 | long leg | $223K | $50K | — | |
| Lighter OP | +0.0096% | 1h | 0.1269 | +0.401% | $281K | $934K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1270 | +0.480% | $3.7M | $3.0M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1269 | +0.408% | $212K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1269 | +0.425% | $20.4M | $60.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1268 | +0.338% | $18.4M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1269 | +0.425% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1269 | +0.433% | $20.8M | $6.9M | 300x | as long as short |
| KuCoin OPUSDTMshort | +0.0100% | 8h | 0.1268 | +0.346% | $2.9M | $6.8M | 75x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1269 | +0.425% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1269 | +0.425% | — | $6.7M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1261 | −0.176% | $120K | $195K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1265 | +0.079% | $4K | $390K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1264 | +0.057% | $311K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1266 | +0.188% | $43K | $706K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1268 | +0.354% | $182 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1269 | +0.457% | $175K | $218K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1267 | +0.287% | $101K | $392K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1268 | +0.342% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0152% | 1h | 0.1265 | +0.109% | $24K | $71K | 50x | as long as short |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1268 | +0.380% | $705 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0489% | 1h | 0.1269 | +0.425% | $802K | $584K | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
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
Coinbase International OP-PERP-INTX
Reya OPRUSDPERP
Kraken Futures PF_OPUSD