Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h −0.010%
Price spread now: BloFin against Aster+0.075%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$660.658% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 3 days (all we have)+0.562%+$56 · spread now +0.075%, 7d avg −0.020%
=Together, before fees+0.698%+ Points / potential airdropAster: Stage 5 · farm board+$70 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.095% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPUSDT | 0.1245 | 0.0100 | pay 0.0100% / 8h | 2h 57m | $210K | $243K | 10x |
| Short | BloFin OP-USDT | 0.1245 | 0.0220 | get 0.0220% / 8h | 2h 57m | $997K | $294K | 75x |
Aster OPUSDT
BloFin OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Aster. 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
- $25.2
- Price spread: +0.075% → −0.020%
- $9.52
- Slippage, 4 orders
- −$45.8
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$31.08
- Costs to cover
- 0.658%
- Break-even
- 15.6 days
Slippage from Aster: live order book, 29 min ago; BloFin: live order book, 29 min ago.
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 Aster live order book, 29 min ago | 11.58 bp | 20.7 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 29 min ago | 0.40 bp | 12.0 bp −$12 | 20.9 bp −$209 | 60.1 bp −$6,013 | 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 | −0.1658% | 1h | 0.1239 | −0.447% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1066% / S +0.0229% | 1h | 0.1246 | +0.079% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0328% | 1h | 0.1243 | −0.126% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1245 | +0.059% | $38K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1246 | +0.115% | $43K | $194K | 25x | as long as short |
| Variational Omni OP | +0.0001% | 8h | 0.1249 | +0.362% | $227K | $44K | — | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1246 | +0.090% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0026% | 8h | 0.1245 | +0.035% | $6K | $51K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0094% | 8h | 0.1246 | +0.091% | $5.7M | $29.6M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1246 | +0.155% | $266K | $899K | 15x | 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
Variational Omni OP
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OP_USDT | +0.0097% | 8h | 0.1245 | +0.019% | $1.8M | $1.4M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1248 | +0.252% | $3.9M | $3.0M | 5x | as long as short |
| Aster OPUSDTlong | +0.0100% | 8h | 0.1245 | long leg | $210K | $243K | 10x | |
| Binance OPUSDT | +0.0100% | 8h | 0.1246 | +0.123% | $20.1M | $63.3M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1245 | +0.059% | $18.4M | $25.6M | 75x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1245 | +0.035% | $20.0M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1246 | +0.115% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1246 | +0.115% | $5.9M | $6.3M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1245 | +0.075% | — | $6.9M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1246 | +0.091% | $127K | $195K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1247 | +0.172% | $9K | $379K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1246 | +0.115% | $303K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1246 | +0.115% | $45K | $719K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1245 | +0.027% | $152 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1245 | +0.067% | $177K | $228K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1245 | +0.012% | $100K | $196K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1245 | +0.035% | $4K | — | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0138% | 1h | 0.1246 | +0.129% | $770K | $744K | 20x | as long as short |
| BloFin OP-USDTshort | +0.0220% | 8h | 0.1245 | +0.075% | $997K | $294K | 75x | |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1245 | +0.042% | $692 | — | 20x | as long as short |
Gate OP_USDT
Hyperliquid OP
Binance OPUSDT
Bybit OPUSDT
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
Kraken Futures PF_OPUSD
Reya OPRUSDPERP