Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.025%
Price spread now: Bitget against Binance+0.088%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 7 days−0.184%−$18 · spread now +0.088%, 7d avg −0.031%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.119% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPUSDT | 0.1251 | 0.0100 | pay 0.0100% / 8h | 2h 00m | $19.5M | $64.9M | 75x |
| Short | Bitget OPUSDT | 0.1252 | 0.0100 | get 0.0100% / 8h | 2h 00m | $5.8M | $6.7M | 75x |
Binance OPUSDT
Bitget OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $0
- Price spread: +0.088% → −0.031%
- $11.94
- Slippage, 4 orders
- −$28.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$38.86
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bitget: live order book, 3 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 Binance live order book, 12 min ago | 0.40 bp | 9.9 bp −$10 | 26.7 bp −$267 | 97.3 bp −$9,728 | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.99 bp | 14.9 bp −$15 | 26.8 bp −$268 | 111.6 bp −$11.2K | 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 | −0.1583% | 1h | 0.1247 | −0.312% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1252 | +0.099% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0548% | 1h | 0.1252 | +0.088% | $33K | $153K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0016% | 8h | 0.1251 | +0.008% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | −0.0003% | 8h | 0.1251 | +0.009% | $222K | $46K | — | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1253 | +0.152% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1252 | +0.092% | — | — | 150x | as long as short |
| Bybit OPUSDT | +0.0056% | 8h | 0.1250 | −0.032% | $18.4M | $25.7M | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1253 | +0.168% | $751K | $633K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0092% | 8h | 0.1251 | +0.032% | $6.1M | $29.1M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
Variational Omni OP
dYdX OP-USD
gTrade (Gains Network) OP/USD
Bybit OPUSDT
Kraken Futures PF_OPUSD
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1252 | +0.056% | $275K | $1.1M | 15x | as long as short |
| KuCoin OPUSDTM | +0.0097% | 8h | 0.1250 | −0.072% | $2.8M | $6.3M | 75x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1251 | −0.024% | $3.5M | $3.3M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1252 | +0.099% | $204K | $213K | 10x | as long as short |
| Binance OPUSDTlong | +0.0100% | 8h | 0.1251 | long leg | $19.5M | $64.9M | 75x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1251 | +0.008% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1251 | +0.008% | $23.1M | $7.7M | 300x | as long as short |
| Bitget OPUSDTshort | +0.0100% | 8h | 0.1252 | +0.088% | $5.8M | $6.7M | 75x | |
| BingX OP-USDC | +0.0100% | 8h | 0.1251 | +0.008% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1251 | +0.008% | $105K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1250 | −0.036% | $379K | $768K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1252 | +0.113% | $309K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | +0.168% | $43K | $704K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1251 | +0.032% | $213 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1254 | +0.232% | $173K | $245K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1250 | −0.102% | $101K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1252 | +0.048% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1254 | +0.248% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1252 | +0.088% | $985K | $306K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1251 | +0.030% | $696 | — | 20x | as long as short |
Lighter OP
KuCoin OPUSDTM
Hyperliquid OP
Aster OPUSDT
Gate OP_USDT
MEXC OP_USDT
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
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP