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 Bitget−0.144%45s7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days+0.170%+$17 on $10k
+Price spread, last 3 days (all we have)+0.952%+$95 · spread now −0.144%, 7d avg +0.010%
=Funding pays, the price is against you. BloFin is 0.155% cheaper against Bitget than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of +0.010%). If the spread goes back, that is −$15 on $10k: about 4.3 days of funding at the current rate (+$4 a day). The two prices were read 45 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 | Bitget OPUSDT | 0.1248 | 0.0100 | pay 0.0100% / 8h | 2h 58m | $5.9M | $6.3M | 75x |
| Short | BloFin OP-USDT | 0.1246 | 0.0220 | get 0.0220% / 8h | 2h 58m | $993K | $296K | 75x |
Bitget OPUSDT
BloFin OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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: −0.144% → +0.010%
- −$15.46
- Slippage, 4 orders
- −$32.2
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$46.46
- Costs to cover
- 0.562%
- Break-even
- 19.9 days
Slippage from Bitget: live order book, 5 min ago; BloFin: live order book, 28 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 Bitget live order book, 5 min ago | 4.00 bp | 15.8 bp −$16 | 28.5 bp −$285 | 114.7 bp −$11.5K | doesn't fit |
| Sell BloFin live order book, 28 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 | 0.1242 | −0.481% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1066% / S +0.0229% | 1h | 0.1247 | −0.111% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0328% | 1h | 0.1245 | −0.240% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1246 | −0.136% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1247 | −0.080% | $43K | $194K | 25x | as long as short |
| Variational Omni OP | +0.0001% | 8h | 0.1249 | +0.086% | $227K | $44K | — | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1247 | −0.091% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0026% | 8h | 0.1247 | −0.080% | $6K | $51K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0093% | 8h | 0.1247 | −0.096% | $5.8M | $29.7M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1246 | −0.136% | $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 | −0.248% | $1.8M | $1.4M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1249 | +0.048% | $3.9M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1246 | −0.146% | $210K | $242K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1247 | −0.088% | $20.2M | $63.3M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1246 | −0.128% | $18.4M | $25.7M | 75x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1247 | −0.088% | $20.1M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1247 | −0.080% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDTlong | +0.0100% | 8h | 0.1248 | long leg | $5.9M | $6.3M | 75x | |
| BingX OP-USDT | +0.0100% | 8h | 0.1245 | −0.224% | — | $6.9M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1246 | −0.184% | $127K | $196K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1250 | +0.196% | $9K | $381K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1249 | +0.094% | $304K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1251 | +0.240% | $45K | $721K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1246 | −0.144% | $148 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1249 | +0.040% | $178K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1245 | −0.248% | $100K | $196K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1245 | −0.212% | $4K | — | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0138% | 1h | 0.1248 | −0.025% | $771K | $752K | 20x | as long as short |
| BloFin OP-USDTshort | +0.0220% | 8h | 0.1246 | −0.144% | $993K | $296K | 75x | |
| Reya OPRUSDPERP | +0.0435% | 1h | 0.1247 | −0.082% | $693 | — | 20x | as long as short |
Gate OP_USDT
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
MEXC OP_USDT
KuCoin OPUSDTM
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