Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.029%
Price spread now: Binance against BloFin+0.099%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$510.511% of the position
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 3 days (all we have)−0.353%−$35 · spread now +0.099%, 7d avg −0.006%
=The price spread pays, funding is against you. Binance is 0.105% dearer against BloFin than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of −0.006%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OP-USDT | 0.1288 | 0.0220 | pay 0.0220% / 8h | 57m 07s | $1.0M | $291K | 75x |
| Short | Binance OPUSDT | 0.1289 | 0.0100 | get 0.0100% / 8h | 57m 07s | $20.9M | $61.7M | 75x |
BloFin OP-USDT
Binance OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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: +0.099% → −0.006%
- $10.45
- Slippage, 4 orders
- −$29.08
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$65.82
- Costs to cover
- 0.511%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Binance: live order book, 15 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 BloFin live order book, 5 min ago | 6.23 bp | 15.9 bp −$16 | 26.3 bp −$263 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.39 bp | 9.4 bp −$9 | 21.1 bp −$211 | 90.3 bp −$9,033 | 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 | −0.1633% | 1h | 0.1281 | −0.559% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1288 | +0.005% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0344% | 1h | 0.1280 | −0.637% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1288 | −0.039% | $40K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1288 | −0.016% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1288 | −0.016% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0063% | 8h | 0.1288 | −0.016% | $6K | $50K | 10x | as long as short |
| Variational Omni OP | +0.0076% | 8h | 0.1284 | −0.297% | $236K | $54K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1290 | +0.140% | $291K | $918K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1290 | +0.171% | $4.2M | $2.9M | 5x | 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
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1289 | +0.085% | $215K | $241K | 10x | as long as short |
| Binance OPUSDTshort | +0.0100% | 8h | 0.1289 | +0.099% | $20.9M | $61.7M | 75x | |
| Bybit OPUSDT | +0.0100% | 8h | 0.1288 | +0.023% | $18.9M | $25.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1289 | +0.054% | $6.1M | $30.5M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1289 | +0.047% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1290 | +0.109% | $20.6M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1288 | −0.016% | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1290 | +0.140% | $6.1M | $6.3M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1289 | +0.031% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1289 | +0.062% | $126K | $189K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1286 | −0.146% | $11K | $382K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1287 | −0.063% | $322K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1286 | −0.171% | $46K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1288 | +0.008% | $182 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1288 | −0.054% | $178K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1288 | −0.016% | $103K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1289 | +0.047% | $4K | — | 3x | as long as short |
| BloFin OP-USDTlong | +0.0220% | 8h | 0.1288 | long leg | $1.0M | $291K | 75x | |
| Kraken Futures PF_OPUSD | +0.0354% | 1h | 0.1290 | +0.109% | $806K | $745K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1288 | −0.021% | $716 | — | 20x | as long as short |
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
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