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 HTX+0.156%59s7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as 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−$600.601% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.156%, 7d avg −0.009%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.166% dearer against HTX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.009%. The two prices were read 59 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 | HTX OP-USDT | 0.1279 | 0.0100 | pay 0.0100% / 8h | 27m 54s | $177K | $235K | 50x |
| Short | BloFin OP-USDT | 0.1281 | 0.0220 | get 0.0220% / 8h | 27m 54s | $1.0M | $281K | 75x |
HTX OP-USDT
BloFin OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against HTX. 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: +0.156% → −0.009%
- $16.58
- Slippage, 4 orders
- −$36.09
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$18.31
- Costs to cover
- 0.601%
- Break-even
- 12.1 days
Slippage from HTX: live order book, 49 min ago; BloFin: live order book, 4 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 HTX live order book, 49 min ago | 5.85 bp | 15.2 bp −$15 | 2650.7 bp −$26.5K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.39 bp | 11.8 bp −$12 | 20.4 bp −$204 | 50.8 bp −$5,081 | 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 | 0.1272 | −0.578% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1279 | −0.013% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0344% | 1h | 0.1276 | −0.266% | $21K | $65K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1281 | +0.109% | $40K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1280 | +0.047% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1280 | +0.029% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0063% | 8h | 0.1279 | −0.031% | $6K | $50K | 10x | as long as short |
| Variational Omni OP | +0.0074% | 8h | 0.1279 | −0.070% | $234K | $54K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1280 | +0.070% | $285K | $928K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1280 | +0.086% | $4.1M | $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 | 0.1280 | +0.065% | $214K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1278 | −0.070% | $20.7M | $61.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1278 | −0.109% | $18.5M | $25.7M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1278 | −0.070% | $6.1M | $30.4M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1280 | +0.016% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1279 | −0.047% | $20.3M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1279 | −0.031% | $2.9M | $7.3M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1280 | +0.047% | $6.1M | $6.3M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1279 | −0.031% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1279 | −0.063% | $124K | $189K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1279 | −0.062% | $10K | $384K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1279 | −0.059% | $320K | $5.0M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1279 | −0.031% | $46K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1279 | −0.031% | $197 | $6K | 5x | as long as short |
| HTX OP-USDTlong | +0.0100% | 8h | 0.1279 | long leg | $177K | $235K | 50x | |
| Extended OP-USD | +0.0104% | 1h | 0.1278 | −0.081% | $102K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1279 | −0.002% | $4K | — | 3x | as long as short |
| BloFin OP-USDTshort | +0.0220% | 8h | 0.1281 | +0.156% | $1.0M | $281K | 75x | |
| Kraken Futures PF_OPUSD | +0.0357% | 1h | 0.1281 | +0.094% | $804K | $748K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0438% | 1h | 0.1279 | −0.034% | $711 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
Extended OP-USD
Aevo OP-PERP
Kraken Futures PF_OPUSD
Reya OPRUSDPERP