Funding you earn now, next payment 06:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h −0.060%
Price spread now: BloFin against Kraken Futures−0.152%57s7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as 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−$920.925% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.152%, 7d avg −0.070%
=Funding pays, the price is against you. BloFin is 0.082% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.152% now, against its 7-day average of −0.070%). If the spread goes back, that is −$8 on $10k: about 45 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.112% in total) that is about 5.1 days. The two prices were read 57 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 | Kraken Futures PF_OPUSD | 0.1260 | 0.0074 | pay 0.0009% / 1h | 35m 50s | $764K | $619K | 20x |
| Short | BloFin OP-USDT | 0.1258 | 0.0220 | get 0.0220% / 8h | 2h 35m | $1.0M | $277K | 75x |
Kraken Futures PF_OPUSD
BloFin OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kraken Futures. 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
- $30.65
- Price spread: −0.152% → −0.070%
- −$8.21
- Slippage, 4 orders
- −$70.47
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$70.03
- Costs to cover
- 0.925%
- Break-even
- 23.0 days
Slippage from Kraken Futures: live order book, 12 min ago; BloFin: live order book, 1 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 Kraken Futures live order book, 12 min ago | 15.31 bp | 35.2 bp −$35 | 168.2 bp −$1,682 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 1.59 bp | 16.5 bp −$17 | 32.9 bp −$329 | doesn't fit | 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 | 0.1243 | −1.335% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1259 | −0.066% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1259 | −0.081% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1259 | −0.065% | $40K | $139K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1259 | −0.041% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0026% | 8h | 0.1258 | −0.144% | $59K | $143K | 10x | as long as short |
| Variational Omni OP | +0.0030% | 8h | 0.1257 | −0.219% | $222K | $48K | — | as long as short |
| Kraken Futures PF_OPUSDlong | +0.0074% | 1h | 0.1260 | long leg | $764K | $619K | 20x | |
| Lighter OP | +0.0096% | 1h | 0.1262 | +0.205% | $291K | $987K | 15x | as long as short |
| OKX OP-USDT-SWAP | +0.0098% | 8h | 0.1261 | +0.118% | $6.2M | $28.9M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Lighter OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1262 | +0.165% | $3.5M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1261 | +0.108% | $208K | $218K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1261 | +0.125% | $20.0M | $63.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1260 | +0.022% | $18.7M | $25.5M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1261 | +0.062% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1261 | +0.078% | $23.1M | $7.6M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1259 | −0.065% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1261 | +0.094% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1260 | +0.015% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1259 | −0.065% | $106K | $215K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1248 | −0.945% | $378K | $769K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1247 | −1.001% | $316K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1249 | −0.859% | $43K | $703K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1258 | −0.112% | $198 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | +0.038% | $173K | $236K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1261 | +0.058% | $101K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1258 | −0.122% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1245 | −1.176% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDTshort | +0.0220% | 8h | 0.1258 | −0.152% | $1.0M | $277K | 75x | |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1257 | −0.184% | $699 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
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
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Reya OPRUSDPERP