Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Binance+0.186%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1191.192% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 3 days (all we have)+0.589%+$59 · spread now +0.186%, 7d avg +0.084%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.102% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPGUSDT | 0.1309 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $6.2M | $33.3M | 20x |
| Short | BloFin OPG-USDT | 0.1311 | 0.0152 | get 0.0076% / 4h | 1h 35m | $218K | $60K | 20x |
Binance OPGUSDT
BloFin OPG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $10.91
- Price spread: +0.186% → +0.084%
- $10.21
- Slippage, 4 orders
- −$97.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$98.09
- Costs to cover
- 1.192%
- Break-even
- 69.9 days
Slippage from Binance: live order book, 7 min ago; BloFin: live order book, 40 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, 7 min ago | 3.81 bp | 23.6 bp −$24 | 185.2 bp −$1,852 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 40 min ago | 3.76 bp | 32.4 bp −$32 | 106.3 bp −$1,063 | doesn't fit | doesn't fit |
OPG on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance OPGUSDTlong | +0.0100% | 4h | 0.1309 | long leg | $6.2M | $33.3M | 20x | |
| Bybit OPGUSDT | +0.0100% | 4h | 0.1308 | −0.082% | $3.2M | $10.4M | 20x | as long as short |
| OKX OPG-USDT-SWAP | +0.0100% | 4h | 0.1309 | +0.041% | $555K | $12.9M | 20x | as long as short |
| Gate OPG_USDT | +0.0100% | 4h | 0.1306 | −0.196% | $318K | $865K | 20x | as long as short |
| MEXC OPG_USDT | +0.0100% | 4h | 0.1307 | −0.120% | $502K | $762K | 20x | as long as short |
| KuCoin OPGUSDTM | +0.0100% | 4h | 0.1307 | −0.128% | $654K | $3.0M | 20x | as long as short |
| Bitget OPGUSDT | +0.0100% | 4h | 0.1307 | −0.120% | $887K | $3.0M | 20x | as long as short |
| BingX OPG-USDT | +0.0100% | 4h | 0.1307 | −0.120% | — | $1.9M | — | as long as short |
| Variational Omni OPG | +0.0100% | 4h | 0.1310 | +0.132% | $277K | $492K | — | as long as short |
| Extended OPG-USD | +0.0104% | 1h | 0.1308 | −0.017% | $3K | $127K | 5x | as long as short |
Bybit OPGUSDT
OKX OPG-USDT-SWAP
Gate OPG_USDT
MEXC OPG_USDT
KuCoin OPGUSDTM
Bitget OPGUSDT
BingX OPG-USDT
Variational Omni OPG
Extended OPG-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPGUSDT | +0.0134% | 4h | 0.1309 | +0.020% | $432K | $161K | 5x | as long as short |
| BloFin OPG-USDTshort | +0.0152% | 4h | 0.1311 | +0.186% | $218K | $60K | 20x | |
| Coinbase International OPG-PERP-INTX | +0.1776% | 1h | 0.1339 | +2.345% | $33K | $37K | 50x | as long as short |
Aster OPGUSDT
Coinbase International OPG-PERP-INTX