Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.037%
Price spread now: Bybit against Binance−0.027%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2332.332% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now −0.027%, 7d avg −0.073%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.046% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPGUSDT | 0.1320 | 0.0100 | pay 0.0050% / 4h | 2h 07m | $6.3M | $34.4M | 20x |
| Short | Bybit OPGUSDT | 0.1319 | 0.0100 | get 0.0050% / 4h | 2h 07m | $3.2M | $10.6M | 20x |
Binance OPGUSDT
Bybit OPGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.027% → −0.073%
- $4.63
- Slippage, 4 orders
- −$212.25
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$228.62
- Costs to cover
- 2.332%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bybit: 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 Binance live order book, 4 min ago | 3.76 bp | 32.3 bp −$32 | 175.2 bp −$1,752 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.77 bp | 79.4 bp −$79 | 481.6 bp −$4,816 | doesn't fit | doesn't fit |
OPG on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate OPG_USDT | +0.0096% | 4h | 0.1317 | −0.209% | $321K | $882K | 20x | as long as short |
| Binance OPGUSDTlong | +0.0100% | 4h | 0.1320 | long leg | $6.3M | $34.4M | 20x | |
| Bybit OPGUSDTshort | +0.0100% | 4h | 0.1319 | −0.027% | $3.2M | $10.6M | 20x | |
| OKX OPG-USDT-SWAP | +0.0100% | 4h | 0.1320 | +0.041% | $545K | $13.3M | 20x | as long as short |
| MEXC OPG_USDT | +0.0100% | 4h | 0.1321 | +0.094% | $496K | $781K | 20x | as long as short |
| KuCoin OPGUSDTM | +0.0100% | 4h | 0.1319 | −0.057% | $649K | $3.0M | 20x | as long as short |
| Bitget OPGUSDT | +0.0100% | 4h | 0.1319 | −0.057% | $879K | $3.1M | 20x | as long as short |
| BingX OPG-USDT | +0.0100% | 4h | 0.1323 | +0.246% | — | $1.9M | — | as long as short |
| Variational Omni OPG | +0.0100% | 4h | 0.1331 | +0.883% | $285K | $496K | — | as long as short |
| Extended OPG-USD | +0.0104% | 1h | 0.1319 | −0.048% | $4K | $97K | 5x | as long as short |
Gate OPG_USDT
OKX OPG-USDT-SWAP
MEXC OPG_USDT
KuCoin OPGUSDTM
Bitget OPGUSDT
BingX OPG-USDT
Variational Omni OPG
Extended OPG-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPGUSDT | +0.0324% | 4h | 0.1327 | +0.531% | $438K | $158K | 5x | as long as short |
| Coinbase International OPG-PERP-INTX | +0.1104% | 1h | 0.1343 | +1.794% | $33K | $34K | 50x | as long as short |
Aster OPGUSDT
Coinbase International OPG-PERP-INTX