Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1153 | spot | no funding | — | — | $426K | 1x | Buy Binance Spot | |
| SHORT | 0.1155 | +0.0500 | get 0.0250% / 4h | 2h 04m | $6.4M | $1.5M | 20x | Short Binance |
Price gap+0.173%
Funding gap+0.0500% /8h
Both sides work: funding pays +$15 a day on $10k, and the gap is 0.075% above its 7d average: +$8 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$25+0.0500% /8h now · paid +0.253% over the last 7D
Price+$8spread +0.173% now, avg +0.098% → +0.075% if it goes back
Costs−$2072.067% of $10k · taker + slippage, in and out
Result−$174−1.74%no points
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.253% in total, about +0.0120%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.173%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hOPG on 13 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size58.6 / 43.6 bpAt $10k entering Binance Spot costs 58.6 bp, fee and slippage, 1.3× Binance’s.
- Note: Spot in full, margin on the short$10,000 + $500The spot leg is bought with the whole $10k; Binance runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
- OK: Only the short pays funding— / 4hThe spot leg pays no funding; Binance settles every 4h.Next 24h at the current rates, on $10k a leg: +$15.00Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$15.00.
- OK: Entry gap works for you+0.173% vs +0.098%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$6.4M OIOnly Binance reports one; the spot book's depth is in the cost check above.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Spot Yes · Binance YesVerified KYC to deposit or trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0120%/8h × 21 periods+$25.26
Price spread+0.173% → +0.098% (7d avg)+$7.52
Slippage, 4 orderslive order books−$176.69
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$173.92
Costs to cover2.067%Break-even55.2 days
Slippage: Binance Spot: live order book, 54 min ago; Binance: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot8.7358.6 bp−$592070.4 bp−$20.7Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance4.3243.6 bp−$44268.8 bp−$2,688doesn’t fitdoesn’t fit
Closing costs about the same again.
OPG news
posts that mention OPG, from every exchange| 09-28 14:42 | Deribit | Listing | 🚨 Pre-IPO Anthropic, POL & OPG USDC Perpetuals. Now Live Deribit has launched the following USDC-settled perpetual markets: ANTH_USDC | POL_USDC | OPG_USDC Read more 👉 Disclaimer: Deribit FZE is authorised and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Availability of products and services is subject to applicable regulatory requirements and investor classification. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Deribit does not endorse, sponsor, or have any affiliation with Anthropic. Any use of a referenced company’s name or marks is nominative and limited to what is necessary to identify the relevant category. @DeribitOfficial on X ↗ |
| 09-28 13:02 | Deribit | Listing | new market OPG_USDC-PERPETUAL ($OPG) seen by our collector |
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