Funding you earn now, next payment 04:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Bitget0.000%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1521.523% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)+1.073%+$107 · spread now 0.000%, 7d avg +0.078%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.078% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OPGUSDT | 0.1348 | 0.0100 | pay 0.0050% / 4h | 2m 56s | $882K | $3.1M | 20x |
| Short | BloFin OPG-USDT | 0.1348 | 0.0083 | get 0.0042% / 4h | 2m 56s | $228K | $76K | 20x |
Bitget OPGUSDT
BloFin OPG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$3.47
- Price spread: 0.000% → +0.078%
- −$7.84
- Slippage, 4 orders
- −$128.34
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$163.65
- Costs to cover
- 1.523%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; BloFin: live order book, 28 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 Bitget live order book, 5 min ago | 3.70 bp | 38.7 bp −$39 | 261.6 bp −$2,616 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 28 min ago | 14.98 bp | 32.9 bp −$33 | 105.1 bp −$1,051 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPG-USDTshort | +0.0083% | 4h | 0.1348 | 0.000% | $228K | $76K | 20x | |
| Binance OPGUSDT | +0.0100% | 4h | 0.1348 | +0.020% | $6.4M | $35.3M | 20x | as long as short |
| Bybit OPGUSDT | +0.0100% | 4h | 0.1348 | +0.022% | $3.3M | $10.8M | 20x | as long as short |
| OKX OPG-USDT-SWAP | +0.0100% | 4h | 0.1347 | −0.045% | $550K | $13.8M | 20x | as long as short |
| Gate OPG_USDT | +0.0100% | 4h | 0.1347 | −0.074% | $328K | $888K | 20x | as long as short |
| MEXC OPG_USDT | +0.0100% | 4h | 0.1348 | 0.000% | $489K | $784K | 20x | as long as short |
| KuCoin OPGUSDTM | +0.0100% | 4h | 0.1348 | 0.000% | $665K | $3.1M | 20x | as long as short |
| Bitget OPGUSDTlong | +0.0100% | 4h | 0.1348 | long leg | $882K | $3.1M | 20x | |
| BingX OPG-USDT | +0.0100% | 4h | 0.1349 | +0.074% | — | $1.9M | — | as long as short |
| Variational Omni OPG | +0.0100% | 4h | 0.1356 | +0.613% | $292K | $498K | — | as long as short |
Binance OPGUSDT
Bybit OPGUSDT
OKX OPG-USDT-SWAP
Gate OPG_USDT
MEXC OPG_USDT
KuCoin OPGUSDTM
BingX OPG-USDT
Variational Omni OPGShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended OPG-USD | +0.0104% | 1h | 0.1349 | +0.060% | $4K | $98K | 5x | as long as short |
| Aster OPGUSDT | +0.0311% | 4h | 0.1351 | +0.244% | $446K | $165K | 5x | as long as short |
| Coinbase International OPG-PERP-INTX | +0.1864% | 1h | 0.1368 | +1.498% | $33K | $33K | 50x | as long as short |
Extended OPG-USD
Aster OPGUSDT
Coinbase International OPG-PERP-INTX