OPG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.20 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against BloFin+0.018%81s7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as 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−$1131.129% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.793%−$79 · spread now +0.018%, 7d avg −0.080%

Together, before fees−0.773%−$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.098% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.080%. The two prices were read 81 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	BloFin OPG-USDT	0.1298	0.0059	pay 0.0030% / 4h	3h 09m	$222K	$73K	20x
Short	Binance OPGUSDT	0.1298	0.0100	get 0.0050% / 4h	3h 09m	$6.1M	$35.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BinancebpOrdersPrice spread, now +0.018%Rate

Funding earned: $8.61
Price spread: +0.018% → −0.080%: $9.8
Slippage, 4 orders: −$90.91
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$94.5
Costs to cover: 1.129%
Break-even: 83.8 days

Slippage from BloFin: live order book, 11 min ago; Binance: live order book, 2 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 BloFin live order book, 11 min ago	11.53 bp	35.1 bp −$35	139.0 bp −$1,390	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	3.85 bp	28.1 bp −$28	100.5 bp −$1,005	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-USDTlong	+0.0059%	4h	0.1298	long leg	$222K	$73K	20x
Binance OPGUSDTshort	+0.0100%	4h	0.1298	+0.018%	$6.1M	$35.8M	20x
Bybit OPGUSDT	+0.0100%	4h	0.1297	−0.046%	$3.1M	$10.9M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1301	+0.208%	$565K	$13.5M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1298	0.000%	$315K	$896K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1299	+0.077%	$463K	$774K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1297	−0.054%	$631K	$3.1M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1297	−0.077%	$824K	$3.2M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1298	0.000%	—	$1.9M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1300	+0.163%	$280K	$498K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended OPG-USD	+0.0104%	1h	0.1298	+0.028%	$923	$126K	5x	as long as short
Aster OPGUSDT	+0.0123%	4h	0.1304	+0.431%	$430K	$165K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2160%	1h	0.1349	+3.951%	$33K	$33K	50x	as long as short