Funding you earn now, next payment 08:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.18 per $10,000 · paid last 24h −0.003%
Price spread now: BingX against BloFin+0.149%81s7-day average −0.099% · 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—prices read too far apart to compare
costs, in and out, $10k−$1261.257% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.625%−$62 · spread now +0.149%, 7d avg −0.099%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.248% dearer against BloFin than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.099%. 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 | 0.1341 | 0.0063 | pay 0.0032% / 4h | 3h 59m | $224K | $52K | 20x |
| Short | BingX OPG-USDT | 0.1343 | 0.0100 | get 0.0050% / 4h | 3h 59m | — | $1.8M | — |
BloFin OPG-USDT
BingX OPG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- $7.72
- Price spread: +0.149% → −0.099%
- $24.78
- Slippage, 4 orders
- −$103.71
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$93.21
- Costs to cover
- 1.257%
- Break-even
- 91.5 days
Slippage from BloFin: live order book, 6 min ago; BingX: live order book, 3 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, 6 min ago | 3.72 bp | 25.2 bp −$25 | 79.3 bp −$793 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 11.18 bp | 37.6 bp −$38 | 96.4 bp −$964 | 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 | +0.0063% | 4h | 0.1341 | long leg | $224K | $52K | 20x | |
| Aster OPGUSDT | +0.0100% | 4h | 0.1345 | +0.270% | $451K | $120K | 5x | as long as short |
| Binance OPGUSDT | +0.0100% | 4h | 0.1343 | +0.125% | $6.2M | $20.2M | 20x | as long as short |
| Bybit OPGUSDT | +0.0100% | 4h | 0.1341 | +0.015% | $3.1M | $7.2M | 20x | as long as short |
| OKX OPG-USDT-SWAP | +0.0100% | 4h | 0.1344 | +0.209% | $563K | $8.9M | 20x | as long as short |
| Gate OPG_USDT | +0.0100% | 4h | 0.1341 | 0.000% | $321K | $445K | 20x | as long as short |
| MEXC OPG_USDT | +0.0100% | 4h | 0.1342 | +0.075% | $467K | $678K | 20x | as long as short |
| KuCoin OPGUSDTM | +0.0100% | 4h | 0.1342 | +0.067% | $633K | $2.5M | 20x | as long as short |
| Bitget OPGUSDT | +0.0100% | 4h | 0.1343 | +0.149% | $859K | $2.1M | 20x | as long as short |
| BingX OPG-USDTshort | +0.0100% | 4h | 0.1343 | +0.149% | — | $1.8M | — |
Aster OPGUSDT
Binance OPGUSDT
Bybit OPGUSDT
OKX OPG-USDT-SWAP
Gate OPG_USDT
MEXC OPG_USDT
KuCoin OPGUSDTM
Bitget OPGUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni OPG | +0.0100% | 4h | 0.1342 | +0.080% | $277K | $285K | — | as long as short |
| Extended OPG-USD | +0.0104% | 1h | 0.1342 | +0.072% | $3K | $210K | 5x | as long as short |
| Coinbase International OPG-PERP-INTX | +0.2544% | 1h | 0.1371 | +2.235% | $33K | $20K | 50x | as long as short |
Variational Omni OPG
Extended OPG-USD
Coinbase International OPG-PERP-INTX