Funding you earn now, next payment 08:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.11 per $10,000 · paid last 24h −0.003%
Price spread now: Bitget against BloFin−0.384%105s7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as 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−$1421.423% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.390%−$39 · spread now −0.384%, 7d avg −0.078%
=Funding pays, the price is against you. Bitget is 0.305% cheaper against BloFin than usual: you would sell low and buy high (spread −0.384% now, against its 7-day average of −0.078%). If the spread goes back, that is −$31 on $10k: about 48 days of funding at the current rate (+$1 a day). The two prices were read 105 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 | 0.1303 | 0.0079 | pay 0.0039% / 4h | 3h 11m | $223K | $73K | 20x |
| Short | Bitget OPGUSDT | 0.1298 | 0.0100 | get 0.0050% / 4h | 3h 11m | $833K | $3.2M | 20x |
BloFin OPG-USDT
Bitget OPGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $4.41
- Price spread: −0.384% → −0.078%
- −$30.54
- Slippage, 4 orders
- −$118.28
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$168.41
- Costs to cover
- 1.423%
- Break-even
- 274.3 days
Slippage from BloFin: live order book, 10 min ago; Bitget: 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 BloFin live order book, 10 min ago | 11.53 bp | 35.1 bp −$35 | 139.0 bp −$1,390 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 7.70 bp | 35.6 bp −$36 | 145.8 bp −$1,458 | 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 | +0.0079% | 4h | 0.1303 | long leg | $223K | $73K | 20x | |
| Binance OPGUSDT | +0.0100% | 4h | 0.1298 | −0.395% | $6.1M | $35.8M | 20x | as long as short |
| Bybit OPGUSDT | +0.0100% | 4h | 0.1298 | −0.368% | $3.1M | $10.9M | 20x | as long as short |
| OKX OPG-USDT-SWAP | +0.0100% | 4h | 0.1301 | −0.177% | $563K | $13.5M | 20x | as long as short |
| Gate OPG_USDT | +0.0100% | 4h | 0.1295 | −0.614% | $314K | $896K | 20x | as long as short |
| MEXC OPG_USDT | +0.0100% | 4h | 0.1294 | −0.691% | $462K | $774K | 20x | as long as short |
| KuCoin OPGUSDTM | +0.0100% | 4h | 0.1295 | −0.622% | $631K | $3.1M | 20x | as long as short |
| Bitget OPGUSDTshort | +0.0100% | 4h | 0.1298 | −0.384% | $833K | $3.2M | 20x | |
| BingX OPG-USDT | +0.0100% | 4h | 0.1295 | −0.614% | — | $1.9M | — | as long as short |
| Variational Omni OPG | +0.0100% | 4h | 0.1300 | −0.194% | $280K | $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 | 0.1295 | −0.643% | $923 | $105K | 5x | as long as short |
| Aster OPGUSDT | +0.0129% | 4h | 0.1304 | +0.070% | $430K | $165K | 5x | as long as short |
| Coinbase International OPG-PERP-INTX | +0.2160% | 1h | 0.1349 | +3.553% | $33K | $33K | 50x | as long as short |
Extended OPG-USD
Aster OPGUSDT
Coinbase International OPG-PERP-INTX