Funding you earn now, next payment 12:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.04 per $10,000 · paid last 24h −0.035%
Price spread now: Bybit against BloFin−0.082%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$250as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2352.346% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)−2.221%−$222 · spread now −0.082%, 7d avg −0.133%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.051% dearer against BloFin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.133%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OPG-USDT | 0.1343 | 0.0091 | pay 0.0046% / 4h | 3h 22m | $227K | $51K | 20x |
| Short | Bybit OPGUSDT | 0.1342 | 0.0100 | get 0.0050% / 4h | 3h 22m | $3.1M | $6.7M | 20x |
BloFin OPG-USDT
Bybit OPGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $1.87
- Price spread: −0.082% → −0.133%
- $5.15
- Slippage, 4 orders
- −$211.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$227.58
- Costs to cover
- 2.346%
- Break-even
- 859.9 days
Slippage from BloFin: live order book, 43 min ago; Bybit: live order book, 5 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, 43 min ago | 3.72 bp | 25.2 bp −$25 | 79.3 bp −$793 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.12 bp | 90.9 bp −$91 | 856.4 bp −$8,564 | 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 | +0.0091% | 4h | 0.1343 | long leg | $227K | $51K | 20x | |
| Binance OPGUSDT | +0.0100% | 4h | 0.1342 | −0.074% | $6.2M | $18.2M | 20x | as long as short |
| Bybit OPGUSDTshort | +0.0100% | 4h | 0.1342 | −0.082% | $3.1M | $6.7M | 20x | |
| OKX OPG-USDT-SWAP | +0.0100% | 4h | 0.1343 | +0.015% | $557K | $7.6M | 20x | as long as short |
| Gate OPG_USDT | +0.0100% | 4h | 0.1341 | −0.149% | $312K | $385K | 20x | as long as short |
| MEXC OPG_USDT | +0.0100% | 4h | 0.1342 | −0.074% | $469K | $462K | 20x | as long as short |
| KuCoin OPGUSDTM | +0.0100% | 4h | 0.1342 | −0.097% | $628K | $2.4M | 20x | as long as short |
| Bitget OPGUSDT | +0.0100% | 4h | 0.1342 | −0.074% | $858K | $2.0M | 20x | as long as short |
| BingX OPG-USDT | +0.0100% | 4h | 0.1341 | −0.149% | — | $1.8M | — | as long as short |
| Variational Omni OPG | +0.0100% | 4h | 0.1336 | −0.489% | $275K | $239K | — | as long as short |
Binance OPGUSDT
OKX OPG-USDT-SWAP
Gate OPG_USDT
MEXC OPG_USDT
KuCoin OPGUSDTM
Bitget OPGUSDT
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 | 0.1342 | −0.101% | $4K | $217K | 5x | as long as short |
| Aster OPGUSDT | +0.0211% | 4h | 0.1344 | +0.074% | $451K | $117K | 5x | as long as short |
| Coinbase International OPG-PERP-INTX | +0.2640% | 1h | 0.1379 | +2.706% | $34K | $6K | 50x | as long as short |
Extended OPG-USD
Aster OPGUSDT
Coinbase International OPG-PERP-INTX