Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.003%
Price spread now: MEXC against BloFin−0.456%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$900.905% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.661%−$66 · spread now −0.456%, 7d avg −0.118%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.338% cheaper against BloFin than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.118%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OPG-USDT | 0.1317 | 0.0142 | pay 0.0071% / 4h | 3h 50m | $222K | $74K | 20x |
| Short | MEXC OPG_USDT | 0.1311 | 0.0100 | get 0.0050% / 4h | 3h 50m | $471K | $770K | 20x |
BloFin OPG-USDT
MEXC OPG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$8.76
- Price spread: −0.456% → −0.118%
- −$33.76
- Slippage, 4 orders
- −$74.47
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$132.99
- Costs to cover
- 0.905%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 40 min ago; MEXC: live order book, 60 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, 40 min ago | 14.98 bp | 30.7 bp −$31 | 81.2 bp −$812 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 60 min ago | 3.77 bp | 12.5 bp −$12 | 83.5 bp −$835 | 336.9 bp −$33.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate OPG_USDT | −0.0230% | 4h | 0.1310 | −0.532% | $318K | $892K | 20x | as long as short |
| Bybit OPGUSDT | +0.0086% | 4h | 0.1313 | −0.289% | $3.2M | $10.9M | 20x | as long as short |
| Binance OPGUSDT | +0.0100% | 4h | 0.1313 | −0.311% | $6.2M | $35.5M | 20x | as long as short |
| OKX OPG-USDT-SWAP | +0.0100% | 4h | 0.1315 | −0.182% | $559K | $13.5M | 20x | as long as short |
| MEXC OPG_USDTshort | +0.0100% | 4h | 0.1311 | −0.456% | $471K | $770K | 20x | |
| KuCoin OPGUSDTM | +0.0100% | 4h | 0.1311 | −0.448% | $650K | $3.1M | 20x | as long as short |
| Bitget OPGUSDT | +0.0100% | 4h | 0.1311 | −0.456% | $854K | $3.1M | 20x | as long as short |
| BingX OPG-USDT | +0.0100% | 4h | 0.1312 | −0.380% | — | $1.9M | — | as long as short |
| Variational Omni OPG | +0.0100% | 4h | 0.1311 | −0.424% | $283K | $498K | — | as long as short |
| Extended OPG-USD | +0.0104% | 1h | 0.1313 | −0.333% | $2K | $100K | 5x | as long as short |
Gate OPG_USDT
Bybit OPGUSDT
Binance OPGUSDT
OKX OPG-USDT-SWAP
KuCoin OPGUSDTM
Bitget OPGUSDT
BingX OPG-USDT
Variational Omni OPG
Extended OPG-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPG-USDTlong | +0.0142% | 4h | 0.1317 | long leg | $222K | $74K | 20x | |
| Aster OPGUSDT | +0.0232% | 4h | 0.1313 | −0.315% | $433K | $165K | 5x | as long as short |
| Coinbase International OPG-PERP-INTX | +0.2160% | 1h | 0.1328 | +0.832% | $32K | $32K | 50x | as long as short |
Aster OPGUSDT
Coinbase International OPG-PERP-INTX