OPG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.003%

Price spread now: OKX against BloFin−0.114%83s7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as 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−$1691.694% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.834%−$83 · spread now −0.114%, 7d avg −0.082%

Together, before fees−0.816%−$82 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.031% cheaper against BloFin than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of −0.082%). If the spread goes back, that is −$3 on $10k: about 2.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.018% in total) that is about 12 days. The two prices were read 83 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	0.1317	0.0057	pay 0.0028% / 4h	3h 51m	$222K	$74K	20x
Short	OKX OPG-USDT-SWAP	0.1316	0.0100	get 0.0050% / 4h	3h 51m	$558K	$13.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.114%Rate

Funding earned: $9.09
Price spread: −0.114% → −0.082%: −$3.14
Slippage, 4 orders: −$147.39
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$163.43
Costs to cover: 1.694%
Break-even: 132.8 days

Slippage from BloFin: live order book, 39 min ago; OKX: 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, 39 min ago	14.98 bp	30.7 bp −$31	81.2 bp −$812	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	7.21 bp	54.0 bp −$54	313.5 bp −$3,135	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
Gate OPG_USDT	−0.0440%	4h	0.1312	−0.380%	$319K	$892K	20x	as long as short
Bybit OPGUSDT	−0.0176%	4h	0.1313	−0.326%	$3.2M	$10.9M	20x	as long as short
BloFin OPG-USDTlong	+0.0057%	4h	0.1317	long leg	$222K	$74K	20x
Binance OPGUSDT	+0.0100%	4h	0.1314	−0.260%	$6.2M	$35.5M	20x	as long as short
OKX OPG-USDT-SWAPshort	+0.0100%	4h	0.1316	−0.114%	$558K	$13.6M	20x
MEXC OPG_USDT	+0.0100%	4h	0.1313	−0.304%	$472K	$769K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1313	−0.304%	$648K	$3.1M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1313	−0.304%	$855K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1313	−0.304%	—	$1.9M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1337	+1.550%	$287K	$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	0.1313	−0.270%	$4K	$95K	5x	as long as short
Aster OPGUSDT	+0.0234%	4h	0.1314	−0.259%	$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