Funding you earn now, next payment 04:00 UTC+0.0445%/8h= +48.7% APRnext payment +$2.22 per $10,000 · paid last 24h +0.034%
Price spread now: Bitget against Bybit−0.131%7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$235as in the Funding arb table
Net, price: spread back to 7d avg − costs−$268as in the Price arb table
costs, in and out, $10k−$2492.491% of the position
Funding, last 7 days+0.145%+$15 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.131%, 7d avg +0.058%
=Funding pays, the price is against you. Bitget is 0.189% cheaper against Bybit than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of +0.058%). If the spread goes back, that is −$19 on $10k: about 34 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.145% in total) that is about 9.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.22 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPGUSDT | 0.1299 | −0.0345 | get 0.0172% / 4h | 3h 18m | $3.2M | $10.4M | 20x |
| Short | Bitget OPGUSDT | 0.1297 | 0.0100 | get 0.0050% / 4h | 3h 18m | $864K | $3.0M | 20x |
Bybit OPGUSDT
Bitget OPGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- $93.44
- Price spread: −0.131% → +0.058%
- −$18.85
- Slippage, 4 orders
- −$226.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$174.53
- Costs to cover
- 2.491%
- Break-even
- 20.1 days
Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 4 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 Bybit live order book, 5 min ago | 2.30 bp | 76.6 bp −$77 | 1539.4 bp −$15.4K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 7.66 bp | 39.1 bp −$39 | 166.2 bp −$1,662 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit OPGUSDTlong | −0.0345% | 4h | 0.1299 | long leg | $3.2M | $10.4M | 20x | |
| Gate OPG_USDT | −0.0076% | 4h | 0.1300 | +0.100% | $317K | $869K | 20x | as long as short |
| BloFin OPG-USDT | +0.0042% | 4h | 0.1301 | +0.177% | $215K | $59K | 20x | as long as short |
| Aster OPGUSDT | +0.0100% | 4h | 0.1303 | +0.293% | $430K | $159K | 5x | as long as short |
| Binance OPGUSDT | +0.0100% | 4h | 0.1298 | −0.091% | $6.0M | $33.6M | 20x | as long as short |
| OKX OPG-USDT-SWAP | +0.0100% | 4h | 0.1299 | +0.008% | $544K | $12.9M | 20x | as long as short |
| MEXC OPG_USDT | +0.0100% | 4h | 0.1298 | −0.054% | $484K | $776K | 20x | as long as short |
| KuCoin OPGUSDTM | +0.0100% | 4h | 0.1299 | 0.000% | $642K | $3.0M | 20x | as long as short |
| Bitget OPGUSDTshort | +0.0100% | 4h | 0.1297 | −0.131% | $864K | $3.0M | 20x | |
| BingX OPG-USDT | +0.0100% | 4h | 0.1298 | −0.054% | — | $1.9M | — | as long as short |
Gate OPG_USDT
BloFin OPG-USDT
Aster OPGUSDT
Binance OPGUSDT
OKX OPG-USDT-SWAP
MEXC OPG_USDT
KuCoin OPGUSDTM
BingX OPG-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni OPG | +0.0100% | 4h | 0.1302 | +0.261% | $277K | $493K | — | as long as short |
| Extended OPG-USD | +0.0104% | 1h | 0.1297 | −0.093% | $3K | $108K | 5x | as long as short |
| Coinbase International OPG-PERP-INTX | +0.1448% | 1h | 0.1303 | +0.363% | $32K | $33K | 50x | as long as short |
Variational Omni OPG
Extended OPG-USD
Coinbase International OPG-PERP-INTX