OPG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h +0.037%

Price spread now: BloFin against Bybit−1.142%82s7-day average +0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$216as 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−$2332.329% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 4 days (all we have)+1.878%+$188 · spread now −1.142%, 7d avg +0.136%

Together, before fees+2.047%+$205 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 1.279% cheaper against Bybit than usual: you would sell low and buy high (−$128 if the spread goes back to its 7-day average of +0.136%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.169%, so the current rate has only just turned against you. The two prices were read 82 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	Bybit OPGUSDT	0.1313	0.0100	pay 0.0050% / 4h	2h 55m	$3.2M	$11.0M	20x
Short	BloFin OPG-USDT	0.1298	0.0066	get 0.0033% / 4h	2h 55m	$219K	$73K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now −1.142%Rate

Funding earned: −$7.08
Price spread: −1.142% → +0.136%: −$127.88
Slippage, 4 orders: −$209.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$367.91
Costs to cover: 2.329%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 25 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, 2 min ago	2.68 bp	87.7 bp −$88	1473.8 bp −$14.7K	doesn't fit	doesn't fit
Sell BloFin live order book, 25 min ago	11.53 bp	21.4 bp −$21	58.9 bp −$589	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-USDTshort	+0.0066%	4h	0.1298	−1.142%	$219K	$73K	20x
Aster OPGUSDT	+0.0100%	4h	0.1320	+0.543%	$436K	$165K	5x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1313	0.000%	$6.2M	$35.9M	20x	as long as short
Bybit OPGUSDTlong	+0.0100%	4h	0.1313	long leg	$3.2M	$11.0M	20x
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1315	+0.137%	$594K	$13.7M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1313	0.000%	$318K	$805K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1313	0.000%	$461K	$779K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1312	−0.053%	$638K	$3.1M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1312	−0.076%	$837K	$3.2M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1314	+0.076%	—	$1.9M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni OPG	+0.0100%	4h	0.1313	−0.017%	$283K	$498K	—	as long as short
Extended OPG-USD	+0.0104%	1h	0.1313	−0.027%	$5K	$215K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2448%	1h	0.1349	+2.764%	$33K	$33K	50x	as long as short