Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.018%
Price spread now: BingX against Gate0.000%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$443as in the Funding arb table
Net, price: spread back to 7d avg − costs−$449as in the Price arb table
costs, in and out, $10k−$4434.428% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.045%+$4 · spread now 0.000%, 7d avg +0.057%
=Funding pays, the price is against you. BingX is 0.057% cheaper against Gate than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.057%). If the spread goes back, that is −$6 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.001% in total) that is about 10 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OPG_USDT | 0.1330 | 0.0082 | pay 0.0041% / 4h | 2h 32m | $324K | $880K | 20x |
| Short | BingX OPG-USDT | 0.1330 | 0.0100 | get 0.0050% / 4h | 2h 32m | — | $1.9M | — |
Gate OPG_USDT
BingX OPG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $3.78
- Price spread: 0.000% → +0.057%
- −$5.74
- Slippage, 4 orders
- −$417.82
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$444.77
- Costs to cover
- 4.428%
- Break-even
- 830.7 days
Slippage from Gate: live order book, 34 min ago; BingX: live order book, 6 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 Gate live order book, 34 min ago | 7.62 bp | 200.5 bp −$201 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 11.27 bp | 33.3 bp −$33 | 97.6 bp −$976 | doesn't fit | doesn't fit |
OPG on 12 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_USDTlong | +0.0082% | 4h | 0.1330 | long leg | $324K | $880K | 20x | |
| Binance OPGUSDT | +0.0100% | 4h | 0.1330 | +0.008% | $6.3M | $34.1M | 20x | as long as short |
| Bybit OPGUSDT | +0.0100% | 4h | 0.1329 | −0.060% | $3.2M | $10.5M | 20x | as long as short |
| OKX OPG-USDT-SWAP | +0.0100% | 4h | 0.1334 | +0.293% | $557K | $13.3M | 20x | as long as short |
| MEXC OPG_USDT | +0.0100% | 4h | 0.1331 | +0.075% | $490K | $777K | 20x | as long as short |
| KuCoin OPGUSDTM | +0.0100% | 4h | 0.1333 | +0.241% | $663K | $3.0M | 20x | as long as short |
| Bitget OPGUSDT | +0.0100% | 4h | 0.1332 | +0.150% | $894K | $3.0M | 20x | as long as short |
| BingX OPG-USDTshort | +0.0100% | 4h | 0.1330 | 0.000% | — | $1.9M | — | |
| Variational Omni OPG | +0.0100% | 4h | 0.1329 | −0.076% | $283K | $495K | — | as long as short |
| Extended OPG-USD | +0.0104% | 1h | 0.1330 | −0.018% | $946 | $101K | 5x | as long as short |
Binance OPGUSDT
Bybit OPGUSDT
OKX OPG-USDT-SWAP
MEXC OPG_USDT
KuCoin OPGUSDTM
Bitget OPGUSDT
Variational Omni OPG
Extended OPG-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPGUSDT | +0.0252% | 4h | 0.1335 | +0.409% | $441K | $159K | 5x | as long as short |
| Coinbase International OPG-PERP-INTX | +0.1104% | 1h | 0.1336 | +0.449% | $32K | $34K | 50x | as long as short |
Aster OPGUSDT
Coinbase International OPG-PERP-INTX