OPG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h +0.015%

Price spread now: BloFin against Gate+0.691%108s7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$432as 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−$4284.284% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+1.631%+$163 · spread now +0.691%, 7d avg +0.162%

Together, before fees+1.589%+$159 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.529% dearer against Gate than usual: you sell high and buy low (spread +0.691% now, against its 7-day average of +0.162%): +$53 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 35 days. At the pace of the last 7 days (−0.041% in total) that is about 3 months. The two prices were read 108 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	Gate OPG_USDT	0.1303	0.0100	pay 0.0050% / 4h	1h 41m	$318K	$882K	20x
Short	BloFin OPG-USDT	0.1312	0.0050	get 0.0025% / 4h	1h 41m	$222K	$70K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.691%Rate

Funding earned: −$10.46
Price spread: +0.691% → +0.162%: $52.88
Slippage, 4 orders: −$401.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$385.94
Costs to cover: 4.284%
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; BloFin: live order book, 79 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, 20 min ago	7.62 bp	180.9 bp −$181	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 79 min ago	3.83 bp	9.8 bp −$10	56.1 bp −$561	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	+0.0050%	4h	0.1312	+0.691%	$222K	$70K	20x
Binance OPGUSDT	+0.0100%	4h	0.1303	0.000%	$6.1M	$34.5M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1303	−0.015%	$3.1M	$10.6M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1303	−0.031%	$537K	$13.1M	20x	as long as short
Gate OPG_USDTlong	+0.0100%	4h	0.1303	long leg	$318K	$882K	20x
MEXC OPG_USDT	+0.0100%	4h	0.1305	+0.153%	$519K	$774K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1308	+0.391%	$643K	$3.0M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1302	−0.077%	$859K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1302	−0.077%	—	$1.9M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1308	+0.393%	$279K	$496K	—	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	0.1307	+0.281%	$2K	$96K	5x	as long as short
Aster OPGUSDT	+0.0345%	4h	0.1310	+0.537%	$432K	$159K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.1200%	1h	0.1343	+3.103%	$33K	$34K	50x	as long as short