Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%
Price spread now: Bybit against Gate+0.015%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$978as in the Funding arb table
Net, price: spread back to 7d avg − costs−$958as in the Price arb table
costs, in and out, $10k−$9579.570% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.015%, 7d avg +0.020%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OPG_USDT | 0.1316 | 0.0100 | pay 0.0050% / 4h | 1h 03m | $323K | $779K | 20x |
| Short | Bybit OPGUSDT | 0.1316 | 0.0100 | get 0.0050% / 4h | 1h 03m | $3.1M | $9.5M | 20x |
Gate OPG_USDT
Bybit OPGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.015% → +0.020%
- −$0.5
- Slippage, 4 orders
- −$931.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$957.53
- Costs to cover
- 9.570%
- Break-even
- never at this rate
Slippage from Gate: live order book, 38 min ago; Bybit: 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 Gate live order book, 38 min ago | 7.53 bp | 413.2 bp −$413 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.18 bp | 64.4 bp −$64 | 672.4 bp −$6,724 | 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-USDT | +0.0048% | 4h | 0.1319 | +0.228% | $220K | $63K | 20x | as long as short |
| Aster OPGUSDT | +0.0100% | 4h | 0.1320 | +0.284% | $443K | $157K | 5x | as long as short |
| Binance OPGUSDT | +0.0100% | 4h | 0.1316 | 0.000% | $6.1M | $30.3M | 20x | as long as short |
| Bybit OPGUSDTshort | +0.0100% | 4h | 0.1316 | +0.015% | $3.1M | $9.5M | 20x | |
| OKX OPG-USDT-SWAP | +0.0100% | 4h | 0.1317 | +0.061% | $558K | $12.8M | 20x | as long as short |
| Gate OPG_USDTlong | +0.0100% | 4h | 0.1316 | long leg | $323K | $779K | 20x | |
| MEXC OPG_USDT | +0.0100% | 4h | 0.1316 | 0.000% | $461K | $712K | 20x | as long as short |
| KuCoin OPGUSDTM | +0.0100% | 4h | 0.1316 | −0.030% | $624K | $2.8M | 20x | as long as short |
| Bitget OPGUSDT | +0.0100% | 4h | 0.1316 | 0.000% | $839K | $2.8M | 20x | as long as short |
| BingX OPG-USDT | +0.0100% | 4h | 0.1316 | 0.000% | — | $1.9M | — | as long as short |
BloFin OPG-USDT
Aster OPGUSDT
Binance OPGUSDT
OKX OPG-USDT-SWAP
MEXC OPG_USDT
KuCoin OPGUSDTM
Bitget OPGUSDT
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 | 0.1319 | +0.203% | $277K | $302K | — | as long as short |
| Extended OPG-USD | +0.0104% | 1h | 0.1316 | −0.025% | $2K | $213K | 5x | as long as short |
| Coinbase International OPG-PERP-INTX | +0.2824% | 1h | 0.1323 | +0.495% | $32K | $26K | 50x | as long as short |
Variational Omni OPG
Extended OPG-USD
Coinbase International OPG-PERP-INTX