OPG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.22 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against MEXC+0.228%64s7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as 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−$900.905% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.889%+$89 · spread now +0.228%, 7d avg +0.118%

Together, before fees+0.870%+$87 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.110% dearer against MEXC than usual: you sell high and buy low (spread +0.228% now, against its 7-day average of +0.118%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.5 days. At the pace of the last 7 days (−0.019% in total) that is about 40 days. The two prices were read 64 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	MEXC OPG_USDT	0.1314	0.0100	pay 0.0050% / 4h	3h 52m	$472K	$769K	20x
Short	BloFin OPG-USDT	0.1317	0.0057	get 0.0028% / 4h	3h 52m	$222K	$74K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.228%Rate

Funding earned: −$9.09
Price spread: +0.228% → +0.118%: $11.03
Slippage, 4 orders: −$74.47
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$88.53
Costs to cover: 0.905%
Break-even: never at this rate

Slippage from MEXC: live order book, 58 min ago; BloFin: live order book, 39 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 MEXC live order book, 58 min ago	3.77 bp	14.4 bp −$14	73.8 bp −$738	330.0 bp −$33.0K	doesn't fit
Sell BloFin live order book, 39 min ago	14.98 bp	32.9 bp −$33	105.1 bp −$1,051	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
Gate OPG_USDT	−0.0440%	4h	0.1312	−0.152%	$319K	$892K	20x	as long as short
Bybit OPGUSDT	−0.0176%	4h	0.1313	−0.099%	$3.2M	$10.9M	20x	as long as short
BloFin OPG-USDTshort	+0.0057%	4h	0.1317	+0.228%	$222K	$74K	20x
Binance OPGUSDT	+0.0100%	4h	0.1314	−0.015%	$6.2M	$35.5M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1311	−0.190%	$558K	$13.5M	20x	as long as short
MEXC OPG_USDTlong	+0.0100%	4h	0.1314	long leg	$472K	$769K	20x
KuCoin OPGUSDTM	+0.0100%	4h	0.1313	−0.038%	$649K	$3.1M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1313	−0.076%	$855K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1313	−0.076%	—	$1.9M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1337	+1.782%	$287K	$498K	—	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	0.1314	−0.026%	$4K	$95K	5x	as long as short
Aster OPGUSDT	+0.0234%	4h	0.1313	−0.061%	$433K	$165K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2160%	1h	0.1328	+1.062%	$32K	$32K	50x	as long as short