Funding you earn now, next payment 12:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against OKX−0.120%7-day average +0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1131.129% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.454%+$45 · spread now −0.120%, 7d avg +0.074%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.194% cheaper against OKX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OPG-USDT-SWAP | 0.1339 | 0.0100 | pay 0.0050% / 4h | 3h 51m | $557K | $8.4M | 20x |
| Short | BloFin OPG-USDT | 0.1337 | 0.0081 | get 0.0040% / 4h | 3h 51m | $224K | $52K | 20x |
OKX OPG-USDT-SWAP
BloFin OPG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- −$4.04
- Price spread: −0.120% → +0.074%
- −$19.4
- Slippage, 4 orders
- −$90.92
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$136.36
- Costs to cover
- 1.129%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 15 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 OKX live order book, 2 min ago | 5.61 bp | 27.8 bp −$28 | 362.5 bp −$3,625 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 15 min ago | 3.72 bp | 30.1 bp −$30 | 81.9 bp −$819 | 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 | +0.0081% | 4h | 0.1337 | −0.120% | $224K | $52K | 20x | |
| Binance OPGUSDT | +0.0100% | 4h | 0.1337 | −0.126% | $6.2M | $19.4M | 20x | as long as short |
| Bybit OPGUSDT | +0.0100% | 4h | 0.1337 | −0.120% | $3.1M | $7.1M | 20x | as long as short |
| OKX OPG-USDT-SWAPlong | +0.0100% | 4h | 0.1339 | long leg | $557K | $8.4M | 20x | |
| Gate OPG_USDT | +0.0100% | 4h | 0.1336 | −0.194% | $313K | $378K | 20x | as long as short |
| MEXC OPG_USDT | +0.0100% | 4h | 0.1336 | −0.194% | $469K | $460K | 20x | as long as short |
| KuCoin OPGUSDTM | +0.0100% | 4h | 0.1336 | −0.202% | $632K | $2.4M | 20x | as long as short |
| Bitget OPGUSDT | +0.0100% | 4h | 0.1336 | −0.194% | $851K | $2.1M | 20x | as long as short |
| BingX OPG-USDT | +0.0100% | 4h | 0.1336 | −0.194% | — | $1.8M | — | as long as short |
| Variational Omni OPG | +0.0100% | 4h | 0.1341 | +0.208% | $277K | $285K | — | as long as short |
Binance OPGUSDT
Bybit OPGUSDT
Gate OPG_USDT
MEXC OPG_USDT
KuCoin OPGUSDTM
Bitget OPGUSDT
BingX OPG-USDT
Variational Omni OPGShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended OPG-USD | +0.0104% | 1h | 0.1337 | −0.147% | $2K | $215K | 5x | as long as short |
| Aster OPGUSDT | +0.0105% | 4h | 0.1338 | −0.045% | $449K | $119K | 5x | as long as short |
| Coinbase International OPG-PERP-INTX | +0.2640% | 1h | 0.1371 | +2.418% | $33K | $20K | 50x | as long as short |
Extended OPG-USD
Aster OPGUSDT
Coinbase International OPG-PERP-INTX