Funding you earn now, next payment 00:00 UTC+0.0620%/8h= +67.9% APRnext payment +$3.10 per $10,000 · paid last 24h +0.037%
Price spread now: Gate against Binance+0.077%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1091.091% of the position
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 4 days (all we have)+0.212%+$21 · spread now +0.077%, 7d avg +0.084%
=The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.158% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPNUSDT | 0.05179 | 0.0100 | pay 0.0050% / 4h | 33m 39s | $3.6M | $5.7M | 25x |
| Short | Gate OPN_USDT | 0.05183 | 0.0720 | get 0.0360% / 4h | 33m 39s | $207K | $173K | 50x |
Binance OPNUSDT
Gate OPN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- $130.2
- Price spread: +0.077% → +0.084%
- −$0.64
- Slippage, 4 orders
- −$84.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $20.48
- Costs to cover
- 1.091%
- Break-even
- 5.9 days
Slippage from Binance: live order book, 5 min ago; Gate: live order book, 37 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 Binance live order book, 5 min ago | 1.93 bp | 21.4 bp −$21 | 114.3 bp −$1,143 | doesn't fit | doesn't fit |
| Sell Gate live order book, 37 min ago | 6.81 bp | 31.3 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
OPN on 15 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 OPN-USDT | +0.0078% | 4h | 0.05178 | −0.019% | $181K | $6K | 50x | as long as short |
| Aster OPNUSDT | +0.0100% | 4h | 0.05175 | −0.073% | $7K | $14K | 5x | as long as short |
| Binance OPNUSDTlong | +0.0100% | 4h | 0.05179 | long leg | $3.6M | $5.7M | 25x | |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05177 | −0.039% | $707K | $2.9M | 20x | as long as short |
| OKX OPN-USDT-SWAP | +0.0100% | 4h | 0.05186 | +0.135% | $813K | $3.5M | 20x | as long as short |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05179 | 0.000% | $824K | $338K | 50x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05179 | 0.000% | $138K | $80K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05182 | +0.058% | $596K | $185K | 20x | as long as short |
| BingX OPN-USDT | +0.0100% | 4h | 0.05185 | +0.116% | — | $1.6M | — | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05170 | −0.174% | $3K | $5K | 10x | as long as short |
BloFin OPN-USDT
Aster OPNUSDT
Bybit OPNUSDT
OKX OPN-USDT-SWAP
MEXC OPN_USDT
KuCoin OPNUSDTM
Bitget OPNUSDT
BingX OPN-USDT
Orderly PERP_OPN_USDC_mythosShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX OPN-USDT | +0.0100% | 4h | 0.05290 | +2.143% | $1K | $1.3M | 20x | as long as short |
| Deribit OPN_USDC-PERPETUAL | +0.0426% | 1h | 0.05179 | +0.008% | — | — | 10x | as long as short |
| Gate OPN_USDTshort | +0.0720% | 4h | 0.05183 | +0.077% | $207K | $173K | 50x | |
| Coinbase International OPN-PERP-INTX | +0.1016% | 1h | 0.05231 | +1.006% | $14K | $6K | 50x | as long as short |
| Kraken Futures PF_OPNUSD | +3.9881% | 1h | 0.05175 | −0.071% | $3K | $3K | 20x | as long as short |
SunX OPN-USDT
Deribit OPN_USDC-PERPETUAL
Coinbase International OPN-PERP-INTX
Kraken Futures PF_OPNUSD