Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.004%
Price spread now: Bybit against BloFin−0.057%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$830.827% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.057%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.044% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.119%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OPN-USDT | 0.05232 | 0.0120 | pay 0.0060% / 4h | 27m 02s | $183K | $4K | 50x |
| Short | Bybit OPNUSDT | 0.05229 | 0.0100 | get 0.0050% / 4h | 27m 02s | $733K | $2.9M | 20x |
BloFin OPN-USDT
Bybit OPNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$4.12
- Price spread: −0.057% → −0.013%
- −$4.41
- Slippage, 4 orders
- −$59.69
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$91.22
- Costs to cover
- 0.827%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Bybit: live order book, 5 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 BloFin live order book, 3 min ago | 3.81 bp | 17.4 bp −$17 | 67.0 bp −$670 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.76 bp | 23.0 bp −$23 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_OPNUSD | −0.2712% | 1h | 0.05168 | −1.227% | $2K | $4K | 20x | as long as short |
| Binance OPNUSDT | +0.0100% | 4h | 0.05231 | −0.019% | $3.7M | $6.0M | 25x | as long as short |
| Bybit OPNUSDTshort | +0.0100% | 4h | 0.05229 | −0.057% | $733K | $2.9M | 20x | |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05230 | −0.038% | $893K | $320K | 50x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05234 | +0.038% | $144K | $67K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05232 | 0.000% | $604K | $185K | 20x | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05230 | −0.038% | $3K | $5K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05340 | +2.064% | $1K | $1.4M | 20x | as long as short |
| BloFin OPN-USDTlong | +0.0120% | 4h | 0.05232 | long leg | $183K | $4K | 50x | |
| Aster OPNUSDT | +0.0148% | 4h | 0.05234 | +0.042% | $8K | $14K | 5x | as long as short |
Kraken Futures PF_OPNUSD
Binance OPNUSDT
MEXC OPN_USDT
KuCoin OPNUSDTM
Bitget OPNUSDT
Orderly PERP_OPN_USDC_mythos
SunX OPN-USDT
Aster OPNUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPN_USDC-PERPETUAL | +0.0190% | 1h | 0.05228 | −0.071% | — | — | 10x | as long as short |
| OKX OPN-USDT-SWAP | +0.0195% | 4h | 0.05235 | +0.057% | $811K | $3.1M | 20x | as long as short |
| BingX OPN-USDT | +0.0224% | 4h | 0.05233 | +0.019% | — | $1.7M | — | as long as short |
| Gate OPN_USDT | +0.0878% | 4h | 0.05238 | +0.115% | $211K | $171K | 50x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1664% | 1h | 0.05259 | +0.524% | $14K | $5K | 50x | as long as short |
Deribit OPN_USDC-PERPETUAL
OKX OPN-USDT-SWAP
BingX OPN-USDT
Gate OPN_USDT
Coinbase International OPN-PERP-INTX