Funding you earn now, next payment 04:00 UTC+0.0848%/8h= +92.8% APRnext payment +$4.24 per $10,000 · paid last 24h +0.059%
Price spread now: Gate against BloFin−0.171%63s7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as 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−$1101.100% of the position
Funding, last 7 days+0.201%+$20 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.171%, 7d avg +0.041%
=Funding pays, the price is against you. Gate is 0.213% cheaper against BloFin than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of +0.041%). If the spread goes back, that is −$21 on $10k: about 20 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.201% in total) that is about 7.4 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.201% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.24 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 | BloFin OPN-USDT | 0.05248 | 0.0042 | pay 0.0021% / 4h | 28m 01s | $184K | $4K | 50x |
| Short | Gate OPN_USDT | 0.05239 | 0.0890 | get 0.0445% / 4h | 28m 01s | $211K | $171K | 50x |
BloFin OPN-USDT
Gate OPN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $178.04
- Price spread: −0.171% → +0.041%
- −$21.28
- Slippage, 4 orders
- −$83.03
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $46.73
- Costs to cover
- 1.100%
- Break-even
- 5.2 days
Slippage from BloFin: live order book, 2 min ago; Gate: live order book, 23 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, 2 min ago | 3.81 bp | 17.4 bp −$17 | 67.0 bp −$670 | doesn't fit | doesn't fit |
| Sell Gate live order book, 23 min ago | 6.72 bp | 36.4 bp −$36 | 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 | −0.2687% | 1h | 0.05217 | −0.597% | $2K | $4K | 20x | as long as short |
| BloFin OPN-USDTlong | +0.0042% | 4h | 0.05248 | long leg | $184K | $4K | 50x | |
| Deribit OPN_USDC-PERPETUAL | +0.0094% | 1h | 0.05230 | −0.333% | — | — | 10x | as long as short |
| Binance OPNUSDT | +0.0100% | 4h | 0.05231 | −0.324% | $3.7M | $6.0M | 25x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05231 | −0.324% | $733K | $2.9M | 20x | as long as short |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05231 | −0.324% | $894K | $320K | 50x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05235 | −0.248% | $144K | $67K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05233 | −0.286% | $605K | $185K | 20x | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05230 | −0.343% | $3K | $5K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05350 | +1.944% | $2K | $1.4M | 20x | as long as short |
Kraken Futures PF_OPNUSD
Deribit OPN_USDC-PERPETUAL
Binance OPNUSDT
Bybit OPNUSDT
MEXC OPN_USDT
KuCoin OPNUSDTM
Bitget OPNUSDT
Orderly PERP_OPN_USDC_mythos
SunX OPN-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPNUSDT | +0.0159% | 4h | 0.05237 | −0.203% | $8K | $14K | 5x | as long as short |
| OKX OPN-USDT-SWAP | +0.0199% | 4h | 0.05235 | −0.248% | $811K | $3.1M | 20x | as long as short |
| BingX OPN-USDT | +0.0224% | 4h | 0.05232 | −0.305% | — | $1.7M | — | as long as short |
| Gate OPN_USDTshort | +0.0890% | 4h | 0.05239 | −0.171% | $211K | $171K | 50x | |
| Coinbase International OPN-PERP-INTX | +0.1664% | 1h | 0.05259 | +0.217% | $14K | $5K | 50x | as long as short |
Aster OPNUSDT
OKX OPN-USDT-SWAP
BingX OPN-USDT
Coinbase International OPN-PERP-INTX