Funding you earn now, next payment 05:00 UTC−0.0528%/8h= −57.8% APRpaid last 24h —
Price spread now: BloFin against Deribit−0.214%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and BloFin is 0.214% cheaper against Deribit than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OPN_USDC-PERPETUAL | 0.05238 | 0.0648 | pay 0.0081% / 1h | 31m 08s | — | — | 10x |
| Short | BloFin OPN-USDT | 0.05227 | 0.0120 | get 0.0060% / 4h | 3h 31m | $184K | $4K | 50x |
Deribit OPN_USDC-PERPETUAL
BloFin OPN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- −$110.8
- Price spread: −0.214% → 0.000%
- −$21.38
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$151.18
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 59 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 59 min ago | 3.81 bp | 20.5 bp −$21 | 62.0 bp −$620 | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.2490% | 1h | 0.05229 | −0.175% | $2K | $4K | 20x | as long as short |
| Binance OPNUSDT | +0.0100% | 4h | 0.05241 | +0.053% | $3.6M | $6.2M | 25x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05235 | −0.061% | $725K | $2.9M | 20x | as long as short |
| OKX OPN-USDT-SWAP | +0.0100% | 4h | 0.05246 | +0.149% | $811K | $3.1M | 20x | as long as short |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05241 | +0.053% | $854K | $329K | 50x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05236 | −0.042% | $144K | $67K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05235 | −0.061% | $605K | $185K | 20x | as long as short |
| BingX OPN-USDT | +0.0100% | 4h | 0.05243 | +0.092% | — | $1.7M | — | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05230 | −0.157% | $3K | $5K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05340 | +1.943% | $2K | $1.4M | 20x | as long as short |
Kraken Futures PF_OPNUSD
Binance OPNUSDT
Bybit OPNUSDT
OKX OPN-USDT-SWAP
MEXC OPN_USDT
KuCoin OPNUSDTM
Bitget OPNUSDT
BingX OPN-USDT
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 | +0.0114% | 4h | 0.05228 | −0.186% | $8K | $15K | 5x | as long as short |
| BloFin OPN-USDTshort | +0.0120% | 4h | 0.05227 | −0.214% | $184K | $4K | 50x | |
| Gate OPN_USDT | +0.0558% | 4h | 0.05237 | −0.023% | $211K | $172K | 50x | as long as short |
| Deribit OPN_USDC-PERPETUALlong | +0.0648% | 1h | 0.05238 | long leg | — | — | 10x | |
| Coinbase International OPN-PERP-INTX | +0.1448% | 1h | 0.05232 | −0.116% | $14K | $6K | 50x | as long as short |
Aster OPNUSDT
Gate OPN_USDT
Coinbase International OPN-PERP-INTX