Funding you earn now, next payment 08:00 UTC−0.0740%/8h= −81.0% APRnext payment −$3.70 per $10,000 · paid last 24h −0.102%
Price spread now: BloFin against Gate−0.038%93s7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as 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−$1141.143% of the position
Funding, last 7 days−0.244%−$24 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.038%, 7d avg −0.042%
=The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate. The two prices were read 93 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 -0.244% in total (about -12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.70 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 | Gate OPN_USDT | 0.05307 | 0.0834 | pay 0.0417% / 4h | 1h 59m | $212K | $170K | 50x |
| Short | BloFin OPN-USDT | 0.05305 | 0.0094 | get 0.0047% / 4h | 1h 59m | $182K | $5K | 50x |
Gate OPN_USDT
BloFin OPN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- −$155.42
- Price spread: −0.038% → −0.042%
- $0.45
- Slippage, 4 orders
- −$87.29
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$269.26
- Costs to cover
- 1.143%
- Break-even
- never at this rate
Slippage from Gate: live order book, 42 min ago; BloFin: live order book, 16 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 Gate live order book, 42 min ago | 6.79 bp | 33.4 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 3.87 bp | 22.4 bp −$22 | 61.4 bp −$614 | 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 | −0.2011% | 1h | 0.05284 | −0.436% | $2K | $4K | 20x | as long as short |
| BloFin OPN-USDTshort | +0.0094% | 4h | 0.05305 | −0.038% | $182K | $5K | 50x | |
| Binance OPNUSDT | +0.0100% | 4h | 0.05298 | −0.170% | $3.8M | $6.3M | 25x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05312 | +0.094% | $748K | $3.1M | 20x | as long as short |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05293 | −0.264% | $851K | $318K | 50x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05296 | −0.207% | $155K | $64K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05303 | −0.075% | $611K | $172K | 20x | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05290 | −0.320% | $3K | $5K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05410 | +1.941% | $1K | $1.4M | 20x | as long as short |
| Aster OPNUSDT | +0.0105% | 4h | 0.05301 | −0.111% | $8K | $16K | 5x | as long as short |
Kraken Futures PF_OPNUSD
Binance OPNUSDT
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX OPN-USDT | +0.0120% | 4h | 0.05307 | 0.000% | — | $1.7M | — | as long as short |
| OKX OPN-USDT-SWAP | +0.0139% | 4h | 0.05318 | +0.207% | $829K | $3.1M | 20x | as long as short |
| Deribit OPN_USDC-PERPETUAL | +0.0298% | 1h | 0.05292 | −0.288% | $103 | $101 | 10x | as long as short |
| Gate OPN_USDTlong | +0.0834% | 4h | 0.05307 | long leg | $212K | $170K | 50x | |
| Coinbase International OPN-PERP-INTX | +0.1216% | 1h | 0.05353 | +0.867% | $14K | $6K | 50x | as long as short |
BingX OPN-USDT
OKX OPN-USDT-SWAP
Deribit OPN_USDC-PERPETUAL
Coinbase International OPN-PERP-INTX