Funding you earn now, next payment 08:00 UTC−0.2842%/8h= −311.2% APRpaid last 24h +0.723%
Price spread now: BloFin against Kraken Futures−0.595%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—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 −$85 a day on $10k at the current rate, and BloFin is 0.595% cheaper against Kraken Futures than usual: you would sell low and buy high (−$59 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 | Kraken Futures PF_OPNUSD | 0.05231 | 0.2889 | pay 0.0361% / 1h | 22m 30s | $4K | $6K | 20x |
| Short | BloFin OPN-USDT | 0.05200 | 0.0047 | get 0.0024% / 4h | 22m 30s | $187K | $5K | 50x |
Kraken Futures PF_OPNUSD
BloFin OPN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kraken Futures. 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
- −$596.84
- Price spread: −0.595% → 0.000%
- −$59.49
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$678.33
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 48 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 48 min ago | 3.77 bp | 19.5 bp −$19 | 75.1 bp −$751 | doesn't fit | doesn't fit |
Kraken Futures: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPN-USDTshort | +0.0047% | 4h | 0.05200 | −0.595% | $187K | $5K | 50x | |
| Aster OPNUSDT | +0.0100% | 4h | 0.05208 | −0.439% | $7K | $18K | 5x | as long as short |
| Binance OPNUSDT | +0.0100% | 4h | 0.05212 | −0.366% | $3.7M | $6.6M | 25x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05212 | −0.366% | $738K | $3.2M | 20x | as long as short |
| OKX OPN-USDT-SWAP | +0.0100% | 4h | 0.05216 | −0.289% | $817K | $3.1M | 20x | as long as short |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05212 | −0.366% | $830K | $325K | 50x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05205 | −0.499% | $135K | $65K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05208 | −0.442% | $595K | $177K | 20x | as long as short |
| BingX OPN-USDT | +0.0100% | 4h | 0.05213 | −0.346% | — | $1.7M | — | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05200 | −0.595% | $3K | $5K | 10x | as long as short |
Aster OPNUSDT
Binance 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 | 0.05320 | +1.699% | $1K | $1.5M | 20x | as long as short |
| Gate OPN_USDT | +0.0182% | 4h | 0.05205 | −0.499% | $213K | $178K | 50x | as long as short |
| Deribit OPN_USDC-PERPETUAL | +0.0481% | 1h | 0.05204 | −0.517% | — | $203 | 10x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.2488% | 1h | 0.05365 | +2.563% | $14K | $6K | 50x | as long as short |
| Kraken Futures PF_OPNUSDlong | +0.2889% | 1h | 0.05231 | long leg | $4K | $6K | 20x |
SunX OPN-USDT
Gate OPN_USDT
Deribit OPN_USDC-PERPETUAL
Coinbase International OPN-PERP-INTX