Funding you earn now, next payment 04:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.067%
Price spread now: Deribit against BloFin−0.008%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$460.461% of the position
Funding, last 7 days−0.424%−$42 on $10k
+Price spread, last 4 days (all we have)−0.204%−$20 · spread now −0.008%, 7d avg −0.004%
=The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OP-USDT | 0.1269 | 0.0220 | pay 0.0220% / 8h | 4h 15m | $1.0M | $280K | 75x |
| Short | Deribit OP_USDC-PERPETUAL | 0.1269 | 0 | get 0.0000% / 1h | 15m 16s | $42K | $140K | 25x |
BloFin OP-USDT
Deribit OP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$46.2
- Price spread: −0.008% → −0.004%
- −$0.36
- Slippage, 4 orders
- −$27.11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$92.67
- Costs to cover
- 0.461%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Deribit: live order book, 43 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 | 0.39 bp | 15.1 bp −$15 | 21.1 bp −$211 | 60.9 bp −$6,087 | doesn't fit |
| Sell Deribit live order book, 43 min ago | 7.93 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1607% | 1h | 0.1264 | −0.402% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1269 | +0.003% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1269 | −0.026% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALshort | 0.0000% | 1h | 0.1269 | −0.008% | $42K | $140K | 25x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1269 | 0.000% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0054% | 8h | 0.1268 | −0.108% | $224K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0055% | 8h | 0.1268 | −0.087% | $6K | $45K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0057% | 8h | 0.1268 | −0.126% | $6.2M | $28.6M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1269 | −0.024% | $279K | $941K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1270 | +0.102% | $3.7M | $2.8M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1269 | −0.017% | $212K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1268 | −0.059% | $20.5M | $60.2M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1267 | −0.134% | $18.6M | $24.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1269 | −0.008% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1268 | −0.047% | $21.4M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1267 | −0.165% | $2.9M | $6.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1268 | −0.087% | $5.9M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1268 | −0.047% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1268 | −0.102% | $122K | $201K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1269 | +0.014% | $4K | $387K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1270 | +0.107% | $318K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1270 | +0.071% | $44K | $711K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1268 | −0.079% | $208 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1268 | −0.047% | $174K | $226K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1268 | −0.082% | $104K | $394K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1268 | −0.047% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1262 | −0.559% | $24K | $63K | 50x | as long as short |
| BloFin OP-USDTlong | +0.0220% | 8h | 0.1269 | long leg | $1.0M | $280K | 75x | |
| Kraken Futures PF_OPUSD | +0.0347% | 1h | 0.1269 | −0.011% | $788K | $545K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1268 | −0.119% | $705 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
Reya OPRUSDPERP