Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.003%
Price spread now: edgeX against BloFin+0.324%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$1271.271% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)−0.361%−$36 · spread now +0.324%, 7d avg −0.058%
=Together, before fees−0.502%+ Points / potential airdropedgeX: Active · farm board−$50 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.382% dearer against BloFin than usual: you sell high and buy low (spread +0.324% now, against its 7-day average of −0.058%): +$38 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OP-USDT | 0.1245 | 0.0220 | pay 0.0220% / 8h | 36m 33s | $991K | $322K | 75x |
| Short | edgeX OPUSDC | 0.1249 | 0.0100 | get 0.0050% / 4h | 36m 33s | $4K | $1.1M | 10x |
BloFin OP-USDT
edgeX OPUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$25.2
- Price spread: +0.324% → −0.058%
- $38.16
- Slippage, 4 orders
- −$106.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$114.14
- Costs to cover
- 1.271%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 11 min ago; edgeX: live order book, 2 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, 11 min ago | 0.80 bp | 12.6 bp −$13 | 21.7 bp −$217 | 68.9 bp −$6,892 | doesn't fit |
| Sell edgeX live order book, 2 min ago | 39.97 bp | 51.4 bp −$51 | 172.4 bp −$1,724 | 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 | −0.1660% | 1h | 0.1243 | −0.185% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1246 | +0.079% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0054% | 8h | 0.1246 | +0.056% | $12K | $236K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1247 | +0.120% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1246 | +0.056% | $32K | $154K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1247 | +0.110% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0039% | 8h | 0.1252 | +0.498% | $221K | $47K | — | as long as short |
| KuCoin OPUSDTM | +0.0054% | 8h | 0.1246 | +0.056% | $2.8M | $6.2M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1250 | +0.377% | $24K | $65K | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1247 | +0.177% | $287K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
KuCoin OPUSDTM
Coinbase International OP-PERP-INTX
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1247 | +0.169% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1245 | −0.005% | $205K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1244 | −0.080% | $19.7M | $67.4M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1244 | −0.080% | $18.3M | $26.2M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1245 | +0.008% | $6.0M | $29.4M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1246 | +0.072% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1246 | +0.040% | $22.1M | $7.8M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1244 | −0.104% | $5.6M | $6.9M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1245 | −0.024% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1247 | +0.137% | $115K | $219K | 10x | as long as short |
| edgeX OPUSDCshort | +0.0100% | 4h | 0.1249 | +0.324% | $4K | $1.1M | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1250 | +0.377% | $306K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | +0.618% | $43K | $697K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1246 | +0.040% | $210 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1247 | +0.161% | $166K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1244 | −0.096% | $100K | $600K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1246 | +0.056% | $3K | $1K | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0165% | 1h | 0.1246 | +0.055% | $742K | $671K | 20x | as long as short |
| BloFin OP-USDTlong | +0.0220% | 8h | 0.1245 | long leg | $991K | $322K | 75x | |
| Reya OPRUSDPERP | +0.0444% | 1h | 0.1246 | +0.042% | $693 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Kraken Futures PF_OPUSD
Reya OPRUSDPERP