Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.019%
Price spread now: Gate against BloFin+0.048%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$750.755% of the position
Funding, last 7 days−0.285%−$28 on $10k
+Price spread, last 4 days (all we have)−0.822%−$82 · spread now +0.048%, 7d avg −0.007%
=The price spread pays, funding is against you. Gate is 0.055% dearer against BloFin than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.007%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OP-USDT | 0.1243 | 0.0220 | pay 0.0220% / 8h | 7h 34m | $995K | $323K | 75x |
| Short | Gate OP_USDT | 0.1244 | 0.0100 | get 0.0100% / 8h | 7h 34m | $2.0M | $1.5M | 50x |
BloFin OP-USDT
Gate OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.048% → −0.007%
- $5.51
- Slippage, 4 orders
- −$48.48
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$95.17
- Costs to cover
- 0.755%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 17 min ago; Gate: live order book, 3 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, 17 min ago | 3.61 bp | 11.9 bp −$12 | 21.9 bp −$219 | 53.0 bp −$5,304 | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.62 bp | 21.2 bp −$21 | 66.1 bp −$661 | 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 | −0.1328% | 1h | 0.1235 | −0.652% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1244 | +0.069% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0048% | 8h | 0.1243 | −0.008% | $12K | $235K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1243 | −0.025% | $38K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1244 | +0.072% | $31K | $165K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1244 | +0.087% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0009% | 8h | 0.1242 | −0.088% | $2.9M | $6.1M | 75x | as long as short |
| GRVT OP_USDT_Perp | +0.0040% | 8h | 0.1247 | +0.315% | $308K | $5.3M | 10x | as long as short |
| Variational Omni OP | +0.0062% | 8h | 0.1241 | −0.157% | $220K | $47K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1245 | +0.113% | $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
KuCoin OPUSDTM
GRVT OP_USDT_Perp
Variational Omni OP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1244 | +0.080% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1244 | +0.041% | $201K | $214K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1242 | −0.077% | $19.5M | $68.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1242 | −0.088% | $18.1M | $26.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1242 | −0.048% | $6.0M | $29.4M | 50x | as long as short |
| Gate OP_USDTshort | +0.0100% | 8h | 0.1244 | +0.048% | $2.0M | $1.5M | 50x | |
| MEXC OP_USDT | +0.0100% | 8h | 0.1243 | +0.008% | $22.2M | $7.7M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1243 | −0.008% | $5.7M | $6.9M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1244 | +0.072% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1244 | +0.040% | $116K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1248 | +0.410% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1243 | −0.008% | $43K | $693K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1243 | −0.008% | $192 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1244 | +0.105% | $165K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1242 | −0.076% | $99K | $612K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1244 | +0.050% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1244 | +0.072% | $25K | $69K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0156% | 1h | 0.1245 | +0.142% | $742K | $720K | 20x | as long as short |
| BloFin OP-USDTlong | +0.0220% | 8h | 0.1243 | long leg | $995K | $323K | 75x | |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1243 | −0.003% | $691 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
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