Funding you earn now, next payment 16:00 UTC+0.0105%/8h= +11.5% APRnext payment +$1.05 per $10,000 · paid last 24h +0.019%
Price spread now: BloFin against Gate+0.434%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$820.824% of the position
Funding, last 7 days+0.285%+$28 on $10k
+Price spread, last 4 days (all we have)+0.340%+$34 · spread now +0.434%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.427% dearer against Gate than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OP_USDT | 0.1245 | 0.0100 | pay 0.0100% / 8h | 6h 54m | $2.0M | $1.4M | 50x |
| Short | BloFin OP-USDT | 0.1251 | 0.0205 | get 0.0205% / 8h | 6h 54m | $984K | $277K | 75x |
Gate OP_USDT
BloFin OP-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
- $21.97
- Price spread: +0.434% → +0.007%
- $42.67
- Slippage, 4 orders
- −$55.37
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$17.73
- Costs to cover
- 0.824%
- Break-even
- 12.6 days
Slippage from Gate: live order book, 3 min ago; BloFin: live order book, 57 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, 3 min ago | 1.99 bp | 26.1 bp −$26 | 58.1 bp −$581 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 57 min ago | 3.61 bp | 11.5 bp −$11 | 16.2 bp −$162 | 51.0 bp −$5,104 | 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 | −0.1934% | 1h | 0.1257 | +0.923% | $35K | $67K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1250 | +0.389% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0550% | 1h | 0.1249 | +0.281% | $31K | $153K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0050% | 8h | 0.1250 | +0.361% | $12K | $233K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1246 | +0.040% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1264 | +1.456% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0021% | 8h | 0.1244 | −0.120% | $2.8M | $6.0M | 75x | as long as short |
| Variational Omni OP | +0.0075% | 8h | 0.1256 | +0.827% | $222K | $46K | — | as long as short |
| Binance OPUSDT | +0.0079% | 8h | 0.1246 | +0.072% | $19.2M | $68.5M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1259 | +1.084% | $25K | $70K | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
dYdX OP-USD
gTrade (Gains Network) OP/USD
KuCoin OPUSDTM
Variational Omni OP
Binance OPUSDT
Coinbase International OP-PERP-INTXShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC OP_USDT | +0.0084% | 8h | 0.1244 | −0.112% | $22.1M | $7.5M | 300x | as long as short |
| Extended OP-USD | +0.0088% | 1h | 0.1245 | −0.040% | $103K | $572K | 25x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1246 | +0.072% | $286K | $1.0M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1247 | +0.136% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1247 | +0.087% | $201K | $221K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1244 | −0.104% | $18.0M | $26.2M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1245 | −0.032% | $6.0M | $29.3M | 50x | as long as short |
| Gate OP_USDTlong | +0.0100% | 8h | 0.1245 | long leg | $2.0M | $1.4M | 50x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1245 | −0.040% | $5.8M | $6.9M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1245 | −0.040% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1247 | +0.128% | $109K | $216K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1258 | +0.996% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1261 | +1.244% | $306K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1259 | +1.084% | $44K | $692K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1249 | +0.273% | $191 | $5K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1250 | +0.393% | $170K | $257K | 50x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1250 | +0.401% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDTshort | +0.0205% | 8h | 0.1251 | +0.434% | $984K | $277K | 75x | |
| Reya OPRUSDPERP | +0.0446% | 1h | 0.1250 | +0.323% | $695 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0512% | 1h | 0.1249 | +0.276% | $737K | $744K | 20x | as long as short |
MEXC OP_USDT
Extended OP-USD
Lighter OP
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Aevo OP-PERP
Reya OPRUSDPERP
Kraken Futures PF_OPUSD