Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Bybit against Bitget0.000%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$530.535% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days−0.001%$0 · spread now 0.000%, 7d avg −0.030%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.030% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OPUSDT | 0.1255 | 0.0100 | pay 0.0100% / 8h | 4h 49m | $5.8M | $6.5M | 75x |
| Short | Bybit OPUSDT | 0.1255 | 0.0100 | get 0.0100% / 8h | 4h 49m | $18.4M | $25.2M | 75x |
Bitget OPUSDT
Bybit OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- $0
- Price spread: 0.000% → −0.030%
- $2.95
- Slippage, 4 orders
- −$30.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$50.52
- Costs to cover
- 0.535%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 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 Bitget live order book, 4 min ago | 3.95 bp | 11.7 bp −$12 | 27.2 bp −$272 | 110.0 bp −$11.0K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.18 bp | 12.6 bp −$13 | 29.0 bp −$290 | 106.3 bp −$10.6K | 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 | 0.1256 | +0.080% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1259 | +0.282% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1257 | +0.166% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1258 | +0.239% | $41K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1258 | +0.237% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0035% | 8h | 0.1255 | +0.024% | $6.2M | $28.6M | 50x | as long as short |
| Variational Omni OP | +0.0047% | 8h | 0.1260 | +0.377% | $223K | $49K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1258 | +0.239% | $6K | $44K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1258 | +0.215% | $278K | $938K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1258 | +0.239% | $3.7M | $3.0M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
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 | 0.1258 | +0.201% | $210K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1256 | +0.080% | $20.3M | $60.8M | 75x | as long as short |
| Bybit OPUSDTshort | +0.0100% | 8h | 0.1255 | 0.000% | $18.4M | $25.2M | 75x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1257 | +0.175% | $1.9M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1256 | +0.088% | $20.8M | $7.0M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1255 | 0.000% | $2.9M | $6.6M | 75x | as long as short |
| Bitget OPUSDTlong | +0.0100% | 8h | 0.1255 | long leg | $5.8M | $6.5M | 75x | |
| BingX OP-USDT | +0.0100% | 8h | 0.1256 | +0.088% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1257 | +0.151% | $120K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1266 | +0.902% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1266 | +0.877% | $311K | $5.0M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1267 | +0.956% | $43K | $708K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1258 | +0.215% | $193 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1258 | +0.231% | $173K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1256 | +0.074% | $101K | $391K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1256 | +0.112% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1278 | +1.833% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1262 | +0.518% | $1.0M | $278K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0350% | 1h | 0.1258 | +0.278% | $789K | $570K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1258 | +0.202% | $699 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
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
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP