Funding you earn now, next payment 23:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.071%
Price spread now: Kraken Futures against BloFin+0.233%57s7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$810.811% of the position
Funding, last 7 days−0.155%−$15 on $10k
+Price spread, last 3 days (all we have)−0.328%−$33 · spread now +0.233%, 7d avg +0.071%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.162% dearer against BloFin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.071%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OP-USDT | 0.1255 | 0.0220 | pay 0.0220% / 8h | 1h 45m | $1.0M | $280K | 75x |
| Short | Kraken Futures PF_OPUSD | 0.1258 | 0.0229 | get 0.0029% / 1h | 45m 44s | $785K | $739K | 20x |
BloFin OP-USDT
Kraken Futures PF_OPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $1.84
- Price spread: +0.233% → +0.071%
- $16.16
- Slippage, 4 orders
- −$59.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$63.09
- Costs to cover
- 0.811%
- Break-even
- 246.4 days
Slippage from BloFin: live order book, 1 min ago; Kraken Futures: live order book, 37 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, 1 min ago | 0.40 bp | 11.8 bp −$12 | 19.9 bp −$199 | 57.9 bp −$5,792 | doesn't fit |
| Sell Kraken Futures live order book, 37 min ago | 15.78 bp | 32.4 bp −$32 | 97.3 bp −$973 | 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 | −0.1710% | 1h | 0.1250 | −0.414% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1255 | +0.010% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1253 | −0.175% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1259 | +0.316% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1256 | +0.064% | $41K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1256 | +0.047% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0043% | 8h | 0.1255 | −0.028% | $231K | $46K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0053% | 8h | 0.1256 | +0.064% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1259 | +0.319% | $274K | $904K | 15x | as long as short |
| OKX OP-USDT-SWAP | +0.0097% | 8h | 0.1258 | +0.247% | $5.9M | $29.6M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1260 | +0.366% | $4.1M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1258 | +0.228% | $210K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1259 | +0.341% | $20.5M | $62.4M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1258 | +0.247% | $18.4M | $25.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1257 | +0.151% | $1.8M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1260 | +0.366% | $20.0M | $7.0M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1258 | +0.223% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1258 | +0.223% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1258 | +0.183% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1257 | +0.104% | $124K | $190K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1256 | +0.036% | $9K | $381K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1255 | −0.016% | $304K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1256 | +0.064% | $45K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1257 | +0.120% | $173 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1256 | +0.096% | $174K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1257 | +0.126% | $101K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1256 | +0.064% | $4K | — | 3x | as long as short |
| BloFin OP-USDTlong | +0.0220% | 8h | 0.1255 | long leg | $1.0M | $280K | 75x | |
| Kraken Futures PF_OPUSDshort | +0.0229% | 1h | 0.1258 | +0.233% | $785K | $739K | 20x | |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1255 | −0.026% | $698 | — | 20x | as long as short |
Hyperliquid OP
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
Reya OPRUSDPERP