Funding you earn now, next payment 11:00 UTC−0.0374%/8h= −41.0% APRpaid last 24h −0.082%
Price spread now: BloFin against Reya−0.076%134s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BloFin is 0.076% cheaper against Reya than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 134 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 | Reya OPRUSDPERP | 0.1239 | 0.0446 | pay 0.0056% / 1h | 48m 03s | $689 | — | 20x |
| Short | BloFin OP-USDT | 0.1238 | 0.0072 | get 0.0072% / 8h | 5h 48m | $982K | $280K | 75x |
Reya OPRUSDPERP
BloFin OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Reya. 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
- −$78.54
- Price spread: −0.076% → 0.000%
- −$7.56
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$104.1
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; BloFin: live order book, 62 min ago. Net counts fees only.
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 Reya no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 62 min ago | 1.21 bp | 15.8 bp −$16 | 26.8 bp −$268 | 62.2 bp −$6,221 | doesn't fit |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
OP on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX OP/USD [OP-USDC] | L −0.0886% / S +0.0200% | 1h | 0.1237 | −0.157% | $13K | — | 100x | as long as short |
| Hyperliquid OP | −0.0562% | 1h | 0.1236 | −0.261% | $3.8M | $3.9M | 5x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0558% | 1h | 0.1236 | −0.261% | $30K | $113K | 25x | as long as short |
| SoDEX OP-USD | −0.0097% | 1h | 0.1236 | −0.245% | $196 | $5K | 5x | as long as short |
| Orderly PERP_OP_USDC | −0.0059% | 8h | 0.1236 | −0.261% | $12K | $232K | 10x | as long as short |
| Extended OP-USD | −0.0056% | 1h | 0.1237 | −0.187% | $99K | $581K | 25x | as long as short |
| Binance OPUSDT | −0.0054% | 8h | 0.1237 | −0.181% | $19.1M | $65.9M | 75x | as long as short |
| MEXC OP_USDT | −0.0050% | 8h | 0.1237 | −0.189% | $21.8M | $7.3M | 300x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0048% | 1h | 0.1236 | −0.261% | $25K | $67K | 50x | as long as short |
| Gate OP_USDT | −0.0040% | 8h | 0.1237 | −0.197% | $2.0M | $1.3M | 50x | as long as short |
GMX OP/USD [OP-USDC]
Hyperliquid OP
Deribit OP_USDC-PERPETUAL
SoDEX OP-USD
Orderly PERP_OP_USDC
Extended OP-USD
Binance OPUSDT
MEXC OP_USDT
Coinbase International OP-PERP-INTX
Gate OP_USDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT OP_USDT_Perp | −0.0006% | 8h | 0.1242 | +0.190% | $300K | $5.4M | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1237 | −0.215% | $38K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1237 | −0.213% | — | — | 150x | as long as short |
| Injective OP/USDC PERP | +0.0033% | 1h | 0.1257 | +1.433% | $35K | $67K | 12x | as long as short |
| Variational Omni OP | +0.0061% | 8h | 0.1239 | −0.008% | $219K | $46K | — | as long as short |
| Aevo OP-PERP | +0.0072% | 1h | 0.1236 | −0.221% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDTshort | +0.0072% | 8h | 0.1238 | −0.076% | $982K | $280K | 75x | |
| Lighter OP | +0.0096% | 1h | 0.1237 | −0.197% | $262K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1238 | −0.084% | $205K | $210K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1237 | −0.164% | $17.9M | $24.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1237 | −0.140% | $5.9M | $27.6M | 50x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1236 | −0.261% | $2.8M | $5.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1237 | −0.181% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1237 | −0.189% | — | $6.4M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1236 | −0.237% | $108K | $201K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1239 | −0.021% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1240 | +0.062% | $43K | $689K | 50x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1236 | −0.253% | $168K | $255K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0156% | 1h | 0.1238 | −0.099% | $736K | $740K | 20x | as long as short |
| Reya OPRUSDPERPlong | +0.0446% | 1h | 0.1239 | long leg | $689 | — | 20x |
GRVT OP_USDT_Perp
dYdX OP-USD
gTrade (Gains Network) OP/USD
Injective OP/USDC PERP
Variational Omni OP
Aevo OP-PERP
Lighter OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
HTX OP-USDT
Kraken Futures PF_OPUSD