OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against Aster−0.050%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.050% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster OPNUSDT	0.05102	0.0141	pay 0.0071% / 4h	2h 55m	$7K	$15K	5x
Short	Binance OPNUSDT	0.05099	0.0101	get 0.0051% / 4h	2h 55m	$3.5M	$5.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BinancebpOrdersPrice spread, now −0.050%Rate

Funding earned: −$8.36
Price spread: −0.050% → 0.000%: −$5.01
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.37
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Binance: live order book, 12 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 Aster no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	1.93 bp	15.1 bp −$15	107.1 bp −$1,071	doesn't fit	doesn't fit

Aster: 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.

OPN on 15 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
BloFin OPN-USDT	+0.0080%	4h	0.05136	+0.675%	$181K	$4K	50x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05094	−0.148%	$702K	$2.9M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05102	+0.009%	$795K	$3.2M	20x	as long as short
Gate OPN_USDT	+0.0100%	4h	0.05109	+0.146%	$204K	$158K	50x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05094	−0.148%	$799K	$324K	50x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05089	−0.246%	$134K	$79K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05094	−0.148%	$584K	$188K	20x	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05090	−0.226%	$3K	$5K	10x	as long as short
SunX OPN-USDT	+0.0100%	4h	0.05200	+1.930%	$1K	$1.3M	20x	as long as short
Binance OPNUSDTshort	+0.0101%	4h	0.05099	−0.050%	$3.5M	$5.8M	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPNUSDTlong	+0.0141%	4h	0.05102	long leg	$7K	$15K	5x
BingX OPN-USDT	+0.0142%	4h	0.05098	−0.070%	—	$1.6M	—	as long as short
Deribit OPN_USDC-PERPETUAL	+0.0241%	1h	0.05094	−0.154%	—	—	10x	as long as short
Coinbase International OPN-PERP-INTX	+0.1128%	1h	0.05152	+0.991%	$13K	$4K	50x	as long as short
Kraken Futures PF_OPNUSD	+0.2703%	1h	0.05039	−1.224%	$2K	$4K	20x	as long as short