OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.38 per $10,000 · paid last 24h −0.003%

Price spread now: BingX against Aster−0.286%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 BingX

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 −$2 a day on $10k at the current rate, and BingX is 0.286% cheaper against Aster than usual: you would sell low and buy high (−$29 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	0.05185	0.0266	pay 0.0133% / 4h	2h 09m	$7K	$14K	5x
Short	BingX OPN-USDT	0.05170	0.0190	get 0.0095% / 4h	2h 09m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.286%Rate

Funding earned: −$15.97
Price spread: −0.286% → 0.000%: −$28.61
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$62.58
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; BingX: live order book, 7 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 BingX live order book, 7 min ago	2.89 bp	12.9 bp −$13	27.8 bp −$278	941.7 bp −$94.2K	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 14 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
Deribit OPN_USDC-PERPETUAL	0.0000%	1h	0.05179	−0.114%	—	—	10x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05182	−0.055%	$718K	$3.0M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05172	−0.248%	$802K	$3.2M	20x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05186	+0.023%	$140K	$79K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05188	+0.061%	$595K	$187K	20x	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05180	−0.093%	$3K	$5K	10x	as long as short
SunX OPN-USDT	+0.0100%	4h	0.05290	+2.028%	$1K	$1.4M	20x	as long as short
Binance OPNUSDT	+0.0181%	4h	0.05173	−0.225%	$3.6M	$5.8M	25x	as long as short
MEXC OPN_USDT	+0.0186%	4h	0.05174	−0.209%	$817K	$344K	50x	as long as short
BingX OPN-USDTshort	+0.0190%	4h	0.05170	−0.286%	—	$1.6M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPNUSDTlong	+0.0266%	4h	0.05185	long leg	$7K	$14K	5x
Coinbase International OPN-PERP-INTX	+0.1128%	1h	0.05237	+1.008%	$14K	$5K	50x	as long as short
Gate OPN_USDT	+0.1302%	4h	0.05194	+0.177%	$208K	$160K	50x	as long as short
Kraken Futures PF_OPNUSD	+0.2662%	1h	0.05118	−1.283%	$2K	$4K	20x	as long as short