Settings8H · net · $10k
Funding arb · Price arb /

OPN

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.1511%/8h= +165.4% APRnext payment +$7.55 per $10,000 · paid last 24h +0.053%
Price spread now: Gate against Aster+0.269%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Gate is 0.269% dearer against Aster than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster OPNUSDT0.052130.0351pay 0.0176% / 4h1h 20m$7K$14K5x
ShortGate OPN_USDT0.052270.1862get 0.0931% / 4h1h 20m$209K$161K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$317.22
Price spread: +0.269% → 0.000%
$26.93
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$321.15
Costs to cover
0.230%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Gate: live order book, 36 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Gate live order book, 36 min ago4.78 bp26.4 bp −$26doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_OPNUSD−1.1704%1h0.05195−0.344%$2K$4K20xas long as short
Bybit OPNUSDT+0.0100%4h0.05229+0.308%$730K$2.9M20xas long as short
KuCoin OPNUSDTM+0.0100%4h0.05230+0.327%$141K$66K25xas long as short
Bitget OPNUSDT+0.0100%4h0.05225+0.231%$598K$181K20xas long as short
Orderly PERP_OPN_USDC_mythos+0.0100%4h0.05230+0.327%$3K$5K10xas long as short
SunX OPN-USDT+0.0100%4h0.05330+2.245%$2K$1.4M20xas long as short
Deribit OPN_USDC-PERPETUAL+0.0133%1h0.05228+0.292%10xas long as short
BingX OPN-USDT+0.0222%4h0.05230+0.327%$1.6Mas long as short
OKX OPN-USDT-SWAP+0.0241%4h0.05233+0.384%$808K$3.1M20xas long as short
MEXC OPN_USDT+0.0270%4h0.05229+0.308%$832K$339K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance OPNUSDT+0.0270%4h0.05228+0.294%$3.6M$5.8M25xas long as short
BloFin OPN-USDT+0.0282%4h0.05230+0.327%$183K$4K50xas long as short
Aster OPNUSDTlong+0.0351%4h0.05213long leg$7K$14K5x
Coinbase International OPN-PERP-INTX+0.1520%1h0.05239+0.505%$14K$5K50xas long as short
Gate OPN_USDTshort+0.1862%4h0.05227+0.269%$209K$161K50x