Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Binance−0.006%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$580.580% of the position
Funding, last 7 days+0.146%+$15 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now −0.006%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.039% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.033%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.146%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPNUSDT | 0.05264 | 0.0330 | pay 0.0165% / 4h | 1h 15m | $3.6M | $5.9M | 25x |
| Short | BingX OPN-USDT | 0.05264 | 0.0298 | get 0.0149% / 4h | 1h 15m | — | $1.6M | — |
Binance OPNUSDT
BingX OPN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- −$6.63
- Price spread: −0.006% → +0.033%
- −$3.92
- Slippage, 4 orders
- −$38.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$68.56
- Costs to cover
- 0.580%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; BingX: live order book, 7 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 Binance live order book, 8 min ago | 1.91 bp | 19.5 bp −$19 | 79.8 bp −$798 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 3.83 bp | 10.4 bp −$10 | 22.6 bp −$226 | 982.1 bp −$98.2K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_OPNUSD | −1.1573% | 1h | 0.05254 | −0.200% | $2K | $4K | 20x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05269 | +0.089% | $738K | $2.9M | 20x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05263 | −0.025% | $145K | $68K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05265 | +0.013% | $608K | $187K | 20x | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05270 | +0.108% | $3K | $5K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05370 | +2.007% | $2K | $1.4M | 20x | as long as short |
| Deribit OPN_USDC-PERPETUAL | +0.0263% | 1h | 0.05266 | +0.041% | — | — | 10x | as long as short |
| OKX OPN-USDT-SWAP | +0.0282% | 4h | 0.05265 | +0.013% | $815K | $3.1M | 20x | as long as short |
| BingX OPN-USDTshort | +0.0298% | 4h | 0.05264 | −0.006% | — | $1.6M | — | |
| BloFin OPN-USDT | +0.0314% | 4h | 0.05245 | −0.367% | $184K | $4K | 50x | as long as short |
Kraken Futures PF_OPNUSD
Bybit OPNUSDT
KuCoin OPNUSDTM
Bitget OPNUSDT
Orderly PERP_OPN_USDC_mythos
SunX OPN-USDT
Deribit OPN_USDC-PERPETUAL
OKX OPN-USDT-SWAP
BloFin OPN-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC OPN_USDT | +0.0326% | 4h | 0.05263 | −0.025% | $836K | $340K | 50x | as long as short |
| Binance OPNUSDTlong | +0.0330% | 4h | 0.05264 | long leg | $3.6M | $5.9M | 25x | |
| Aster OPNUSDT | +0.0426% | 4h | 0.05259 | −0.101% | $8K | $14K | 5x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1520% | 1h | 0.05278 | +0.266% | $14K | $5K | 50x | as long as short |
| Gate OPN_USDT | +0.1922% | 4h | 0.05270 | +0.108% | $208K | $165K | 50x | as long as short |
MEXC OPN_USDT
Aster OPNUSDT
Coinbase International OPN-PERP-INTX
Gate OPN_USDT