Funding you earn now, next payment 04:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.05 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.004%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$460.462% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.478%+$48 · spread now −0.004%, 7d avg +0.001%
=The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPNUSDT | 0.05194 | 0.0171 | pay 0.0085% / 4h | 1h 38m | $3.6M | $5.8M | 25x |
| Short | MEXC OPN_USDT | 0.05194 | 0.0180 | get 0.0090% / 4h | 1h 38m | $819K | $337K | 50x |
Binance OPNUSDT
MEXC OPN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $1.94
- Price spread: −0.004% → +0.001%
- −$0.47
- Slippage, 4 orders
- −$32.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$44.7
- Costs to cover
- 0.462%
- Break-even
- 167.9 days
Slippage from Binance: live order book, 15 min ago; MEXC: live order book, 17 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, 15 min ago | 1.92 bp | 16.9 bp −$17 | 75.3 bp −$753 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 17 min ago | 2.88 bp | 6.1 bp −$6 | 33.8 bp −$338 | 817.6 bp −$81.8K | 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 | −1.1755% | 1h | 0.05172 | −0.420% | $2K | $4K | 20x | as long as short |
| Deribit OPN_USDC-PERPETUAL | −0.0232% | 1h | 0.05189 | −0.098% | — | — | 10x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05193 | −0.023% | $722K | $2.9M | 20x | as long as short |
| OKX OPN-USDT-SWAP | +0.0100% | 4h | 0.05197 | +0.054% | $803K | $3.1M | 20x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05196 | +0.035% | $140K | $77K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05193 | −0.023% | $595K | $184K | 20x | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05190 | −0.081% | $3K | $5K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05300 | +2.037% | $2K | $1.4M | 20x | as long as short |
| BingX OPN-USDT | +0.0144% | 4h | 0.05196 | +0.035% | — | $1.6M | — | as long as short |
| BloFin OPN-USDT | +0.0154% | 4h | 0.05192 | −0.042% | $182K | $4K | 50x | as long as short |
Kraken Futures PF_OPNUSD
Deribit OPN_USDC-PERPETUAL
Bybit OPNUSDT
OKX OPN-USDT-SWAP
KuCoin OPNUSDTM
Bitget OPNUSDT
Orderly PERP_OPN_USDC_mythos
SunX OPN-USDT
BingX OPN-USDT
BloFin OPN-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance OPNUSDTlong | +0.0171% | 4h | 0.05194 | long leg | $3.6M | $5.8M | 25x | |
| MEXC OPN_USDTshort | +0.0180% | 4h | 0.05194 | −0.004% | $819K | $337K | 50x | |
| Aster OPNUSDT | +0.0256% | 4h | 0.05195 | +0.006% | $7K | $14K | 5x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1520% | 1h | 0.05231 | +0.707% | $14K | $5K | 50x | as long as short |
| Gate OPN_USDT | +0.1586% | 4h | 0.05198 | +0.073% | $208K | $160K | 50x | as long as short |
Aster OPNUSDT
Coinbase International OPN-PERP-INTX
Gate OPN_USDT