OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance+0.062%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$930.929% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days+0.022%+$2 · spread now +0.062%, 7d avg +0.057%

Together, before fees+0.135%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.114%, 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	0.05260	0.0325	pay 0.0163% / 4h	1h 14m	$3.7M	$5.9M	25x
Short	OKX OPN-USDT-SWAP	0.05263	0.0283	get 0.0142% / 4h	1h 14m	$814K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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 BinancebpFee OKXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$8.88
Price spread: +0.062% → +0.057%: $0.56
Slippage, 4 orders: −$72.85
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$101.17
Costs to cover: 0.929%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; OKX: live order book, 3 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, 9 min ago	1.91 bp	19.5 bp −$19	79.8 bp −$798	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	3.81 bp	28.0 bp −$28	doesn't fit	doesn't fit	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	−1.1616%	1h	0.05234	−0.485%	$2K	$4K	20x	as long as short
Deribit OPN_USDC-PERPETUAL	0.0000%	1h	0.05256	−0.063%	—	—	10x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05257	−0.052%	$735K	$2.9M	20x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05259	−0.014%	$145K	$68K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05258	−0.033%	$608K	$187K	20x	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05260	+0.005%	$3K	$5K	10x	as long as short
SunX OPN-USDT	+0.0100%	4h	0.05370	+2.097%	$2K	$1.4M	20x	as long as short
OKX OPN-USDT-SWAPshort	+0.0283%	4h	0.05263	+0.062%	$814K	$3.1M	20x
BloFin OPN-USDT	+0.0288%	4h	0.05263	+0.062%	$185K	$4K	50x	as long as short
BingX OPN-USDT	+0.0314%	4h	0.05256	−0.071%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance OPNUSDTlong	+0.0325%	4h	0.05260	long leg	$3.7M	$5.9M	25x
MEXC OPN_USDT	+0.0328%	4h	0.05259	−0.014%	$836K	$340K	50x	as long as short
Aster OPNUSDT	+0.0426%	4h	0.05260	+0.001%	$8K	$14K	5x	as long as short
Coinbase International OPN-PERP-INTX	+0.1520%	1h	0.05278	+0.353%	$14K	$5K	50x	as long as short
Gate OPN_USDT	+0.1894%	4h	0.05264	+0.081%	$208K	$165K	50x	as long as short