Funding arb · Price arb /

OPN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Aster against BingX−0.067%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.067% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX OPN-USDT	0.05228	0.0100	pay 0.0050% / 4h	2h 22m	—	$1.7M	—
Short	Aster OPNUSDT	0.05224	0.0100	get 0.0050% / 4h	2h 22m	$7K	$17K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → 0.000%: −$6.73
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.73
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; Aster: no order-book sample. 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 BingX live order book, 4 min ago	3.85 bp	12.2 bp −$12	54.5 bp −$545	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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 exchanges

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
Aster OPNUSDTshort	+0.0100%	4h	0.05224	−0.067%	$7K	$17K	5x
Binance OPNUSDT	+0.0100%	4h	0.05228	0.000%	$3.7M	$6.6M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05227	−0.019%	$745K	$3.3M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05231	+0.057%	$816K	$3.0M	20x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05229	+0.019%	$800K	$311K	50x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05216	−0.230%	$130K	$63K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05228	0.000%	$592K	$171K	20x	as long as short
BingX OPN-USDTlong	+0.0100%	4h	0.05228	long leg	—	$1.7M	—
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05220	−0.153%	$3K	$5K	10x	as long as short
SunX OPN-USDT	+0.0100%	4h	0.05340	+2.142%	$2K	$1.5M	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPN-USDT	+0.0137%	4h	0.05227	−0.019%	$185K	$6K	50x	as long as short
Gate OPN_USDT	+0.0538%	4h	0.05219	−0.172%	$212K	$171K	50x	as long as short
Deribit OPN_USDC-PERPETUAL	+0.1588%	1h	0.05232	+0.084%	—	$203	10x	as long as short
Coinbase International OPN-PERP-INTX	+0.2976%	1h	0.05170	−1.113%	$14K	$15K	50x	as long as short
Kraken Futures PF_OPNUSD	+0.3158%	1h	0.05234	+0.110%	$2K	$7K	20x	as long as short