Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BingX0.000%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Funding, last 7 days−0.145%−$15 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now 0.000%, 7d avg −0.016%
=The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX OPN-USDT | 0.05331 | 0.0120 | pay 0.0060% / 4h | 1h 58m | — | $1.7M | — |
| Short | MEXC OPN_USDT | 0.05331 | 0.0100 | get 0.0050% / 4h | 1h 58m | $856K | $318K | 50x |
BingX OPN-USDT
MEXC OPN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- −$4.2
- Price spread: 0.000% → −0.016%
- $1.56
- Slippage, 4 orders
- −$13.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$29.79
- Costs to cover
- 0.271%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; MEXC: live order book, 42 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 BingX live order book, 3 min ago | 0.94 bp | 5.9 bp −$6 | 18.1 bp −$181 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 42 min ago | 1.95 bp | 5.4 bp −$5 | 36.2 bp −$362 | 720.8 bp −$72.1K | 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 | −0.2402% | 1h | 0.05312 | −0.363% | $2K | $4K | 20x | as long as short |
| BloFin OPN-USDT | +0.0042% | 4h | 0.05312 | −0.356% | $182K | $5K | 50x | as long as short |
| Binance OPNUSDT | +0.0100% | 4h | 0.05331 | 0.000% | $3.8M | $6.4M | 25x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05327 | −0.075% | $764K | $3.1M | 20x | as long as short |
| MEXC OPN_USDTshort | +0.0100% | 4h | 0.05331 | 0.000% | $856K | $318K | 50x | |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05329 | −0.038% | $156K | $64K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05326 | −0.094% | $613K | $172K | 20x | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05320 | −0.206% | $3K | $5K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05450 | +2.232% | $1K | $1.4M | 20x | as long as short |
| Aster OPNUSDT | +0.0105% | 4h | 0.05319 | −0.221% | $8K | $16K | 5x | as long as short |
Kraken Futures PF_OPNUSD
BloFin OPN-USDT
Binance OPNUSDT
Bybit OPNUSDT
KuCoin OPNUSDTM
Bitget OPNUSDT
Orderly PERP_OPN_USDC_mythos
SunX OPN-USDT
Aster OPNUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX OPN-USDTlong | +0.0120% | 4h | 0.05331 | long leg | — | $1.7M | — | |
| OKX OPN-USDT-SWAP | +0.0150% | 4h | 0.05332 | +0.019% | $831K | $3.1M | 20x | as long as short |
| Gate OPN_USDT | +0.0834% | 4h | 0.05336 | +0.094% | $214K | $171K | 50x | as long as short |
| Deribit OPN_USDC-PERPETUAL | +0.1461% | 1h | 0.05329 | −0.036% | $103 | $101 | 10x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1984% | 1h | 0.05353 | +0.413% | $14K | $6K | 50x | as long as short |
OKX OPN-USDT-SWAP
Gate OPN_USDT
Deribit OPN_USDC-PERPETUAL
Coinbase International OPN-PERP-INTX