OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against BingX+0.057%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$820.824% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days−0.035%−$4 · spread now +0.057%, 7d avg +0.024%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.033% dearer against BingX than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.024%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX OPN-USDT	0.05231	0.0210	pay 0.0105% / 4h	26m 38s	—	$1.7M	—
Short	OKX OPN-USDT-SWAP	0.05234	0.0195	get 0.0097% / 4h	26m 38s	$810K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$3.17
Price spread: +0.057% → +0.024%: $3.33
Slippage, 4 orders: −$62.43
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$82.28
Costs to cover: 0.824%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago	4.75 bp	11.6 bp −$12	25.3 bp −$253	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	4.78 bp	30.4 bp −$30	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	−0.2712%	1h	0.05168	−1.208%	$2K	$4K	20x	as long as short
Binance OPNUSDT	+0.0100%	4h	0.05230	−0.020%	$3.7M	$6.0M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05230	−0.019%	$733K	$2.9M	20x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05230	−0.019%	$893K	$320K	50x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05231	0.000%	$144K	$67K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05227	−0.076%	$604K	$185K	20x	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05230	−0.019%	$3K	$5K	10x	as long as short
SunX OPN-USDT	+0.0100%	4h	0.05340	+2.084%	$1K	$1.4M	20x	as long as short
BloFin OPN-USDT	+0.0120%	4h	0.05232	+0.019%	$183K	$4K	50x	as long as short
Aster OPNUSDT	+0.0141%	4h	0.05233	+0.030%	$8K	$14K	5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit OPN_USDC-PERPETUAL	+0.0190%	1h	0.05228	−0.052%	—	—	10x	as long as short
OKX OPN-USDT-SWAPshort	+0.0195%	4h	0.05234	+0.057%	$810K	$3.1M	20x
BingX OPN-USDTlong	+0.0210%	4h	0.05231	long leg	—	$1.7M	—
Gate OPN_USDT	+0.0866%	4h	0.05237	+0.115%	$211K	$171K	50x	as long as short
Coinbase International OPN-PERP-INTX	+0.1664%	1h	0.05259	+0.543%	$14K	$5K	50x	as long as short