OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.62 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against BingX+2.045%7-day average +2.082% · you sell dearer than you buy

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

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.299%+$30 · spread now +2.045%, 7d avg +2.082%

Together, before fees+0.240%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.038% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +2.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX OPN-USDT	0.05233	0.0224	pay 0.0112% / 4h	27m 02s	—	$1.7M	—
Short	SunX OPN-USDT	0.05340	0.0100	get 0.0050% / 4h	27m 02s	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.045%Rate

Funding earned: −$26.04
Price spread: +2.045% → +2.082%: −$3.75
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$47.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 min ago; SunX: live order book, 7 min ago. 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, 5 min ago	4.75 bp	11.6 bp −$12	25.3 bp −$253	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	261.68 bp	doesn't fit	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	−1.246%	$2K	$4K	20x	as long as short
Binance OPNUSDT	+0.0100%	4h	0.05231	−0.038%	$3.7M	$6.0M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05229	−0.076%	$733K	$2.9M	20x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05230	−0.057%	$893K	$320K	50x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05234	+0.019%	$144K	$67K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05232	−0.019%	$604K	$185K	20x	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05230	−0.057%	$3K	$5K	10x	as long as short
SunX OPN-USDTshort	+0.0100%	4h	0.05340	+2.045%	$1K	$1.4M	20x
BloFin OPN-USDT	+0.0120%	4h	0.05232	−0.019%	$183K	$4K	50x	as long as short
Aster OPNUSDT	+0.0148%	4h	0.05234	+0.023%	$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	−0.090%	—	—	10x	as long as short
OKX OPN-USDT-SWAP	+0.0195%	4h	0.05235	+0.038%	$811K	$3.1M	20x	as long as short
BingX OPN-USDTlong	+0.0224%	4h	0.05233	long leg	—	$1.7M	—
Gate OPN_USDT	+0.0878%	4h	0.05238	+0.096%	$211K	$171K	50x	as long as short
Coinbase International OPN-PERP-INTX	+0.1664%	1h	0.05259	+0.504%	$14K	$5K	50x	as long as short