Settings8H · net · $10k
Funding arb · Price arb /

OPN

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bitget+2.202%7-day average +2.134% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.087%+$9 on $10k
Price spread, last 3 days (all we have)−0.038%−$4 · spread now +2.202%, 7d avg +2.134%
Together, before fees+0.049%+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.068% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +2.134%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPNUSDT0.051760.0100pay 0.0050% / 4h2h 06m$593K$187K20x
ShortSunX OPN-USDT0.052900.0100get 0.0050% / 4h2h 06m$2K$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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

Funding earned
$0
Price spread: +2.202% → +2.134%
$6.8
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$13.2
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 58 min ago; SunX: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 58 min ago5.79 bp30.0 bp −$30138.8 bp −$1,388doesn't fitdoesn't fit
Sell SunX live order book, 8 min ago253.52 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

OPN on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit OPN_USDC-PERPETUAL+0.0040%1h0.05178+0.035%10xas long as short
Bybit OPNUSDT+0.0100%4h0.05178+0.039%$717K$2.9M20xas long as short
OKX OPN-USDT-SWAP+0.0100%4h0.05183+0.135%$802K$3.2M20xas long as short
KuCoin OPNUSDTM+0.0100%4h0.05181+0.097%$140K$79K25xas long as short
Bitget OPNUSDTlong+0.0100%4h0.05176long leg$593K$187K20x
Orderly PERP_OPN_USDC_mythos+0.0100%4h0.05170−0.116%$3K$5K10xas long as short
SunX OPN-USDTshort+0.0100%4h0.05290+2.202%$2K$1.4M20x
Binance OPNUSDT+0.0145%4h0.05181+0.097%$3.6M$5.8M25xas long as short
MEXC OPN_USDT+0.0180%4h0.05179+0.058%$817K$344K50xas long as short
BingX OPN-USDT+0.0188%4h0.05179+0.058%$1.6Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPNUSDT+0.0222%4h0.05179+0.066%$7K$14K5xas long as short
Coinbase International OPN-PERP-INTX+0.1128%1h0.05237+1.180%$14K$5K50xas long as short
Gate OPN_USDT+0.1244%4h0.05183+0.135%$207K$160K50xas long as short
Kraken Futures PF_OPNUSD+0.2657%1h0.05128−0.923%$2K$4K20xas long as short