OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.06 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against BloFin+0.195%111s7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$760.762% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)−0.319%−$32 · spread now +0.195%, 7d avg −0.029%

Together, before fees−0.311%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.224% dearer against BloFin than usual: you sell high and buy low (spread +0.195% now, against its 7-day average of −0.029%): +$22 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin OPN-USDT	0.05123	0.0111	pay 0.0056% / 4h	2h 49m	$182K	$4K	50x
Short	Binance OPNUSDT	0.05133	0.0100	get 0.0050% / 4h	2h 49m	$3.6M	$5.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.195%Rate

Funding earned: −$2.35
Price spread: +0.195% → −0.029%: $22.4
Slippage, 4 orders: −$54.24
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$56.19
Costs to cover: 0.762%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; Binance: live order book, 4 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 BloFin live order book, 10 min ago	3.88 bp	18.4 bp −$18	56.6 bp −$566	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.95 bp	18.4 bp −$18	109.7 bp −$1,097	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
Binance OPNUSDTshort	+0.0100%	4h	0.05133	+0.195%	$3.6M	$5.8M	25x
Bybit OPNUSDT	+0.0100%	4h	0.05136	+0.254%	$715K	$3.0M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05132	+0.176%	$793K	$3.3M	20x	as long as short
Gate OPN_USDT	+0.0100%	4h	0.05136	+0.254%	$205K	$159K	50x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05134	+0.215%	$827K	$334K	50x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05129	+0.117%	$138K	$80K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05132	+0.176%	$588K	$190K	20x	as long as short
BingX OPN-USDT	+0.0100%	4h	0.05133	+0.195%	—	$1.6M	—	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05130	+0.137%	$3K	$5K	10x	as long as short
SunX OPN-USDT	+0.0100%	4h	0.05240	+2.284%	$1K	$1.4M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPN-USDTlong	+0.0111%	4h	0.05123	long leg	$182K	$4K	50x
Aster OPNUSDT	+0.0128%	4h	0.05132	+0.181%	$7K	$15K	5x	as long as short
Deribit OPN_USDC-PERPETUAL	+0.0901%	1h	0.05131	+0.158%	—	—	10x	as long as short
Coinbase International OPN-PERP-INTX	+0.1128%	1h	0.05160	+0.730%	$13K	$5K	50x	as long as short
Kraken Futures PF_OPNUSD	+0.2675%	1h	0.05092	−0.607%	$2K	$4K	20x	as long as short