OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.26 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BloFin−0.115%80s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$596as 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−$6066.055% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$10 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.115%, 7d avg −0.013%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.102% cheaper against BloFin than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.013%). If the spread goes back, that is −$10 on $10k: about 6.4 days of funding at the current rate (+$2 a day). The two prices were read 80 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	0.05235	0.0047	pay 0.0024% / 4h	3h 28m	$184K	$4K	50x
Short	KuCoin OPNUSDTM	0.05229	0.0100	get 0.0050% / 4h	3h 28m	$144K	$67K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.115%Rate

Funding earned: $11.07
Price spread: −0.115% → −0.013%: −$10.19
Slippage, 4 orders: −$581.54
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$604.66
Costs to cover: 6.055%
Break-even: 389.3 days

Slippage from BloFin: live order book, 62 min ago; KuCoin: live order book, 36 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, 62 min ago	3.81 bp	17.4 bp −$17	67.0 bp −$670	doesn't fit	doesn't fit
Sell KuCoin live order book, 36 min ago	13.35 bp	218.0 bp −$218	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	−0.2494%	1h	0.05219	−0.299%	$2K	$4K	20x	as long as short
BloFin OPN-USDTlong	+0.0047%	4h	0.05235	long leg	$184K	$4K	50x
Binance OPNUSDT	+0.0100%	4h	0.05226	−0.172%	$3.6M	$6.2M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05228	−0.134%	$724K	$2.9M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05228	−0.134%	$808K	$3.1M	20x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05224	−0.210%	$852K	$329K	50x	as long as short
KuCoin OPNUSDTMshort	+0.0100%	4h	0.05229	−0.115%	$144K	$67K	25x
Bitget OPNUSDT	+0.0100%	4h	0.05224	−0.210%	$603K	$185K	20x	as long as short
BingX OPN-USDT	+0.0100%	4h	0.05224	−0.210%	—	$1.7M	—	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05220	−0.287%	$3K	$5K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX OPN-USDT	+0.0100%	4h	0.05340	+2.006%	$2K	$1.4M	20x	as long as short
Aster OPNUSDT	+0.0117%	4h	0.05232	−0.051%	$8K	$15K	5x	as long as short
Deribit OPN_USDC-PERPETUAL	+0.0152%	1h	0.05223	−0.229%	—	—	10x	as long as short
Gate OPN_USDT	+0.0500%	4h	0.05239	+0.076%	$211K	$172K	50x	as long as short
Coinbase International OPN-PERP-INTX	+0.1448%	1h	0.05241	+0.117%	$14K	$6K	50x	as long as short