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: MEXC against BloFin+0.096%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.096%, 7d avg −0.039%

Together, before fees−0.214%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.135% dearer against BloFin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin OPN-USDT	0.05200	0.0047	pay 0.0024% / 4h	22m 59s	$187K	$5K	50x
Short	MEXC OPN_USDT	0.05205	0.0100	get 0.0050% / 4h	22m 59s	$829K	$325K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.096%Rate

Funding earned: $11.07
Price spread: +0.096% → −0.039%: $13.47
Slippage, 4 orders: −$43.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$35.06
Costs to cover: 0.596%
Break-even: 29.2 days

Slippage from BloFin: live order book, 47 min ago; MEXC: live order book, 8 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, 47 min ago	3.77 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 8 min ago	1.90 bp	9.6 bp −$10	74.4 bp −$744	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
BloFin OPN-USDTlong	+0.0047%	4h	0.05200	long leg	$187K	$5K	50x
Aster OPNUSDT	+0.0100%	4h	0.05201	+0.018%	$8K	$18K	5x	as long as short
Binance OPNUSDT	+0.0100%	4h	0.05208	+0.148%	$3.7M	$6.6M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05206	+0.115%	$737K	$3.2M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05217	+0.327%	$816K	$3.1M	20x	as long as short
MEXC OPN_USDTshort	+0.0100%	4h	0.05205	+0.096%	$829K	$325K	50x
KuCoin OPNUSDTM	+0.0100%	4h	0.05205	+0.096%	$135K	$65K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05206	+0.115%	$595K	$177K	20x	as long as short
BingX OPN-USDT	+0.0100%	4h	0.05215	+0.288%	—	$1.7M	—	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05200	0.000%	$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	0.05320	+2.308%	$1K	$1.5M	20x	as long as short
Gate OPN_USDT	+0.0164%	4h	0.05204	+0.077%	$212K	$177K	50x	as long as short
Deribit OPN_USDC-PERPETUAL	+0.0481%	1h	0.05204	+0.079%	—	$203	10x	as long as short
Coinbase International OPN-PERP-INTX	+0.2488%	1h	0.05365	+3.177%	$14K	$6K	50x	as long as short
Kraken Futures PF_OPNUSD	+0.2889%	1h	0.05231	+0.598%	$4K	$6K	20x	as long as short