OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against BloFin+1.951%55s7-day average +2.027% · you sell dearer than you buy

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

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now +1.951%, 7d avg +2.027%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.076% cheaper against BloFin than usual: you would sell low and buy high (spread +1.951% now, against its 7-day average of +2.027%). If the spread goes back, that is −$8 on $10k: about 5.1 days of funding at the current rate (+$2 a day). The two prices were read 55 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	0.05228	0.0050	pay 0.0025% / 4h	2h 20m	$185K	$6K	50x
Short	SunX OPN-USDT	0.05330	0.0100	get 0.0050% / 4h	2h 20m	$2K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpOrdersPrice spread, now +1.951%Rate

Funding earned: $10.56
Price spread: +1.951% → +2.027%: −$7.62
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$17.07
Costs to cover: 0.200%
Break-even: 18.3 days

Slippage unknown: BloFin: live order book, 25 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 25 min ago	5.81 bp	26.3 bp −$26	85.1 bp −$851	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	253.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

OPN on 15 exchanges

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	+0.0050%	4h	0.05228	long leg	$185K	$6K	50x
Aster OPNUSDT	+0.0100%	4h	0.05211	−0.333%	$7K	$17K	5x	as long as short
Binance OPNUSDT	+0.0100%	4h	0.05216	−0.226%	$3.7M	$6.6M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05215	−0.249%	$743K	$3.3M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05223	−0.096%	$814K	$3.0M	20x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05215	−0.249%	$797K	$311K	50x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05221	−0.134%	$130K	$63K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05218	−0.191%	$591K	$171K	20x	as long as short
BingX OPN-USDT	+0.0100%	4h	0.05219	−0.172%	—	$1.7M	—	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05210	−0.344%	$3K	$5K	10x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX OPN-USDTshort	+0.0100%	4h	0.05330	+1.951%	$2K	$1.5M	20x
Gate OPN_USDT	+0.0586%	4h	0.05222	−0.115%	$212K	$171K	50x	as long as short
Deribit OPN_USDC-PERPETUAL	+0.0996%	1h	0.05221	−0.128%	—	$203	10x	as long as short
Coinbase International OPN-PERP-INTX	+0.2976%	1h	0.05170	−1.113%	$14K	$15K	50x	as long as short
Kraken Futures PF_OPNUSD	+0.3160%	1h	0.05230	+0.039%	$2K	$7K	20x	as long as short