Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit−0.038%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$540.538% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now −0.038%, 7d avg −0.024%
=The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPNUSDT | 0.05294 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $749K | $3.0M | 20x |
| Short | BingX OPN-USDT | 0.05292 | 0.0120 | get 0.0060% / 4h | 1h 59m | — | $1.7M | — |
Bybit OPNUSDT
BingX OPN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.2
- Price spread: −0.038% → −0.024%
- −$1.35
- Slippage, 4 orders
- −$32.83
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$50.98
- Costs to cover
- 0.538%
- Break-even
- 92.0 days
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 2 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 Bybit live order book, 3 min ago | 3.77 bp | 17.1 bp −$17 | 1027.6 bp −$10.3K | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 0.94 bp | 10.5 bp −$11 | 23.6 bp −$236 | 820.6 bp −$82.1K | 1336.6 bp −$668.3K |
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 | −0.2011% | 1h | 0.05284 | −0.191% | $2K | $4K | 20x | as long as short |
| BloFin OPN-USDT | +0.0094% | 4h | 0.05305 | +0.208% | $182K | $5K | 50x | as long as short |
| Binance OPNUSDT | +0.0100% | 4h | 0.05290 | −0.077% | $3.8M | $6.3M | 25x | as long as short |
| Bybit OPNUSDTlong | +0.0100% | 4h | 0.05294 | long leg | $749K | $3.0M | 20x | |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05289 | −0.094% | $850K | $332K | 50x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05297 | +0.057% | $155K | $64K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05295 | +0.019% | $610K | $172K | 20x | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05290 | −0.076% | $3K | $5K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05410 | +2.191% | $1K | $1.4M | 20x | as long as short |
| Aster OPNUSDT | +0.0105% | 4h | 0.05293 | −0.012% | $8K | $16K | 5x | as long as short |
Kraken Futures PF_OPNUSD
BloFin OPN-USDT
Binance OPNUSDT
MEXC OPN_USDT
KuCoin OPNUSDTM
Bitget OPNUSDT
Orderly PERP_OPN_USDC_mythos
SunX OPN-USDT
Aster OPNUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX OPN-USDTshort | +0.0120% | 4h | 0.05292 | −0.038% | — | $1.7M | — | |
| OKX OPN-USDT-SWAP | +0.0139% | 4h | 0.05302 | +0.151% | $827K | $3.1M | 20x | as long as short |
| Deribit OPN_USDC-PERPETUAL | +0.0298% | 1h | 0.05292 | −0.043% | $103 | $101 | 10x | as long as short |
| Gate OPN_USDT | +0.0828% | 4h | 0.05298 | +0.076% | $212K | $173K | 50x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1216% | 1h | 0.05353 | +1.114% | $14K | $6K | 50x | as long as short |
OKX OPN-USDT-SWAP
Deribit OPN_USDC-PERPETUAL
Gate OPN_USDT
Coinbase International OPN-PERP-INTX