Funding you earn now, next payment 11:00 UTC−0.2937%/8h= −321.6% APRpaid last 24h +0.545%
Price spread now: BingX against Kraken Futures−0.190%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$88 a day on $10k at the current rate, and BingX is 0.190% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPNUSD | 0.05118 | 0.3037 | pay 0.0380% / 1h | 30m 48s | $2K | $7K | 20x |
| Short | BingX OPN-USDT | 0.05108 | 0.0100 | get 0.0050% / 4h | 1h 30m | — | $1.7M | — |
Kraken Futures PF_OPNUSD
BingX OPN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$616.72
- Price spread: −0.190% → 0.000%
- −$19.02
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$655.75
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 9 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 9 min ago | 0.97 bp | 12.2 bp −$12 | 47.7 bp −$477 | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-USDT | +0.0081% | 4h | 0.05109 | −0.171% | $182K | $7K | 50x | as long as short |
| Aster OPNUSDT | +0.0100% | 4h | 0.05110 | −0.142% | $7K | $16K | 5x | as long as short |
| Binance OPNUSDT | +0.0100% | 4h | 0.05109 | −0.171% | $3.6M | $6.4M | 25x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05106 | −0.229% | $729K | $3.2M | 20x | as long as short |
| OKX OPN-USDT-SWAP | +0.0100% | 4h | 0.05107 | −0.210% | $780K | $2.9M | 20x | as long as short |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05108 | −0.190% | $815K | $308K | 50x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05112 | −0.112% | $122K | $56K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05108 | −0.190% | $578K | $168K | 20x | as long as short |
| BingX OPN-USDTshort | +0.0100% | 4h | 0.05108 | −0.190% | — | $1.7M | — | |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05110 | −0.151% | $2K | $6K | 10x | as long as short |
BloFin OPN-USDT
Aster OPNUSDT
Binance OPNUSDT
Bybit OPNUSDT
OKX OPN-USDT-SWAP
MEXC OPN_USDT
KuCoin OPNUSDTM
Bitget OPNUSDT
Orderly PERP_OPN_USDC_mythosShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX OPN-USDT | +0.0100% | 4h | 0.05220 | +1.998% | $1K | $1.4M | 20x | as long as short |
| Gate OPN_USDT | +0.0462% | 4h | 0.05110 | −0.151% | $206K | $171K | 50x | as long as short |
| Deribit OPN_USDC-PERPETUAL | +0.0828% | 1h | 0.05110 | −0.153% | — | $203 | 10x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1968% | 1h | 0.05233 | +2.254% | $15K | $15K | 50x | as long as short |
| Kraken Futures PF_OPNUSDlong | +0.3037% | 1h | 0.05118 | long leg | $2K | $7K | 20x |
SunX OPN-USDT
Gate OPN_USDT
Deribit OPN_USDC-PERPETUAL
Coinbase International OPN-PERP-INTX