Settings8H · net · $10k
Funding arb · Price arb /

OPN

all OPN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against KuCoin+2.096%7-day average +2.087% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.474%+$47 · spread now +2.096%, 7d avg +2.087%
Together, before fees+0.474%+$47 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPNUSDTM0.052010.0100pay 0.0050% / 4h2h 55m$129K$64K25x
ShortSunX OPN-USDT0.053100.0100get 0.0050% / 4h2h 55m$2K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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

Funding earned
$0
Price spread: +2.096% → +2.087%
$0.88
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$19.12
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 24 min ago; SunX: 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 24 min ago15.41 bp191.1 bp −$191doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 9 min ago252.10 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

OPN on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPNUSDT+0.0100%4h0.05196−0.097%$7K$18K5xas long as short
Binance OPNUSDT+0.0100%4h0.05194−0.135%$3.6M$6.6M25xas long as short
Bybit OPNUSDT+0.0100%4h0.05193−0.154%$731K$3.2M20xas long as short
MEXC OPN_USDT+0.0100%4h0.05193−0.154%$825K$304K50xas long as short
KuCoin OPNUSDTMlong+0.0100%4h0.05201long leg$129K$64K25x
Bitget OPNUSDT+0.0100%4h0.05195−0.115%$588K$172K20xas long as short
Orderly PERP_OPN_USDC_mythos+0.0100%4h0.05200−0.019%$3K$5K10xas long as short
SunX OPN-USDTshort+0.0100%4h0.05310+2.096%$2K$1.5M20x
BloFin OPN-USDT+0.0103%4h0.05210+0.173%$182K$6K50xas long as short
OKX OPN-USDT-SWAP+0.0121%4h0.05197−0.077%$809K$3.0M20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX OPN-USDT+0.0126%4h0.05195−0.115%$1.7Mas long as short
Deribit OPN_USDC-PERPETUAL+0.0712%1h0.05203+0.048%$20310xas long as short
Gate OPN_USDT+0.0838%4h0.05203+0.038%$211K$168K50xas long as short
Coinbase International OPN-PERP-INTX+0.2976%1h0.05276+1.436%$14K$6K50xas long as short
Kraken Futures PF_OPNUSD+0.3169%1h0.05215+0.269%$2K$7K20xas long as short