Funding you earn now, next payment 04:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC−0.008%7-day average −0.001% · 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−$50as in the Price arb table
costs, in and out, $10k−$500.497% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.466%−$47 · spread now −0.008%, 7d avg −0.001%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OPN_USDT | 0.05259 | 0.0328 | pay 0.0164% / 4h | 1h 14m | $836K | $340K | 50x |
| Short | Binance OPNUSDT | 0.05259 | 0.0325 | get 0.0163% / 4h | 1h 14m | $3.6M | $5.9M | 25x |
MEXC OPN_USDT
Binance OPNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- −$0.57
- Price spread: −0.008% → −0.001%
- −$0.68
- Slippage, 4 orders
- −$35.7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$50.95
- Costs to cover
- 0.497%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 41 min ago; Binance: live order book, 9 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 MEXC live order book, 41 min ago | 2.88 bp | 5.9 bp −$6 | 37.7 bp −$377 | 769.4 bp −$76.9K | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.91 bp | 18.2 bp −$18 | 101.4 bp −$1,014 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_OPNUSD | −1.1573% | 1h | 0.05254 | −0.099% | $2K | $4K | 20x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05258 | −0.019% | $736K | $2.9M | 20x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05261 | +0.038% | $145K | $68K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05258 | −0.019% | $607K | $187K | 20x | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05270 | +0.209% | $3K | $5K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05370 | +2.111% | $2K | $1.4M | 20x | as long as short |
| Deribit OPN_USDC-PERPETUAL | +0.0263% | 1h | 0.05266 | +0.143% | — | — | 10x | as long as short |
| OKX OPN-USDT-SWAP | +0.0282% | 4h | 0.05257 | −0.038% | $813K | $3.1M | 20x | as long as short |
| BloFin OPN-USDT | +0.0288% | 4h | 0.05263 | +0.076% | $185K | $4K | 50x | as long as short |
| BingX OPN-USDT | +0.0314% | 4h | 0.05257 | −0.038% | — | $1.6M | — | as long as short |
Kraken Futures PF_OPNUSD
Bybit OPNUSDT
KuCoin OPNUSDTM
Bitget OPNUSDT
Orderly PERP_OPN_USDC_mythos
SunX OPN-USDT
Deribit OPN_USDC-PERPETUAL
OKX OPN-USDT-SWAP
BloFin OPN-USDT
BingX OPN-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance OPNUSDTshort | +0.0325% | 4h | 0.05259 | −0.008% | $3.6M | $5.9M | 25x | |
| MEXC OPN_USDTlong | +0.0328% | 4h | 0.05259 | long leg | $836K | $340K | 50x | |
| Aster OPNUSDT | +0.0426% | 4h | 0.05261 | +0.037% | $8K | $14K | 5x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1520% | 1h | 0.05278 | +0.367% | $14K | $5K | 50x | as long as short |
| Gate OPN_USDT | +0.1894% | 4h | 0.05265 | +0.114% | $208K | $165K | 50x | as long as short |
Aster OPNUSDT
Coinbase International OPN-PERP-INTX
Gate OPN_USDT