OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.102%

Price spread now: Gate against MEXC+0.039%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$840.837% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.234%+$23 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now +0.039%, 7d avg +0.083%

Together, before fees+0.377%+$38 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.044% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OPN_USDT	0.05138	0.0100	pay 0.0050% / 4h	2h 38m	$827K	$328K	50x
Short	Gate OPN_USDT	0.05140	0.0106	get 0.0053% / 4h	2h 38m	$208K	$168K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now +0.039%Rate

Funding earned: $1.26
Price spread: +0.039% → +0.083%: −$4.42
Slippage, 4 orders: −$64.74
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$86.9
Costs to cover: 0.837%
Break-even: 489.8 days

Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 3 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, 2 min ago	1.95 bp	5.3 bp −$5	33.0 bp −$330	648.5 bp −$64.9K	doesn't fit
Sell Gate live order book, 3 min ago	6.79 bp	39.7 bp −$40	doesn't fit	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	−0.2075%	1h	0.05122	−0.312%	$2K	$4K	20x	as long as short
BloFin OPN-USDT	+0.0057%	4h	0.05131	−0.136%	$180K	$4K	50x	as long as short
Aster OPNUSDT	+0.0100%	4h	0.05140	+0.032%	$7K	$15K	5x	as long as short
Binance OPNUSDT	+0.0100%	4h	0.05140	+0.039%	$3.5M	$6.3M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05133	−0.097%	$703K	$3.0M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05143	+0.097%	$795K	$3.1M	20x	as long as short
MEXC OPN_USDTlong	+0.0100%	4h	0.05138	long leg	$827K	$328K	50x
KuCoin OPNUSDTM	+0.0100%	4h	0.05133	−0.097%	$142K	$67K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05137	−0.019%	$593K	$184K	20x	as long as short
BingX OPN-USDT	+0.0100%	4h	0.05139	+0.019%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05130	−0.156%	$3K	$5K	10x	as long as short
SunX OPN-USDT	+0.0100%	4h	0.05250	+2.180%	$2K	$1.4M	20x	as long as short
Gate OPN_USDTshort	+0.0106%	4h	0.05140	+0.039%	$208K	$168K	50x
Deribit OPN_USDC-PERPETUAL	+0.0919%	1h	0.05137	−0.027%	—	—	10x	as long as short
Coinbase International OPN-PERP-INTX	+0.1216%	1h	0.05257	+2.312%	$14K	$6K	50x	as long as short