Funding arb · Price arb /

OPN

all OPN markets

Swap Backtest

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 −0.001%

Price spread now: Orderly against MEXC0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OPN_USDT	0.05140	0.0100	pay 0.0050% / 4h	11m 11s	$819K	$307K	50x
Short	Orderly PERP_OPN_USDC_mythos	0.05140	0.0100	get 0.0050% / 4h	11m 11s	$2K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 22 min ago; Orderly: no order-book sample. 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 MEXC live order book, 22 min ago	1.95 bp	9.3 bp −$9	44.0 bp −$440	869.2 bp −$86.9K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Kraken Futures PF_OPNUSD	−0.1165%	1h	0.05118	−0.428%	$2K	$8K	20x	as long as short
BloFin OPN-USDT	+0.0083%	4h	0.05137	−0.058%	$180K	$7K	50x	as long as short
Aster OPNUSDT	+0.0100%	4h	0.05138	−0.046%	$7K	$17K	5x	as long as short
Binance OPNUSDT	+0.0100%	4h	0.05141	+0.021%	$3.6M	$6.5M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05135	−0.097%	$728K	$3.0M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05140	0.000%	$785K	$2.9M	20x	as long as short
MEXC OPN_USDTlong	+0.0100%	4h	0.05140	long leg	$819K	$307K	50x
KuCoin OPNUSDTM	+0.0100%	4h	0.05135	−0.097%	$115K	$57K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05137	−0.058%	$579K	$165K	20x	as long as short
BingX OPN-USDT	+0.0100%	4h	0.05139	−0.019%	—	$1.7M	—	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_OPN_USDC_mythosshort	+0.0100%	4h	0.05140	0.000%	$2K	$6K	10x
SunX OPN-USDT	+0.0100%	4h	0.05240	+1.946%	$2K	$1.4M	20x	as long as short
Gate OPN_USDT	+0.0914%	4h	0.05139	−0.019%	$208K	$173K	50x	as long as short
Deribit OPN_USDC-PERPETUAL	+0.1016%	1h	0.05141	+0.027%	$108	$311	10x	as long as short
Coinbase International OPN-PERP-INTX	+0.1928%	1h	0.05198	+1.119%	$15K	$15K	50x	as long as short