Funding arb · Price arb /

OPN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Aster against OKX−0.093%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.093% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPN-USDT-SWAP	0.05139	0.0100	pay 0.0050% / 4h	2h 39m	$796K	$3.1M	20x
Short	Aster OPNUSDT	0.05134	0.0100	get 0.0050% / 4h	2h 39m	$7K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → 0.000%: −$9.31
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.31
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; Aster: 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 OKX live order book, 3 min ago	0.97 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 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	−0.2073%	1h	0.05126	−0.252%	$2K	$4K	20x	as long as short
BloFin OPN-USDT	+0.0051%	4h	0.05161	+0.428%	$181K	$4K	50x	as long as short
Aster OPNUSDTshort	+0.0100%	4h	0.05134	−0.093%	$7K	$15K	5x
Binance OPNUSDT	+0.0100%	4h	0.05134	−0.099%	$3.5M	$6.3M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05132	−0.136%	$700K	$3.0M	20x	as long as short
OKX OPN-USDT-SWAPlong	+0.0100%	4h	0.05139	long leg	$796K	$3.1M	20x
Gate OPN_USDT	+0.0100%	4h	0.05140	+0.019%	$208K	$168K	50x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05135	−0.078%	$827K	$328K	50x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05137	−0.039%	$142K	$67K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05132	−0.136%	$592K	$184K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX OPN-USDT	+0.0100%	4h	0.05135	−0.078%	—	$1.7M	—	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05130	−0.175%	$3K	$5K	10x	as long as short
SunX OPN-USDT	+0.0100%	4h	0.05250	+2.160%	$1K	$1.4M	20x	as long as short
Deribit OPN_USDC-PERPETUAL	+0.0549%	1h	0.05137	−0.039%	—	—	10x	as long as short
Coinbase International OPN-PERP-INTX	+0.1216%	1h	0.05257	+2.292%	$14K	$6K	50x	as long as short