OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against OKX−0.057%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$820.824% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days+0.035%+$4 · spread now −0.057%, 7d avg −0.024%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.033% cheaper against OKX than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.024%). If the spread goes back, that is −$3 on $10k: about 7.3 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPN-USDT-SWAP	0.05234	0.0195	pay 0.0097% / 4h	26m 39s	$810K	$3.1M	20x
Short	BingX OPN-USDT	0.05231	0.0210	get 0.0105% / 4h	26m 39s	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.057%Rate

Funding earned: $3.17
Price spread: −0.057% → −0.024%: −$3.32
Slippage, 4 orders: −$62.43
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$82.59
Costs to cover: 0.824%
Break-even: 189.4 days

Slippage from OKX: live order book, 1 min ago; BingX: live order book, 5 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 OKX live order book, 1 min ago	4.78 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	4.75 bp	11.4 bp −$11	26.6 bp −$266	872.1 bp −$87.2K	1357.9 bp −$678.9K

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	−0.2712%	1h	0.05168	−1.265%	$2K	$4K	20x	as long as short
Binance OPNUSDT	+0.0100%	4h	0.05230	−0.077%	$3.7M	$6.0M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05230	−0.076%	$733K	$2.9M	20x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05230	−0.076%	$893K	$320K	50x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05231	−0.057%	$144K	$67K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05227	−0.134%	$604K	$185K	20x	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05230	−0.076%	$3K	$5K	10x	as long as short
SunX OPN-USDT	+0.0100%	4h	0.05340	+2.025%	$1K	$1.4M	20x	as long as short
BloFin OPN-USDT	+0.0120%	4h	0.05232	−0.038%	$183K	$4K	50x	as long as short
Aster OPNUSDT	+0.0141%	4h	0.05233	−0.027%	$8K	$14K	5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit OPN_USDC-PERPETUAL	+0.0190%	1h	0.05228	−0.109%	—	—	10x	as long as short
OKX OPN-USDT-SWAPlong	+0.0195%	4h	0.05234	long leg	$810K	$3.1M	20x
BingX OPN-USDTshort	+0.0210%	4h	0.05231	−0.057%	—	$1.7M	—
Gate OPN_USDT	+0.0866%	4h	0.05237	+0.057%	$211K	$171K	50x	as long as short
Coinbase International OPN-PERP-INTX	+0.1664%	1h	0.05259	+0.485%	$14K	$5K	50x	as long as short