OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against OKX+0.157%83s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$920.915% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.157%, 7d avg +0.005%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.151% dearer against OKX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.117%, so the current rate has only just turned in your favour. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPN-USDT-SWAP	0.05107	0.0100	pay 0.0050% / 4h	51m 56s	$781K	$2.9M	20x
Short	BloFin OPN-USDT	0.05115	0.0145	get 0.0073% / 4h	51m 56s	$181K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.157%Rate

Funding earned: $9.53
Price spread: +0.157% → +0.005%: $15.14
Slippage, 4 orders: −$69.54
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$66.87
Costs to cover: 0.915%
Break-even: 56.1 days

Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 46 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, 3 min ago	0.98 bp	21.3 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 46 min ago	0.97 bp	13.2 bp −$13	74.7 bp −$747	doesn't fit	doesn't fit

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	−0.1171%	1h	0.05092	−0.294%	$2K	$8K	20x	as long as short
Aster OPNUSDT	+0.0100%	4h	0.05114	+0.130%	$7K	$17K	5x	as long as short
Binance OPNUSDT	+0.0100%	4h	0.05109	+0.039%	$3.6M	$6.5M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05107	0.000%	$727K	$3.1M	20x	as long as short
OKX OPN-USDT-SWAPlong	+0.0100%	4h	0.05107	long leg	$781K	$2.9M	20x
MEXC OPN_USDT	+0.0100%	4h	0.05110	+0.059%	$815K	$304K	50x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05113	+0.117%	$115K	$57K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05112	+0.098%	$578K	$169K	20x	as long as short
BingX OPN-USDT	+0.0100%	4h	0.05108	+0.020%	—	$1.7M	—	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05110	+0.059%	$2K	$6K	10x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX OPN-USDT	+0.0100%	4h	0.05220	+2.213%	$1K	$1.4M	20x	as long as short
BloFin OPN-USDTshort	+0.0145%	4h	0.05115	+0.157%	$181K	$7K	50x
Deribit OPN_USDC-PERPETUAL	+0.0533%	1h	0.05111	+0.086%	—	$203	10x	as long as short
Gate OPN_USDT	+0.0834%	4h	0.05118	+0.215%	$207K	$172K	50x	as long as short
Coinbase International OPN-PERP-INTX	+0.1928%	1h	0.05163	+1.097%	$14K	$15K	50x	as long as short