Funding you earn now, next payment 12:00 UTC−0.1264%/8h= −138.4% APRpaid last 24h −0.394%
Price spread now: Kraken Futures against OKX−0.411%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and Kraken Futures is 0.411% cheaper against OKX than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OPN-USDT-SWAP | 0.05144 | 0.0100 | pay 0.0050% / 4h | 9m 19s | $785K | $2.9M | 20x |
| Short | Kraken Futures PF_OPNUSD | 0.05123 | −0.1164 | pay 0.0145% / 1h | 9m 19s | $2K | $8K | 20x |
OKX OPN-USDT-SWAP
Kraken Futures PF_OPNUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$265.41
- Price spread: −0.411% → 0.000%
- −$41.15
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$326.56
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 1 min ago; Kraken Futures: 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, 1 min ago | 3.89 bp | 22.3 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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_OPNUSDshort | −0.1164% | 1h | 0.05123 | −0.411% | $2K | $8K | 20x | |
| BloFin OPN-USDT | +0.0083% | 4h | 0.05137 | −0.136% | $180K | $7K | 50x | as long as short |
| Aster OPNUSDT | +0.0100% | 4h | 0.05139 | −0.095% | $7K | $17K | 5x | as long as short |
| Binance OPNUSDT | +0.0100% | 4h | 0.05145 | +0.019% | $3.6M | $6.5M | 25x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05143 | −0.019% | $729K | $3.0M | 20x | as long as short |
| OKX OPN-USDT-SWAPlong | +0.0100% | 4h | 0.05144 | long leg | $785K | $2.9M | 20x | |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05146 | +0.039% | $820K | $307K | 50x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05143 | −0.019% | $115K | $57K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05143 | −0.019% | $580K | $165K | 20x | as long as short |
| BingX OPN-USDT | +0.0100% | 4h | 0.05146 | +0.039% | — | $1.7M | — | as long as short |
BloFin OPN-USDT
Aster OPNUSDT
Binance OPNUSDT
Bybit OPNUSDT
MEXC OPN_USDT
KuCoin OPNUSDTM
Bitget OPNUSDT
BingX OPN-USDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05140 | −0.078% | $2K | $6K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05250 | +2.061% | $2K | $1.4M | 20x | as long as short |
| Gate OPN_USDT | +0.0930% | 4h | 0.05144 | 0.000% | $208K | $173K | 50x | as long as short |
| Deribit OPN_USDC-PERPETUAL | +0.1579% | 1h | 0.05149 | +0.095% | $109 | $311 | 10x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1928% | 1h | 0.05198 | +1.040% | $15K | $15K | 50x | as long as short |
Orderly PERP_OPN_USDC_mythos
SunX OPN-USDT
Gate OPN_USDT
Deribit OPN_USDC-PERPETUAL
Coinbase International OPN-PERP-INTX