OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX+0.019%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$479as in the Funding arb table

Net, price: spread back to 7d avg − costs−$474as in the Price arb table

costs, in and out, $10k−$4764.763% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.412%+$41 · spread now +0.019%, 7d avg −0.007%

Together, before fees+0.385%+$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.026% dearer against OKX than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.007%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.026% in total) that is about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPN-USDT-SWAP	0.05210	0.0134	pay 0.0067% / 4h	3h 00m	$814K	$3.0M	20x
Short	KuCoin OPNUSDTM	0.05211	0.0100	get 0.0050% / 4h	3h 00m	$129K	$64K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$7.11
Price spread: +0.019% → −0.007%: $2.64
Slippage, 4 orders: −$454.33
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$480.8
Costs to cover: 4.763%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 20 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, 2 min ago	1.92 bp	20.5 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	15.41 bp	234.3 bp −$234	doesn't fit	doesn't fit	doesn't fit

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
Aster OPNUSDT	+0.0100%	4h	0.05199	−0.207%	$7K	$18K	5x	as long as short
Binance OPNUSDT	+0.0100%	4h	0.05200	−0.185%	$3.6M	$6.6M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05204	−0.115%	$733K	$3.2M	20x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05202	−0.154%	$826K	$324K	50x	as long as short
KuCoin OPNUSDTMshort	+0.0100%	4h	0.05211	+0.019%	$129K	$64K	25x
Bitget OPNUSDT	+0.0100%	4h	0.05206	−0.077%	$589K	$173K	20x	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05190	−0.384%	$3K	$5K	10x	as long as short
SunX OPN-USDT	+0.0100%	4h	0.05320	+2.111%	$2K	$1.5M	20x	as long as short
OKX OPN-USDT-SWAPlong	+0.0134%	4h	0.05210	long leg	$814K	$3.0M	20x
BingX OPN-USDT	+0.0144%	4h	0.05205	−0.096%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPN-USDT	+0.0145%	4h	0.05212	+0.038%	$181K	$6K	50x	as long as short
Deribit OPN_USDC-PERPETUAL	+0.0558%	1h	0.05205	−0.106%	—	$203	10x	as long as short
Gate OPN_USDT	+0.0912%	4h	0.05218	+0.154%	$212K	$177K	50x	as long as short
Coinbase International OPN-PERP-INTX	+0.2696%	1h	0.05276	+1.261%	$14K	$6K	50x	as long as short
Kraken Futures PF_OPNUSD	+0.3990%	1h	0.05202	−0.150%	$2K	$7K	20x	as long as short