OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0180%/8h= −19.8% APRnext payment −$0.90 per $10,000 · paid last 24h −0.003%

Price spread now: Orderly against OKX+0.229%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Orderly is 0.229% dearer against OKX than usual: you sell high and buy low (spread +0.229% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPN-USDT-SWAP	0.05248	0.0280	pay 0.0140% / 4h	1h 13m	$812K	$3.1M	20x
Short	Orderly PERP_OPN_USDC_mythos	0.05260	0.0100	get 0.0050% / 4h	1h 13m	$3K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.229%Rate

Funding earned: −$37.88
Price spread: +0.229% → 0.000%: $22.87
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$31.01
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 min ago; Orderly: 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, 4 min ago	3.81 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−1.1603%	1h	0.05240	−0.150%	$2K	$4K	20x	as long as short
Deribit OPN_USDC-PERPETUAL	0.0000%	1h	0.05254	+0.116%	—	—	10x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05256	+0.152%	$732K	$2.9M	20x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05259	+0.210%	$145K	$68K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05256	+0.152%	$607K	$187K	20x	as long as short
Orderly PERP_OPN_USDC_mythosshort	+0.0100%	4h	0.05260	+0.229%	$3K	$5K	10x
SunX OPN-USDT	+0.0100%	4h	0.05360	+2.134%	$2K	$1.4M	20x	as long as short
OKX OPN-USDT-SWAPlong	+0.0280%	4h	0.05248	long leg	$812K	$3.1M	20x
BingX OPN-USDT	+0.0314%	4h	0.05256	+0.152%	—	$1.6M	—	as long as short
MEXC OPN_USDT	+0.0324%	4h	0.05258	+0.191%	$836K	$340K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance OPNUSDT	+0.0325%	4h	0.05258	+0.186%	$3.7M	$5.9M	25x	as long as short
BloFin OPN-USDT	+0.0354%	4h	0.05264	+0.305%	$183K	$4K	50x	as long as short
Aster OPNUSDT	+0.0416%	4h	0.05259	+0.216%	$8K	$14K	5x	as long as short
Coinbase International OPN-PERP-INTX	+0.1520%	1h	0.05278	+0.577%	$14K	$5K	50x	as long as short
Gate OPN_USDT	+0.1864%	4h	0.05264	+0.305%	$208K	$165K	50x	as long as short