OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0155%/8h= +17.0% APRnext payment +$0.78 per $10,000 · paid last 24h +0.003%

Price spread now: Aster against Orderly+0.222%49s7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.222% dearer against Orderly than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Orderly PERP_OPN_USDC_mythos	0.05170	0.0100	pay 0.0050% / 4h	2h 08m	$3K	$5K	10x
Short	Aster OPNUSDT	0.05181	0.0255	get 0.0128% / 4h	2h 08m	$7K	$14K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now +0.222%Rate

Funding earned: $32.59
Price spread: +0.222% → 0.000%: $22.21
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $40.8
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Aster: 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 Orderly no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Orderly and Aster: 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 14 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
Deribit OPN_USDC-PERPETUAL	0.0000%	1h	0.05168	−0.044%	—	—	10x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05179	+0.174%	$718K	$2.9M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05181	+0.213%	$801K	$3.2M	20x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05181	+0.213%	$140K	$79K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05176	+0.116%	$593K	$187K	20x	as long as short
Orderly PERP_OPN_USDC_mythoslong	+0.0100%	4h	0.05170	long leg	$3K	$5K	10x
SunX OPN-USDT	+0.0100%	4h	0.05280	+2.128%	$2K	$1.4M	20x	as long as short
MEXC OPN_USDT	+0.0180%	4h	0.05174	+0.077%	$817K	$344K	50x	as long as short
Binance OPNUSDT	+0.0181%	4h	0.05179	+0.174%	$3.6M	$5.8M	25x	as long as short
BingX OPN-USDT	+0.0190%	4h	0.05176	+0.116%	—	$1.6M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPNUSDTshort	+0.0255%	4h	0.05181	+0.222%	$7K	$14K	5x
Coinbase International OPN-PERP-INTX	+0.1128%	1h	0.05237	+1.298%	$14K	$5K	50x	as long as short
Gate OPN_USDT	+0.1270%	4h	0.05181	+0.213%	$207K	$160K	50x	as long as short
Kraken Futures PF_OPNUSD	+0.2662%	1h	0.05118	−1.000%	$2K	$4K	20x	as long as short