Funding you earn now, next payment 04:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.19 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Orderly+0.039%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.039% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_OPN_USDC_mythos | 0.05180 | 0.0100 | pay 0.0050% / 4h | 2h 04m | $3K | $5K | 10x |
| Short | Binance OPNUSDT | 0.05182 | 0.0137 | get 0.0069% / 4h | 2h 04m | $3.6M | $5.8M | 25x |
Orderly PERP_OPN_USDC_mythos
Binance OPNUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. 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
- $7.8
- Price spread: +0.039% → 0.000%
- $3.86
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$4.34
- Costs to cover
- 0.160%
- Break-even
- 10.9 days
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 3 min ago. 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 Binance live order book, 3 min ago | 1.93 bp | 15.4 bp −$15 | 98.2 bp −$982 | doesn't fit | doesn't fit |
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 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 | +0.0020% | 1h | 0.05182 | +0.031% | — | — | 10x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05184 | +0.077% | $721K | $2.9M | 20x | as long as short |
| OKX OPN-USDT-SWAP | +0.0100% | 4h | 0.05187 | +0.135% | $802K | $3.2M | 20x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05179 | −0.019% | $140K | $79K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05182 | +0.039% | $594K | $187K | 20x | as long as short |
| Orderly PERP_OPN_USDC_mythoslong | +0.0100% | 4h | 0.05180 | long leg | $3K | $5K | 10x | |
| SunX OPN-USDT | +0.0100% | 4h | 0.05300 | +2.317% | $2K | $1.4M | 20x | as long as short |
| Binance OPNUSDTshort | +0.0137% | 4h | 0.05182 | +0.039% | $3.6M | $5.8M | 25x | |
| MEXC OPN_USDT | +0.0144% | 4h | 0.05183 | +0.058% | $818K | $344K | 50x | as long as short |
| BingX OPN-USDT | +0.0180% | 4h | 0.05185 | +0.097% | — | $1.6M | — | as long as short |
Deribit OPN_USDC-PERPETUAL
Bybit OPNUSDT
OKX OPN-USDT-SWAP
KuCoin OPNUSDTM
Bitget OPNUSDT
SunX OPN-USDT
MEXC OPN_USDT
BingX OPN-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPNUSDT | +0.0214% | 4h | 0.05177 | −0.058% | $7K | $14K | 5x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1128% | 1h | 0.05237 | +1.102% | $14K | $5K | 50x | as long as short |
| Gate OPN_USDT | +0.1212% | 4h | 0.05184 | +0.077% | $207K | $160K | 50x | as long as short |
| Kraken Futures PF_OPNUSD | +0.2657% | 1h | 0.05128 | −1.000% | $2K | $4K | 20x | as long as short |
Aster OPNUSDT
Coinbase International OPN-PERP-INTX
Gate OPN_USDT
Kraken Futures PF_OPNUSD