Settings8H · net · $10k
Funding arb · Price arb /

OPN

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.62 per $10,000 · paid last 24h +0.003%
Price spread now: BingX against Orderly+0.038%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BingX is 0.038% 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).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_OPN_USDC_mythos0.052300.0100pay 0.0050% / 4h27m 58s$3K$5K10x
ShortBingX OPN-USDT0.052320.0224get 0.0112% / 4h27m 58s$1.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$26.04
Price spread: +0.038% → 0.000%
$3.82
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee BingX: 5 bp × 2 orders
−$10
Net
$13.86
Costs to cover
0.160%
Break-even
3.3 days
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell BingX live order book, 4 min ago4.75 bp11.4 bp −$1126.6 bp −$266872.1 bp −$87.2K1357.9 bp −$678.9K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_OPNUSD−0.2687%1h0.05217−0.255%$2K$4K20xas long as short
BloFin OPN-USDT+0.0042%4h0.05248+0.344%$184K$4K50xas long as short
Deribit OPN_USDC-PERPETUAL+0.0094%1h0.05230+0.010%10xas long as short
Binance OPNUSDT+0.0100%4h0.05231+0.019%$3.7M$6.0M25xas long as short
Bybit OPNUSDT+0.0100%4h0.05231+0.019%$733K$2.9M20xas long as short
MEXC OPN_USDT+0.0100%4h0.05231+0.019%$894K$320K50xas long as short
KuCoin OPNUSDTM+0.0100%4h0.05235+0.096%$144K$67K25xas long as short
Bitget OPNUSDT+0.0100%4h0.05233+0.057%$605K$185K20xas long as short
Orderly PERP_OPN_USDC_mythoslong+0.0100%4h0.05230long leg$3K$5K10x
SunX OPN-USDT+0.0100%4h0.05350+2.294%$2K$1.4M20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPNUSDT+0.0159%4h0.05237+0.141%$8K$14K5xas long as short
OKX OPN-USDT-SWAP+0.0199%4h0.05235+0.096%$811K$3.1M20xas long as short
BingX OPN-USDTshort+0.0224%4h0.05232+0.038%$1.7M
Gate OPN_USDT+0.0890%4h0.05239+0.172%$211K$171K50xas long as short
Coinbase International OPN-PERP-INTX+0.1664%1h0.05259+0.562%$14K$5K50xas long as short