OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Orderly−0.057%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.057% cheaper against Orderly than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 9.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_OPN_USDC_mythos	0.05230	0.0100	pay 0.0050% / 4h	3h 30m	$3K	$5K	10x
Short	BloFin OPN-USDT	0.05227	0.0120	get 0.0060% / 4h	3h 30m	$184K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.057%Rate

Funding earned: $4.28
Price spread: −0.057% → 0.000%: −$5.74
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$19.46
Costs to cover: 0.180%
Break-even: 38.8 days

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 59 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 BloFin live order book, 59 min ago	3.81 bp	20.5 bp −$21	62.0 bp −$620	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 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	−0.2490%	1h	0.05229	−0.018%	$2K	$4K	20x	as long as short
Binance OPNUSDT	+0.0100%	4h	0.05241	+0.210%	$3.6M	$6.2M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05235	+0.096%	$725K	$2.9M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05246	+0.306%	$811K	$3.1M	20x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05241	+0.210%	$854K	$329K	50x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05236	+0.115%	$144K	$67K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05235	+0.096%	$605K	$185K	20x	as long as short
BingX OPN-USDT	+0.0100%	4h	0.05243	+0.249%	—	$1.7M	—	as long as short
Orderly PERP_OPN_USDC_mythoslong	+0.0100%	4h	0.05230	long leg	$3K	$5K	10x
SunX OPN-USDT	+0.0100%	4h	0.05340	+2.103%	$2K	$1.4M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPNUSDT	+0.0114%	4h	0.05230	+0.006%	$8K	$15K	5x	as long as short
BloFin OPN-USDTshort	+0.0120%	4h	0.05227	−0.057%	$184K	$4K	50x
Gate OPN_USDT	+0.0558%	4h	0.05237	+0.134%	$211K	$172K	50x	as long as short
Deribit OPN_USDC-PERPETUAL	+0.0648%	1h	0.05238	+0.157%	—	—	10x	as long as short
Coinbase International OPN-PERP-INTX	+0.1448%	1h	0.05232	+0.040%	$14K	$6K	50x	as long as short