OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.42 per $10,000 · paid last 24h +0.003%

Price spread now: OKX against Orderly+0.076%7-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 OKX

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.076% dearer against Orderly than usual: you sell high and buy low: +$8 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	0.05250	0.0100	pay 0.0050% / 4h	25m 02s	$3K	$5K	10x
Short	OKX OPN-USDT-SWAP	0.05254	0.0185	get 0.0092% / 4h	25m 02s	$812K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.076%Rate

Funding earned: $17.85
Price spread: +0.076% → 0.000%: $7.62
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $9.47
Costs to cover: 0.160%
Break-even: 3.3 days

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	4.78 bp	30.4 bp −$30	doesn't fit	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	−0.2682%	1h	0.05225	−0.468%	$2K	$4K	20x	as long as short
Binance OPNUSDT	+0.0100%	4h	0.05251	+0.017%	$3.7M	$6.0M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05249	−0.019%	$735K	$2.9M	20x	as long as short
MEXC OPN_USDT	+0.0100%	4h	0.05250	0.000%	$897K	$320K	50x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05248	−0.038%	$145K	$67K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05250	0.000%	$606K	$185K	20x	as long as short
Orderly PERP_OPN_USDC_mythoslong	+0.0100%	4h	0.05250	long leg	$3K	$5K	10x
SunX OPN-USDT	+0.0100%	4h	0.05370	+2.286%	$2K	$1.4M	20x	as long as short
BloFin OPN-USDT	+0.0112%	4h	0.05236	−0.267%	$185K	$4K	50x	as long as short
Aster OPNUSDT	+0.0141%	4h	0.05248	−0.038%	$8K	$14K	5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX OPN-USDT-SWAPshort	+0.0185%	4h	0.05254	+0.076%	$812K	$3.1M	20x
BingX OPN-USDT	+0.0200%	4h	0.05260	+0.190%	—	$1.7M	—	as long as short
Deribit OPN_USDC-PERPETUAL	+0.0570%	1h	0.05251	+0.013%	—	—	10x	as long as short
Gate OPN_USDT	+0.0854%	4h	0.05246	−0.076%	$211K	$171K	50x	as long as short
Coinbase International OPN-PERP-INTX	+0.1664%	1h	0.05259	+0.179%	$14K	$5K	50x	as long as short