OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.99 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against SunX−1.720%55s7-day average −2.080% · you buy dearer than you sell

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

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.828%−$83 · spread now −1.720%, 7d avg −2.080%

Together, before fees−0.769%−$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.360% dearer against SunX than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −2.080%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX OPN-USDT	0.05350	0.0100	pay 0.0050% / 4h	1h 16m	$1K	$1.4M	20x
Short	BingX OPN-USDT	0.05258	0.0298	get 0.0149% / 4h	1h 16m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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 SunXbpFee BingXbpOrdersPrice spread, now −1.720%Rate

Funding earned: $41.58
Price spread: −1.720% → −2.080%: $36
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $59.58
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SunX: live order book, 8 min ago; BingX: live order book, 6 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 SunX live order book, 8 min ago	234.74 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	3.83 bp	10.4 bp −$10	22.6 bp −$226	982.1 bp −$98.2K	doesn't fit

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	−1.1617%	1h	0.05234	−2.176%	$2K	$4K	20x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05264	−1.607%	$736K	$2.9M	20x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05240	−2.056%	$143K	$68K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05244	−1.981%	$601K	$186K	20x	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05260	−1.682%	$3K	$5K	10x	as long as short
SunX OPN-USDTlong	+0.0100%	4h	0.05350	long leg	$1K	$1.4M	20x
Deribit OPN_USDC-PERPETUAL	+0.0208%	1h	0.05244	−1.991%	—	—	10x	as long as short
OKX OPN-USDT-SWAP	+0.0286%	4h	0.05261	−1.664%	$812K	$3.1M	20x	as long as short
BingX OPN-USDTshort	+0.0298%	4h	0.05258	−1.720%	—	$1.6M	—
BloFin OPN-USDT	+0.0314%	4h	0.05245	−1.963%	$184K	$4K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC OPN_USDT	+0.0314%	4h	0.05243	−2.000%	$833K	$340K	50x	as long as short
Binance OPNUSDT	+0.0327%	4h	0.05246	−1.951%	$3.6M	$5.8M	25x	as long as short
Aster OPNUSDT	+0.0415%	4h	0.05236	−2.133%	$8K	$14K	5x	as long as short
Coinbase International OPN-PERP-INTX	+0.1520%	1h	0.05239	−2.069%	$14K	$5K	50x	as long as short
Gate OPN_USDT	+0.1934%	4h	0.05256	−1.757%	$208K	$165K	50x	as long as short