OPN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.94 per $10,000 · paid last 24h −0.004%

Price spread now: BloFin against SunX−1.993%7-day average −2.017% · you buy dearer than you sell

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

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −1.993%, 7d avg −2.017%

Together, before fees−0.053%−$5 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 BloFin is 0.024% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −2.017%. Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.94 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	0.05370	0.0100	pay 0.0050% / 4h	1h 15m	$2K	$1.4M	20x
Short	BloFin OPN-USDT	0.05263	0.0288	get 0.0144% / 4h	1h 15m	$185K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −1.993%Rate

Funding earned: $39.42
Price spread: −1.993% → −2.017%: $2.4
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $21.81
Costs to cover: 0.200%
Break-even: 3.1 days

Slippage unknown: SunX: live order book, 9 min ago; BloFin: live order book, 22 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, 9 min ago	234.74 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 22 min ago	5.77 bp	17.2 bp −$17	62.3 bp −$623	doesn't fit	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	−1.1573%	1h	0.05254	−2.164%	$2K	$4K	20x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05268	−1.899%	$738K	$2.9M	20x	as long as short
KuCoin OPNUSDTM	+0.0100%	4h	0.05267	−1.918%	$145K	$68K	25x	as long as short
Bitget OPNUSDT	+0.0100%	4h	0.05258	−2.086%	$607K	$187K	20x	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05270	−1.862%	$3K	$5K	10x	as long as short
SunX OPN-USDTlong	+0.0100%	4h	0.05370	long leg	$2K	$1.4M	20x
Deribit OPN_USDC-PERPETUAL	+0.0263%	1h	0.05266	−1.927%	—	—	10x	as long as short
OKX OPN-USDT-SWAP	+0.0282%	4h	0.05265	−1.955%	$814K	$3.1M	20x	as long as short
BloFin OPN-USDTshort	+0.0288%	4h	0.05263	−1.993%	$185K	$4K	50x
BingX OPN-USDT	+0.0304%	4h	0.05259	−2.067%	—	$1.6M	—	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	+0.0326%	4h	0.05269	−1.881%	$837K	$340K	50x	as long as short
Binance OPNUSDT	+0.0330%	4h	0.05266	−1.937%	$3.6M	$5.9M	25x	as long as short
Aster OPNUSDT	+0.0426%	4h	0.05259	−2.069%	$8K	$14K	5x	as long as short
Coinbase International OPN-PERP-INTX	+0.1520%	1h	0.05278	−1.708%	$14K	$5K	50x	as long as short
Gate OPN_USDT	+0.1922%	4h	0.05270	−1.862%	$208K	$165K	50x	as long as short