Funding you earn now, next payment 04:00 UTC+0.0183%/8h= +20.0% APRnext payment +$0.92 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against SunX−1.974%47s7-day average −2.069% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)−0.465%−$47 · spread now −1.974%, 7d avg −2.069%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.095% dearer against SunX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −2.069%. The two prices were read 47 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 0.026% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.92 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 14m | $2K | $1.4M | 20x |
| Short | OKX OPN-USDT-SWAP | 0.05264 | 0.0283 | get 0.0142% / 4h | 1h 14m | $813K | $3.1M | 20x |
SunX OPN-USDT
OKX OPN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $38.44
- Price spread: −1.974% → −2.069%
- $9.51
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $29.95
- Costs to cover
- 0.180%
- Break-even
- 1.5 days
Slippage unknown: SunX: live order book, 10 min ago; OKX: live order book, 3 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, 10 min ago | 234.74 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.81 bp | 28.0 bp −$28 | doesn't fit | 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 | 0.05256 | −2.123% | $736K | $2.9M | 20x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05259 | −2.067% | $145K | $68K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05256 | −2.123% | $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-SWAPshort | +0.0283% | 4h | 0.05264 | −1.974% | $813K | $3.1M | 20x | |
| BloFin OPN-USDT | +0.0288% | 4h | 0.05263 | −1.993% | $185K | $4K | 50x | as long as short |
| BingX OPN-USDT | +0.0314% | 4h | 0.05259 | −2.067% | — | $1.7M | — | as long as short |
Kraken Futures PF_OPNUSD
Bybit OPNUSDT
KuCoin OPNUSDTM
Bitget OPNUSDT
Orderly PERP_OPN_USDC_mythos
Deribit OPN_USDC-PERPETUAL
BloFin OPN-USDT
BingX OPN-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance OPNUSDT | +0.0325% | 4h | 0.05260 | −2.048% | $3.6M | $5.9M | 25x | as long as short |
| MEXC OPN_USDT | +0.0328% | 4h | 0.05256 | −2.123% | $835K | $340K | 50x | as long as short |
| Aster OPNUSDT | +0.0426% | 4h | 0.05261 | −2.033% | $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 | +0.1894% | 4h | 0.05265 | −1.955% | $208K | $165K | 50x | as long as short |
Binance OPNUSDT
MEXC OPN_USDT
Aster OPNUSDT
Coinbase International OPN-PERP-INTX
Gate OPN_USDT