Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.038%
Price spread now: MEXC against Deribit−0.151%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days+0.213%+$21 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.151%, 7d avg −0.003%
=Funding pays, the price is against you. MEXC is 0.148% cheaper against Deribit than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of −0.003%). If the spread goes back, that is −$15 on $10k: about 4.9 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OP_USDC-PERPETUAL | 0.1258 | 0 | get 0.0000% / 1h | 49m 45s | $41K | $151K | 25x |
| Short | MEXC OP_USDT | 0.1256 | 0.0100 | get 0.0100% / 8h | 4h 49m | $20.8M | $7.0M | 300x |
Deribit OP_USDC-PERPETUAL
MEXC OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Deribit. 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
- $21
- Price spread: −0.151% → −0.003%
- −$14.84
- Slippage, 4 orders
- −$23.89
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$24.73
- Costs to cover
- 0.309%
- Break-even
- 15.2 days
Slippage from Deribit: live order book, 9 min ago; MEXC: live order book, 4 min ago.
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 Deribit live order book, 9 min ago | 7.93 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.79 bp | 3.7 bp −$4 | 12.7 bp −$127 | 66.0 bp −$6,604 | 119.1 bp −$59.5K |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1607% | 1h | 0.1256 | −0.159% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1259 | +0.043% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1257 | −0.073% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALlong | 0.0000% | 1h | 0.1258 | long leg | $41K | $151K | 25x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1258 | −0.002% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0035% | 8h | 0.1255 | −0.215% | $6.2M | $28.6M | 50x | as long as short |
| Variational Omni OP | +0.0047% | 8h | 0.1260 | +0.137% | $223K | $49K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1258 | 0.000% | $6K | $44K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1258 | −0.024% | $278K | $938K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1258 | 0.000% | $3.7M | $3.0M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1258 | −0.038% | $210K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1256 | −0.159% | $20.3M | $60.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1255 | −0.238% | $18.4M | $25.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1257 | −0.064% | $1.9M | $1.4M | 50x | as long as short |
| MEXC OP_USDTshort | +0.0100% | 8h | 0.1256 | −0.151% | $20.8M | $7.0M | 300x | |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1255 | −0.238% | $2.9M | $6.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1255 | −0.238% | $5.8M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1256 | −0.151% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1257 | −0.087% | $120K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1266 | +0.662% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1266 | +0.637% | $311K | $5.0M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1267 | +0.715% | $43K | $708K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1258 | −0.024% | $193 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1258 | −0.008% | $173K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1256 | −0.165% | $101K | $391K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1256 | −0.126% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1278 | +1.590% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1262 | +0.278% | $1.0M | $278K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0350% | 1h | 0.1258 | +0.039% | $789K | $570K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1258 | −0.037% | $699 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP