Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%
Price spread now: MEXC against edgeX−0.177%83s7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.399% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)−0.035%−$3 · spread now −0.177%, 7d avg +0.047%
=Together, before fees−0.105%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.223% cheaper against edgeX than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX OPUSDC | 0.1262 | 0.0100 | pay 0.0050% / 4h | 3h 08m | $4K | $385K | 10x |
| Short | MEXC OP_USDT | 0.1260 | 0.0100 | get 0.0100% / 8h | 3h 08m | $21.2M | $7.4M | 300x |
edgeX OPUSDC
MEXC OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against edgeX. 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
- $0
- Price spread: −0.177% → +0.047%
- −$22.33
- Slippage, 4 orders
- −$30.94
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$62.28
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 45 min ago; MEXC: live order book, 1 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 edgeX live order book, 45 min ago | 7.84 bp | 15.8 bp −$16 | 113.4 bp −$1,134 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.79 bp | 3.2 bp −$3 | 43.1 bp −$431 | 80.0 bp −$7,999 | 109.4 bp −$54.7K |
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 | −0.1568% | 1h | 0.1255 | −0.573% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1260 | −0.163% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1258 | −0.297% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1260 | −0.177% | $42K | $138K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1260 | −0.177% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1270 | +0.616% | $25K | $56K | 50x | as long as short |
| Variational Omni OP | +0.0038% | 8h | 0.1258 | −0.334% | $223K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1259 | −0.256% | $6K | $46K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0057% | 1h | 0.1260 | −0.147% | $773K | $548K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0095% | 8h | 0.1260 | −0.169% | $6.2M | $28.4M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTX
Variational Omni OP
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1260 | −0.137% | $275K | $949K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1260 | −0.145% | $3.7M | $2.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1260 | −0.176% | $210K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1260 | −0.181% | $20.3M | $61.0M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1259 | −0.232% | $18.5M | $24.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1260 | −0.184% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDTshort | +0.0100% | 8h | 0.1260 | −0.177% | $21.2M | $7.4M | 300x | |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1259 | −0.256% | $2.8M | $6.3M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1260 | −0.177% | $5.8M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1259 | −0.256% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1260 | −0.208% | $117K | $206K | 10x | as long as short |
| edgeX OPUSDClong | +0.0100% | 4h | 0.1262 | long leg | $4K | $385K | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1262 | −0.017% | $316K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1263 | +0.061% | $43K | $707K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1260 | −0.169% | $196 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | −0.145% | $170K | $229K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1259 | −0.221% | $102K | $393K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1260 | −0.181% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1257 | −0.422% | $834K | $278K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1259 | −0.223% | $700 | — | 20x | as long as short |
Lighter OP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP