Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%
Price spread now: MEXC against GRVT−0.519%112s7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as 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−$770.770% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 7 days+0.628%+$63 · spread now −0.519%, 7d avg +0.020%
=Together, before fees+0.557%+ Points / potential airdropGRVT: Active · farm board+$56 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 0.539% cheaper against GRVT than usual: you would sell low and buy high, −$54 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 112 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 | GRVT OP_USDT_Perp | 0.1249 | 0.0100 | pay 0.0100% / 8h | 2h 23m | $306K | $5.3M | 10x |
| Short | MEXC OP_USDT | 0.1242 | 0.0100 | get 0.0100% / 8h | 2h 23m | $22.6M | $7.7M | 300x |
GRVT OP_USDT_Perp
MEXC OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against GRVT. 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: −0.519% → +0.020%
- −$53.86
- Slippage, 4 orders
- −$68.04
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$130.9
- Costs to cover
- 0.770%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 5 min ago; MEXC: live order book, 5 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 GRVT live order book, 5 min ago | 4.01 bp | 42.4 bp −$42 | 132.1 bp −$1,321 | 12413.5 bp −$1.24M | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.40 bp | 5.0 bp −$5 | 36.9 bp −$369 | 73.1 bp −$7,313 | 119.8 bp −$59.9K |
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 | −0.1583% | 1h | 0.1236 | −1.031% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1247 | −0.150% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0552% | 1h | 0.1246 | −0.230% | $40K | $139K | 25x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1244 | −0.426% | $38K | $532 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1247 | −0.150% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0013% | 8h | 0.1247 | −0.150% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | +0.0023% | 8h | 0.1243 | −0.499% | $220K | $45K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.0075% | 1h | 0.1248 | −0.102% | $750K | $628K | 20x | as long as short |
| Bybit OPUSDT | +0.0088% | 8h | 0.1241 | −0.631% | $18.2M | $25.6M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1244 | −0.431% | $277K | $1.0M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
dYdX OP-USD
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Kraken Futures PF_OPUSD
Bybit OPUSDT
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1245 | −0.342% | $3.3M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1243 | −0.447% | $203K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1242 | −0.527% | $19.5M | $63.9M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1241 | −0.623% | $6.1M | $28.6M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1242 | −0.519% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDTshort | +0.0100% | 8h | 0.1242 | −0.519% | $22.6M | $7.7M | 300x | |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1242 | −0.551% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1241 | −0.631% | $5.7M | $6.6M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1241 | −0.615% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1246 | −0.246% | $105K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1245 | −0.289% | $377K | $766K | 10x | as long as short |
| GRVT OP_USDT_Perplong | +0.0100% | 8h | 0.1249 | long leg | $306K | $5.3M | 10x | |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1247 | −0.150% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1246 | −0.198% | $192 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1246 | −0.190% | $171K | $236K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1240 | −0.688% | $99K | $502K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1246 | −0.210% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1247 | −0.150% | $26K | $59K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1246 | −0.246% | $992K | $275K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1246 | −0.207% | $693 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP