Funding you earn now, next payment 16:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.49 per $10,000 · paid last 24h −0.013%
Price spread now: MEXC against KuCoin+0.016%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$810.814% of the position
Funding, last 7 days−0.065%−$7 on $10k
+Price spread, last 7 days+0.082%+$8 · spread now +0.016%, 7d avg +0.045%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.029% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1247 | 0.0074 | pay 0.0074% / 8h | 6h 19m | $2.9M | $5.8M | 75x |
| Short | MEXC OP_USDT | 0.1247 | 0.0025 | get 0.0025% / 8h | 6h 19m | $22.1M | $7.6M | 300x |
KuCoin OPUSDTM
MEXC OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. 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
- −$10.29
- Price spread: +0.016% → +0.045%
- −$2.92
- Slippage, 4 orders
- −$69.44
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$94.66
- Costs to cover
- 0.814%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; MEXC: live order book, 3 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 KuCoin live order book, 2 min ago | 4.01 bp | 39.8 bp −$40 | 90.0 bp −$900 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.60 bp | 3.7 bp −$4 | 11.5 bp −$115 | 64.8 bp −$6,481 | 114.0 bp −$57.0K |
OP on 30 exchanges
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 | −0.1934% | 1h | 0.1257 | +0.802% | $35K | $67K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0886% / S +0.0200% | 1h | 0.1248 | +0.101% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0551% | 1h | 0.1247 | 0.000% | $31K | $128K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0058% | 8h | 0.1248 | +0.080% | $12K | $233K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1249 | +0.147% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1248 | +0.080% | — | — | 150x | as long as short |
| Binance OPUSDT | +0.0021% | 8h | 0.1247 | +0.016% | $19.2M | $68.1M | 75x | as long as short |
| Extended OP-USD | +0.0024% | 1h | 0.1247 | 0.000% | $102K | $579K | 25x | as long as short |
| MEXC OP_USDTshort | +0.0025% | 8h | 0.1247 | +0.016% | $22.1M | $7.6M | 300x | |
| GRVT OP_USDT_Perp | +0.0028% | 8h | 0.1251 | +0.292% | $305K | $5.5M | 10x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
dYdX OP-USD
gTrade (Gains Network) OP/USD
Binance OPUSDT
Extended OP-USD
GRVT OP_USDT_PerpShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OP_USDT | +0.0064% | 8h | 0.1248 | +0.056% | $2.0M | $1.4M | 50x | as long as short |
| Variational Omni OP | +0.0072% | 8h | 0.1250 | +0.216% | $221K | $46K | — | as long as short |
| KuCoin OPUSDTMlong | +0.0074% | 8h | 0.1247 | long leg | $2.9M | $5.8M | 75x | |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1248 | +0.080% | $26K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0085% | 8h | 0.1248 | +0.080% | $979K | $278K | 75x | as long as short |
| Aevo OP-PERP | +0.0088% | 1h | 0.1247 | 0.000% | $3K | $1K | 3x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1248 | +0.104% | $265K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1247 | +0.024% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1248 | +0.080% | $207K | $224K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1247 | 0.000% | $18.1M | $25.8M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1248 | +0.048% | $6.0M | $28.6M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1247 | 0.000% | $5.8M | $6.8M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1248 | +0.072% | — | $6.5M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1247 | +0.016% | $109K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1250 | +0.280% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1251 | +0.321% | $43K | $690K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1247 | +0.008% | $196 | $5K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1250 | +0.233% | $169K | $257K | 50x | as long as short |
| Reya OPRUSDPERP | +0.0446% | 1h | 0.1249 | +0.132% | $694 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0513% | 1h | 0.1249 | +0.141% | $742K | $803K | 20x | as long as short |
Gate OP_USDT
Variational Omni OP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Aevo OP-PERP
Lighter OP
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD