Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.029%
Price spread now: BloFin against MEXC+0.181%49s7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as 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−$270.269% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now +0.181%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.174% dearer against MEXC than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.007%. The two prices were read 49 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 | MEXC OP_USDT | 0.1273 | 0.0100 | pay 0.0100% / 8h | 3h 30m | $21.4M | $7.3M | 300x |
| Short | BloFin OP-USDT | 0.1275 | 0.0220 | get 0.0220% / 8h | 3h 30m | $1.0M | $282K | 75x |
MEXC OP_USDT
BloFin OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $25.2
- Price spread: +0.181% → +0.007%
- $17.39
- Slippage, 4 orders
- −$14.86
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $15.72
- Costs to cover
- 0.269%
- Break-even
- 2.6 days
Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 2 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 MEXC live order book, 3 min ago | 0.39 bp | 3.5 bp −$4 | 11.2 bp −$112 | 63.7 bp −$6,367 | 114.3 bp −$57.2K |
| Sell BloFin live order book, 2 min ago | 1.58 bp | 10.7 bp −$11 | 18.3 bp −$183 | 52.9 bp −$5,295 | doesn't fit |
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 | 0.1263 | −0.786% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1275 | +0.184% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1272 | −0.071% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1275 | +0.157% | $42K | $138K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1273 | −0.039% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1270 | −0.236% | $25K | $58K | 50x | as long as short |
| Variational Omni OP | +0.0047% | 8h | 0.1274 | +0.096% | $225K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1272 | −0.079% | $6K | $46K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0056% | 1h | 0.1276 | +0.215% | $782K | $555K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0088% | 8h | 0.1272 | −0.110% | $6.3M | $28.6M | 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 | 0.1272 | −0.063% | $276K | $945K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1274 | +0.102% | $3.7M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1273 | +0.006% | $213K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1272 | −0.039% | $20.6M | $61.0M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1272 | −0.110% | $18.7M | $24.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1275 | +0.118% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDTlong | +0.0100% | 8h | 0.1273 | long leg | $21.4M | $7.3M | 300x | |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1272 | −0.079% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1272 | −0.079% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1272 | −0.063% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1274 | +0.071% | $118K | $207K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1269 | −0.303% | $4K | $387K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1270 | −0.273% | $318K | $5.0M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1270 | −0.236% | $44K | $709K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1275 | +0.165% | $187 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1276 | +0.204% | $173K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1272 | −0.067% | $102K | $391K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1275 | +0.157% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDTshort | +0.0220% | 8h | 0.1275 | +0.181% | $1.0M | $282K | 75x | |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1273 | −0.035% | $708 | — | 20x | as long as short |
Lighter OP
Hyperliquid OP
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
Reya OPRUSDPERP