Funding arb · Price arb /

OP

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Swap Backtest

Alert: funding

Alert: spread

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: HTX against MEXC+0.244%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.244%, 7d avg +0.018%

Together, before fees+0.053%+$5 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: HTX is 0.226% dearer against MEXC than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OP_USDT	0.1270	0.0100	pay 0.0100% / 8h	3h 29m	$21.3M	$7.3M	300x
Short	HTX OP-USDT	0.1273	0.0100	get 0.0100% / 8h	3h 29m	$172K	$232K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee HTXbpOrdersPrice spread, now +0.244%Rate

Funding earned: $0
Price spread: +0.244% → +0.018%: $22.6
Slippage, 4 orders: −$29.91
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.31
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; HTX: live order book, 22 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, 4 min ago	0.39 bp	3.5 bp −$4	11.2 bp −$112	63.7 bp −$6,367	114.3 bp −$57.2K
Sell HTX live order book, 22 min ago	7.42 bp	20.6 bp −$21	doesn't fit	doesn't fit	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	−0.551%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1272	+0.172%	$13K	—	100x	as long as short
dYdX OP-USD	0.0000%	1h	0.1271	+0.067%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1272	+0.157%	$42K	$138K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1273	+0.197%	—	—	150x	as long as short
Coinbase International OP-PERP-INTX	+0.0032%	1h	0.1270	0.000%	$25K	$58K	50x	as long as short
Variational Omni OP	+0.0047%	8h	0.1274	+0.333%	$225K	$48K	—	as long as short
Orderly PERP_OP_USDC	+0.0054%	8h	0.1272	+0.157%	$6K	$46K	10x	as long as short
Kraken Futures PF_OPUSD	+0.0056%	1h	0.1273	+0.221%	$781K	$555K	20x	as long as short
OKX OP-USDT-SWAP	+0.0088%	8h	0.1269	−0.047%	$6.2M	$28.6M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OP	+0.0096%	1h	0.1271	+0.063%	$276K	$945K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1272	+0.118%	$3.7M	$2.8M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1271	+0.097%	$212K	$216K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1270	−0.029%	$20.6M	$61.0M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1269	−0.079%	$18.7M	$24.9M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1271	+0.102%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDTlong	+0.0100%	8h	0.1270	long leg	$21.3M	$7.3M	300x
KuCoin OPUSDTM	+0.0100%	8h	0.1270	0.000%	$2.9M	$6.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1269	−0.079%	$5.8M	$6.5M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1271	+0.047%	—	$6.3M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1271	+0.063%	$118K	$207K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1272	+0.151%	$4K	$387K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1273	+0.259%	$318K	$5.0M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1272	+0.157%	$44K	$708K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1272	+0.134%	$189	$6K	5x	as long as short
HTX OP-USDTshort	+0.0100%	8h	0.1273	+0.244%	$172K	$232K	50x
Extended OP-USD	+0.0104%	1h	0.1269	−0.070%	$102K	$391K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1272	+0.131%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1275	+0.417%	$1.0M	$282K	75x	as long as short
Reya OPRUSDPERP	+0.0442%	1h	0.1269	−0.051%	$706	—	20x	as long as short