Funding you earn now, next payment 16:00 UTC+0.0160%/8h= +17.5% APRnext payment +$1.60 per $10,000 · paid last 24h +0.013%
Price spread now: KuCoin against MEXC−0.089%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$610.611% of the position
Funding, last 7 days+0.065%+$7 on $10k
+Price spread, last 7 days+0.004%$0 · spread now −0.089%, 7d avg −0.045%
=Funding pays, the price is against you. KuCoin is 0.044% cheaper against MEXC than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.045%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.065% in total) that is about 4.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OP_USDT | 0.1242 | −0.0168 | get 0.0168% / 8h | 4h 09m | $21.8M | $7.2M | 300x |
| Short | KuCoin OPUSDTM | 0.1241 | −0.0008 | pay 0.0008% / 8h | 4h 09m | $2.9M | $5.1M | 75x |
MEXC OP_USDT
KuCoin OPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $33.6
- Price spread: −0.089% → −0.045%
- −$4.37
- Slippage, 4 orders
- −$49.07
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$31.84
- Costs to cover
- 0.611%
- Break-even
- 13.6 days
Slippage from MEXC: live order book, 2 min ago; KuCoin: 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 MEXC live order book, 2 min ago | 0.81 bp | 3.7 bp −$4 | 11.9 bp −$119 | 58.3 bp −$5,829 | 113.5 bp −$56.8K |
| Sell KuCoin live order book, 1 min ago | 4.04 bp | 22.7 bp −$23 | 68.7 bp −$687 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX OP/USD [OP-USDC] | L −0.1360% / S +0.0278% | 1h | 0.1243 | +0.088% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0555% | 1h | 0.1242 | −0.008% | $30K | $112K | 25x | as long as short |
| Hyperliquid OP | −0.0441% | 1h | 0.1242 | −0.024% | $3.8M | $4.1M | 5x | as long as short |
| Binance OPUSDT | −0.0170% | 8h | 0.1242 | +0.016% | $19.2M | $65.4M | 75x | as long as short |
| Extended OP-USD | −0.0168% | 1h | 0.1242 | −0.008% | $102K | $669K | 25x | as long as short |
| MEXC OP_USDTlong | −0.0168% | 8h | 0.1242 | long leg | $21.8M | $7.2M | 300x | |
| Orderly PERP_OP_USDC | −0.0098% | 8h | 0.1242 | −0.008% | $12K | $229K | 10x | as long as short |
| Gate OP_USDT | −0.0070% | 8h | 0.1242 | +0.024% | $1.9M | $1.3M | 50x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0056% | 1h | 0.1240 | −0.169% | $24K | $71K | 50x | as long as short |
| Kraken Futures PF_OPUSD | −0.0053% | 1h | 0.1243 | +0.106% | $736K | $721K | 20x | as long as short |
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Hyperliquid OP
Binance OPUSDT
Extended OP-USD
Orderly PERP_OP_USDC
Gate OP_USDT
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSDShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OP-USDT | −0.0044% | 8h | 0.1237 | −0.370% | $979K | $260K | 75x | as long as short |
| GRVT OP_USDT_Perp | −0.0019% | 8h | 0.1238 | −0.315% | $301K | $5.8M | 10x | as long as short |
| KuCoin OPUSDTMshort | −0.0008% | 8h | 0.1241 | −0.089% | $2.9M | $5.1M | 75x | |
| dYdX OP-USD | 0.0000% | 1h | 0.1243 | +0.045% | $38K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1243 | +0.072% | — | — | 150x | as long as short |
| Injective OP/USDC PERP | +0.0033% | 1h | 0.1236 | −0.491% | $34K | $67K | 12x | as long as short |
| Aevo OP-PERP | +0.0040% | 1h | 0.1243 | +0.068% | $3K | $1K | 3x | as long as short |
| Variational Omni OP | +0.0045% | 8h | 0.1237 | −0.426% | $220K | $44K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1243 | +0.048% | $248K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1242 | −0.040% | $205K | $202K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1242 | −0.024% | $18.1M | $24.2M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1243 | +0.040% | $6.0M | $26.9M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1242 | −0.008% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1242 | −0.016% | — | $6.4M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1240 | −0.145% | $111K | $221K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1240 | −0.189% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1239 | −0.250% | $43K | $684K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1240 | −0.169% | $191 | $5K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1240 | −0.161% | $168K | $264K | 50x | as long as short |
| Reya OPRUSDPERP | +0.0448% | 1h | 0.1242 | −0.014% | $691 | — | 20x | as long as short |
BloFin OP-USDT
GRVT OP_USDT_Perp
dYdX OP-USD
gTrade (Gains Network) OP/USD
Injective OP/USDC PERP
Aevo OP-PERP
Variational Omni OP
Lighter 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