OP

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.41 per $10,000 · paid last 24h +0.020%

Price spread now: MEXC against Orderly+0.032%7-day average +0.024% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.032%, 7d avg +0.024%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_OP_USDC	0.1246	−0.0059	get 0.0059% / 8h	5h 57m	$12K	$232K	10x
Short	MEXC OP_USDT	0.1246	−0.0018	pay 0.0018% / 8h	5h 57m	$22.1M	$7.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Orderly. 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 OrderlybpFee MEXCbpOrdersPrice spread, now +0.032%Rate

Funding earned: $8.64
Price spread: +0.032% → +0.024%: $0.78
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: $3.42
Costs to cover: 0.060%
Break-even: 4.2 days

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 4 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.40 bp	3.0 bp −$3	11.7 bp −$117	59.9 bp −$5,988	99.6 bp −$49.8K

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0886% / S +0.0200%	1h	0.1247	+0.084%	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0552%	1h	0.1246	0.000%	$30K	$113K	25x	as long as short
Hyperliquid OP	−0.0404%	1h	0.1245	−0.072%	$3.8M	$4.0M	5x	as long as short
Orderly PERP_OP_USDClong	−0.0059%	8h	0.1246	long leg	$12K	$232K	10x
Coinbase International OP-PERP-INTX	−0.0048%	1h	0.1244	−0.161%	$25K	$67K	50x	as long as short
Binance OPUSDT	−0.0023%	8h	0.1246	0.000%	$19.2M	$66.0M	75x	as long as short
MEXC OP_USDTshort	−0.0018%	8h	0.1246	+0.032%	$22.1M	$7.3M	300x
Extended OP-USD	−0.0016%	1h	0.1246	−0.003%	$100K	$581K	25x	as long as short
SoDEX OP-USD	−0.0005%	1h	0.1246	−0.032%	$195	$5K	5x	as long as short
dYdX OP-USD	0.0000%	1h	0.1247	+0.056%	$39K	$522	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1247	+0.048%	—	—	150x	as long as short
Gate OP_USDT	+0.0013%	8h	0.1247	+0.080%	$2.0M	$1.3M	50x	as long as short
GRVT OP_USDT_Perp	+0.0030%	8h	0.1246	−0.026%	$307K	$5.4M	10x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	0.1257	+0.883%	$35K	$67K	12x	as long as short
Variational Omni OP	+0.0065%	8h	0.1244	−0.148%	$220K	$46K	—	as long as short
Aevo OP-PERP	+0.0080%	1h	0.1247	+0.051%	$3K	$1K	3x	as long as short
Lighter OP	+0.0096%	1h	0.1246	+0.032%	$264K	$1.1M	15x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1247	+0.080%	$207K	$211K	10x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1246	+0.016%	$18.1M	$24.6M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1247	+0.048%	$6.0M	$27.8M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1246	0.000%	$2.9M	$5.6M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1246	0.000%	$5.8M	$6.7M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1247	+0.048%	—	$6.5M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1246	−0.032%	$109K	$219K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1244	−0.164%	$4K	$1.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1247	+0.080%	$43K	$689K	50x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1249	+0.225%	$169K	$252K	50x	as long as short
BloFin OP-USDT	+0.0101%	8h	0.1247	+0.088%	$983K	$282K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0155%	1h	0.1248	+0.149%	$742K	$747K	20x	as long as short
Reya OPRUSDPERP	+0.0446%	1h	0.1245	−0.054%	$692	—	20x	as long as short