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: MEXC against BloFin−0.103%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 3 days (all we have)−0.052%−$5 · spread now −0.103%, 7d avg −0.010%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.093% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OP-USDT | 0.1264 | 0.0220 | pay 0.0220% / 8h | 7h 00m | $1.0M | $273K | 75x |
| Short | MEXC OP_USDT | 0.1263 | 0.0100 | get 0.0100% / 8h | 7h 00m | $20.3M | $7.5M | 300x |
BloFin OP-USDT
MEXC OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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: −0.103% → −0.010%
- −$9.32
- Slippage, 4 orders
- −$22.94
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$69.46
- Costs to cover
- 0.349%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 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 BloFin live order book, 1 min ago | 1.18 bp | 11.5 bp −$11 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.18 bp | 2.8 bp −$3 | 13.3 bp −$133 | 60.7 bp −$6,073 | 95.8 bp −$47.9K |
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 | −0.1656% | 1h | 0.1260 | −0.340% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1266 | +0.097% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0352% | 1h | 0.1279 | +1.163% | $25K | $77K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1267 | +0.197% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1265 | +0.055% | $42K | $163K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1266 | +0.134% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0054% | 8h | 0.1265 | +0.026% | $231K | $46K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0059% | 8h | 0.1266 | +0.134% | $6K | $47K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1266 | +0.111% | $282K | $955K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1267 | +0.190% | $4.0M | $2.9M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1266 | +0.159% | $212K | $236K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1264 | +0.008% | $20.4M | $62.0M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1263 | −0.087% | $18.4M | $26.0M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1263 | −0.119% | $6.1M | $29.9M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1265 | +0.016% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDTshort | +0.0100% | 8h | 0.1263 | −0.103% | $20.3M | $7.5M | 300x | |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1264 | −0.024% | $2.9M | $7.0M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1264 | −0.024% | $6.0M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1264 | −0.032% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1264 | +0.008% | $122K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1267 | +0.242% | $4K | $390K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1271 | +0.496% | $314K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1267 | +0.214% | $43K | $726K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1265 | +0.040% | $167 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1268 | +0.332% | $175K | $235K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1264 | −0.058% | $106K | $389K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1265 | +0.055% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDTlong | +0.0220% | 8h | 0.1264 | long leg | $1.0M | $273K | 75x | |
| Kraken Futures PF_OPUSD | +0.0383% | 1h | 0.1266 | +0.159% | $800K | $753K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1266 | +0.133% | $704 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
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
Kraken Futures PF_OPUSD
Reya OPRUSDPERP