Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%
Price spread now: MEXC against Bybit+0.047%7-day average +0.055% · 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−$34as in the Price arb table
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now +0.047%, 7d avg +0.055%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPUSDT | 0.1273 | 0.0100 | pay 0.0100% / 8h | 2h 48m | $18.8M | $25.1M | 75x |
| Short | MEXC OP_USDT | 0.1274 | 0.0100 | get 0.0100% / 8h | 2h 48m | $21.8M | $7.2M | 300x |
Bybit OPUSDT
MEXC OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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
- $0
- Price spread: +0.047% → +0.055%
- −$0.83
- Slippage, 4 orders
- −$22.25
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$34.08
- Costs to cover
- 0.332%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 5 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 Bybit live order book, 5 min ago | 0.39 bp | 14.4 bp −$14 | 29.3 bp −$293 | 109.4 bp −$10.9K | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.39 bp | 4.5 bp −$5 | 22.6 bp −$226 | 63.4 bp −$6,342 | 116.7 bp −$58.3K |
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 | −0.1583% | 1h | 0.1270 | −0.244% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1275 | +0.162% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1277 | +0.321% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1274 | +0.071% | $42K | $138K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1275 | +0.154% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0033% | 8h | 0.1274 | +0.057% | $225K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0053% | 8h | 0.1273 | −0.008% | $12K | $47K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0073% | 1h | 0.1273 | −0.046% | $774K | $553K | 20x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1275 | +0.149% | $296K | $969K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1275 | +0.181% | $3.7M | $2.7M | 5x | 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
Variational Omni OP
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
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 | 0.1274 | +0.101% | $213K | $214K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1274 | +0.086% | $20.5M | $61.3M | 75x | as long as short |
| Bybit OPUSDTlong | +0.0100% | 8h | 0.1273 | long leg | $18.8M | $25.1M | 75x | |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1274 | +0.102% | $6.2M | $28.8M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1275 | +0.110% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDTshort | +0.0100% | 8h | 0.1274 | +0.047% | $21.8M | $7.2M | 300x | |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1273 | −0.008% | $2.9M | $6.3M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1274 | +0.071% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1274 | +0.055% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1273 | −0.039% | $111K | $209K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1274 | +0.070% | $144K | $538K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1275 | +0.146% | $312K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1275 | +0.149% | $44K | $706K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1272 | −0.110% | $209 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1276 | +0.212% | $173K | $231K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1273 | −0.006% | $102K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1272 | −0.064% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1275 | +0.149% | $25K | $57K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1272 | −0.094% | $1.0M | $280K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1275 | +0.187% | $709 | — | 20x | as long as short |
Aster OPUSDT
Binance 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
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP