Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%
Price spread now: MEXC against Gate−0.064%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$490.489% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 7 days+0.148%+$15 · spread now −0.064%, 7d avg +0.021%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.086% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OP_USDT | 0.1240 | 0.0100 | pay 0.0100% / 8h | 7h 31m | $2.0M | $1.5M | 50x |
| Short | MEXC OP_USDT | 0.1240 | 0.0100 | get 0.0100% / 8h | 7h 31m | $22.1M | $7.8M | 300x |
Gate OP_USDT
MEXC OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Gate. 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: −0.064% → +0.021%
- −$8.57
- Slippage, 4 orders
- −$33.94
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$57.5
- Costs to cover
- 0.489%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; MEXC: live order book, 2 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 Gate live order book, 1 min ago | 3.63 bp | 25.3 bp −$25 | 67.6 bp −$676 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.40 bp | 2.7 bp −$3 | 12.9 bp −$129 | 69.0 bp −$6,903 | 101.9 bp −$50.9K |
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 | −0.1328% | 1h | 0.1235 | −0.443% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1240 | −0.023% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0556% | 1h | 0.1239 | −0.121% | $31K | $165K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0048% | 8h | 0.1240 | −0.040% | $12K | $235K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1241 | +0.024% | $38K | $522 | 10x | as long as short |
| KuCoin OPUSDTM | +0.0001% | 8h | 0.1239 | −0.121% | $2.9M | $6.1M | 75x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1241 | +0.007% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0062% | 8h | 0.1241 | +0.052% | $220K | $47K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1241 | +0.032% | $286K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1241 | +0.016% | $3.5M | $3.7M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
dYdX OP-USD
KuCoin OPUSDTM
gTrade (Gains Network) OP/USD
Variational Omni OP
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 | 0.1240 | −0.040% | $200K | $214K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1240 | −0.059% | $19.2M | $68.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1239 | −0.105% | $18.1M | $26.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1240 | 0.000% | $5.9M | $29.4M | 50x | as long as short |
| Gate OP_USDTlong | +0.0100% | 8h | 0.1240 | long leg | $2.0M | $1.5M | 50x | |
| MEXC OP_USDTshort | +0.0100% | 8h | 0.1240 | −0.064% | $22.1M | $7.8M | 300x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1240 | −0.040% | $5.7M | $6.9M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1241 | +0.040% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1240 | −0.056% | $111K | $224K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1240 | −0.071% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1243 | +0.227% | $310K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1240 | −0.040% | $43K | $694K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1239 | −0.089% | $190 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1240 | −0.008% | $165K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1239 | −0.125% | $99K | $612K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1239 | −0.161% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1244 | +0.282% | $25K | $69K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0156% | 1h | 0.1241 | +0.071% | $739K | $723K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1239 | −0.105% | $999K | $322K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1240 | −0.073% | $689 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Bitget OPUSDT
BingX OP-USDC
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
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP