Funding you earn now, next payment 01:00 UTC+0.1165%/8h= +127.6% APRpaid last 24h +0.323%
Price spread now: MEXC against GMX−0.009%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$35 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX OP/USD [OP-USDC] | 0.1268 | L −0.1065% / S +0.0229% | get 0.0133% / 1h | 49m 17s | $13K | — | 100x |
| Short | MEXC OP_USDT | 0.1268 | 0.0100 | get 0.0100% / 8h | 7h 49m | $20.2M | $7.3M | 300x |
GMX OP/USD [OP-USDC]
MEXC OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against GMX. 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
- $244.68
- Price spread: −0.009% → 0.000%
- −$0.95
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $231.73
- Costs to cover
- 0.120%
- Break-even
- 0.4 days
Slippage unknown: GMX: no order-book sample; MEXC: live order book, 9 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 GMX no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 9 min ago | 0.39 bp | 4.2 bp −$4 | 8.1 bp −$81 | 60.2 bp −$6,022 | 95.0 bp −$47.5K |
GMX: 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 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 | 0.1261 | −0.569% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC]long | L −0.1065% / S +0.0229% | 1h | 0.1268 | long leg | $13K | — | 100x | |
| Coinbase International OP-PERP-INTX | −0.0352% | 1h | 0.1262 | −0.490% | $21K | $64K | 50x | as long as short |
| Bybit OPUSDT | −0.0154% | 8h | 0.1267 | −0.104% | $18.4M | $26.2M | 75x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1268 | −0.033% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1269 | +0.062% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1269 | +0.034% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0058% | 8h | 0.1266 | −0.155% | $231K | $47K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0059% | 8h | 0.1268 | −0.017% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1270 | +0.125% | $285K | $945K | 15x | as long as short |
Injective OP/USDC PERP
Coinbase International OP-PERP-INTX
Bybit OPUSDT
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1269 | +0.077% | $4.1M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1269 | +0.050% | $212K | $236K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1269 | +0.061% | $20.5M | $62.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1268 | −0.041% | $6.0M | $30.0M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1268 | −0.049% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDTshort | +0.0100% | 8h | 0.1268 | −0.009% | $20.2M | $7.3M | 300x | |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1268 | −0.017% | $2.9M | $7.3M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1269 | +0.062% | $6.0M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1268 | −0.057% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1265 | −0.214% | $122K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1269 | +0.075% | $10K | $383K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1269 | +0.062% | $310K | $4.9M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1267 | −0.096% | $43K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1269 | +0.085% | $186 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1269 | +0.085% | $175K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1269 | +0.057% | $102K | $226K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1269 | +0.062% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1269 | +0.069% | $1.0M | $282K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0382% | 1h | 0.1270 | +0.174% | $801K | $754K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0438% | 1h | 0.1268 | −0.047% | $705 | — | 20x | as long as short |
Hyperliquid OP
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
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP