Funding you earn now, next payment 04:00 UTC+0.1707%/8h= +186.9% APRpaid last 24h +0.211%
Price spread now: MEXC against Injective+0.515%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.294%+$129 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$51 a day on $10k at the current rate, and MEXC is 0.515% dearer against Injective than usual: you sell high and buy low: +$51 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective OP/USDC PERP | 0.1263 | −0.1607 | get 0.0201% / 1h | 16m 24s | $35K | $58K | 12x |
| Short | MEXC OP_USDT | 0.1270 | 0.0100 | get 0.0100% / 8h | 4h 16m | $21.4M | $7.2M | 300x |
Injective OP/USDC PERP
MEXC OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Injective. 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
- $358.51
- Price spread: +0.515% → 0.000%
- $51.46
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $409.95
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 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 Injective no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 2 min ago | 0.40 bp | 3.0 bp −$3 | 6.1 bp −$61 | 44.5 bp −$4,445 | 106.6 bp −$53.3K |
Injective: 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 PERPlong | −0.1607% | 1h | 0.1263 | long leg | $35K | $58K | 12x | |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1271 | +0.645% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1271 | +0.614% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1271 | +0.633% | $42K | $140K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1270 | +0.528% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1270 | +0.554% | $6K | $45K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0055% | 8h | 0.1269 | +0.499% | $6.2M | $28.6M | 50x | as long as short |
| Variational Omni OP | +0.0059% | 8h | 0.1269 | +0.437% | $224K | $48K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1271 | +0.618% | $279K | $941K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1271 | +0.625% | $3.7M | $2.8M | 5x | as long as short |
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
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 | 0.1271 | +0.606% | $212K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1269 | +0.499% | $20.5M | $60.2M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1269 | +0.467% | $18.6M | $24.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1270 | +0.554% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDTshort | +0.0100% | 8h | 0.1270 | +0.515% | $21.4M | $7.2M | 300x | |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1269 | +0.475% | $2.9M | $6.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1269 | +0.475% | $5.9M | $6.4M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1269 | +0.475% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1270 | +0.594% | $123K | $201K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1267 | +0.356% | $4K | $387K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1268 | +0.396% | $317K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1268 | +0.396% | $43K | $712K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1270 | +0.586% | $205 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1270 | +0.546% | $174K | $226K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1268 | +0.426% | $104K | $394K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1271 | +0.598% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1262 | −0.079% | $24K | $63K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1270 | +0.586% | $1.0M | $280K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0347% | 1h | 0.1271 | +0.618% | $790K | $544K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1269 | +0.488% | $706 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
KuCoin OPUSDTM
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
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP