Funding you earn now, next payment 08:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h −0.025%
Price spread now: MEXC against KuCoin+0.112%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$590.586% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now +0.112%, 7d avg +0.047%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.065% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.047%. Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1246 | 0.0061 | pay 0.0061% / 8h | 2m 22s | $2.8M | $6.0M | 75x |
| Short | MEXC OP_USDT | 0.1247 | 0.0100 | get 0.0100% / 8h | 2m 22s | $22.3M | $7.9M | 300x |
KuCoin OPUSDTM
MEXC OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. 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
- $8.19
- Price spread: +0.112% → +0.047%
- $6.55
- Slippage, 4 orders
- −$46.59
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$43.85
- Costs to cover
- 0.586%
- Break-even
- 44.5 days
Slippage from KuCoin: live order book, 6 min ago; MEXC: live order book, 1 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 KuCoin live order book, 6 min ago | 4.02 bp | 31.5 bp −$32 | 93.8 bp −$938 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.40 bp | 3.4 bp −$3 | 10.6 bp −$106 | 49.4 bp −$4,938 | 108.1 bp −$54.1K |
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 | −0.1660% | 1h | 0.1235 | −0.883% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1247 | +0.116% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0054% | 8h | 0.1247 | +0.080% | $12K | $235K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1248 | +0.146% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1248 | +0.161% | $31K | $165K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1247 | +0.100% | — | — | 150x | as long as short |
| KuCoin OPUSDTMlong | +0.0061% | 8h | 0.1246 | long leg | $2.8M | $6.0M | 75x | |
| Variational Omni OP | +0.0062% | 8h | 0.1246 | −0.026% | $220K | $47K | — | as long as short |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1247 | +0.080% | $24K | $66K | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1248 | +0.193% | $289K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Coinbase International OP-PERP-INTX
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1248 | +0.185% | $3.5M | $3.6M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1248 | +0.151% | $205K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1247 | +0.102% | $19.6M | $67.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1247 | +0.056% | $18.2M | $26.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1247 | +0.112% | $6.0M | $29.5M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1248 | +0.161% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDTshort | +0.0100% | 8h | 0.1247 | +0.112% | $22.3M | $7.9M | 300x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1247 | +0.080% | $5.6M | $6.8M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1247 | +0.096% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1248 | +0.177% | $117K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1247 | +0.057% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1247 | +0.075% | $305K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1248 | +0.161% | $43K | $695K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1248 | +0.136% | $203 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1248 | +0.193% | $166K | $260K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1247 | +0.110% | $100K | $610K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1247 | +0.102% | $3K | $1K | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0165% | 1h | 0.1249 | +0.270% | $743K | $678K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1248 | +0.144% | $993K | $324K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1246 | +0.034% | $693 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
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
BloFin OP-USDT
Reya OPRUSDPERP