Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.036%
Price spread now: Deribit against MEXC0.000%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$360.365% of the position
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 3 days (all we have)+0.119%+$12 · spread now 0.000%, 7d avg +0.002%
=The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OP_USDT | 0.1256 | 0.0100 | pay 0.0100% / 8h | 1h 48m | $19.9M | $7.0M | 300x |
| Short | Deribit OP_USDC-PERPETUAL | 0.1256 | 0 | get 0.0000% / 1h | 48m 47s | $41K | $171K | 25x |
MEXC OP_USDT
Deribit OP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against MEXC. 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
- −$21
- Price spread: 0.000% → +0.002%
- −$0.16
- Slippage, 4 orders
- −$29.48
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$57.64
- Costs to cover
- 0.365%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Deribit: live order book, 35 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 MEXC live order book, 5 min ago | 0.40 bp | 1.7 bp −$2 | 11.7 bp −$117 | 62.8 bp −$6,281 | 100.1 bp −$50.1K |
| Sell Deribit live order book, 35 min ago | 7.89 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.1710% | 1h | 0.1250 | −0.478% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1256 | −0.035% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1243 | −1.035% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1256 | +0.016% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALshort | 0.0000% | 1h | 0.1256 | 0.000% | $41K | $171K | 25x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1256 | +0.011% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0043% | 8h | 0.1255 | −0.092% | $231K | $46K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0051% | 8h | 0.1256 | 0.000% | $6K | $49K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0094% | 8h | 0.1255 | −0.072% | $5.8M | $29.6M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1257 | +0.072% | $274K | $904K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1258 | +0.135% | $4.1M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1256 | +0.016% | $210K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1256 | +0.004% | $20.4M | $62.4M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1255 | −0.111% | $18.3M | $25.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1255 | −0.072% | $1.8M | $1.5M | 50x | as long as short |
| MEXC OP_USDTlong | +0.0100% | 8h | 0.1256 | long leg | $19.9M | $7.0M | 300x | |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1255 | −0.080% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1256 | 0.000% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1255 | −0.048% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1255 | −0.040% | $124K | $190K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1256 | −0.028% | $9K | $381K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1255 | −0.080% | $304K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1258 | +0.159% | $45K | $719K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1255 | −0.040% | $175 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1258 | +0.167% | $174K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1256 | −0.031% | $101K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1255 | −0.042% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1255 | −0.056% | $1.0M | $280K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0229% | 1h | 0.1257 | +0.066% | $780K | $735K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1255 | −0.073% | $698 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
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