OP

Alert

Funding spread now, next payment 13:00 UTC+0.0217%/8h

paid, last 24h+0.021%paid, last 7 days−0.041%to open and close $10k−$31

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OP_USDT	0.1292	−0.0117	get 0.0117% / 8h	3h 32m	$20.6M	$8.2M	300x
Short	Hyperliquid OP	0.1291	0.0100	get 0.0013% / 1h	32m 43s	$4.2M	$2.2M	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee HyperliquidbpOrdersRate

Funding earned: $45.57
Slippage, 4 orders: −$21.55
Fee MEXC: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $15.02
Break-even: 4.7 days

Slippage from MEXC: live order book, 2 min ago; Hyperliquid: live order book, 10 min ago.

Price risk

price view

Price gap now: −0.023%
Avg gap 7d: −0.015%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 2 min ago	0.78 bp	3.3 bp −$3	12.9 bp −$129	62.7 bp −$6,268	122.0 bp −$61.0K
Sell Hyperliquid live order book, 10 min ago	1.55 bp	9.9 bp −$10	26.9 bp −$269	doesn't fit	doesn't fit

OP on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX OP/USD [OP-USDC]	L −0.1208% / S +0.0249%	1h	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0525%	1h	$45K	$186K	25x	as long as short
Coinbase International OP-PERP-INTX	−0.0408%	1h	$27K	$91K	50x	as long as short
Extended OP-USD	−0.0120%	1h	$103K	$206K	25x	as long as short
Binance OPUSDT	−0.0119%	8h	$20.8M	$58.8M	75x	as long as short
MEXC OP_USDTlong	−0.0117%	8h	$20.6M	$8.2M	300x
Orderly PERP_OP_USDC	−0.0062%	8h	$7K	$50K	10x	as long as short
Variational Omni OP	−0.0030%	8h	$234K	$35K	—	as long as short
SoDEX OP-USD	−0.0020%	1h	$166	$5K	5x	as long as short
dYdX OP-USD	0.0000%	1h	$40K	$10	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin OP-USDT	+0.0003%	8h	$1.0M	$547K	75x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	—	—	150x	as long as short
OKX OP-USDT-SWAP	+0.0011%	8h	$6.3M	$30.2M	50x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$185K	12x	as long as short
Bybit OPUSDT	+0.0053%	8h	$17.9M	$25.6M	75x	as long as short
Aevo OP-PERP	+0.0056%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$294K	$324K	15x	as long as short
Hyperliquid OPshort	+0.0100%	1h	$4.2M	$2.2M	5x
Aster OPUSDT	+0.0100%	8h	$200K	$412K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.7M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$6.1M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.0M	$5.5M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$6.0M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$144K	$147K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$4K	$403K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$704K	50x	as long as short
HTX OP-USDT	+0.0100%	8h	$189K	$211K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0111%	1h	$794K	$583K	20x	as long as short
Reya OPRUSDPERP	+0.0428%	1h	$717	—	20x	as long as short