OP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.002%

Price spread now: MEXC against OKX+0.095%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.083%−$8 · spread now +0.095%, 7d avg +0.031%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.064% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OP-USDT-SWAP	0.1263	0.0080	pay 0.0080% / 8h	6h 18m	$6.1M	$29.7M	50x
Short	MEXC OP_USDT	0.1264	0.0100	get 0.0100% / 8h	6h 18m	$20.7M	$7.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee MEXCbpOrdersPrice spread, now +0.095%Rate

Funding earned: $4.1
Price spread: +0.095% → +0.031%: $6.38
Slippage, 4 orders: −$25.48
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$24.99
Costs to cover: 0.355%
Break-even: 49.6 days

Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 5 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 OKX live order book, 5 min ago	0.40 bp	17.5 bp −$18	29.9 bp −$299	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.40 bp	2.9 bp −$3	10.4 bp −$104	64.5 bp −$6,453	118.1 bp −$59.1K

OP on 29 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	−0.1535%	1h	0.1256	−0.554%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1262	−0.070%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0184%	1h	0.1279	+1.267%	$25K	$75K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1265	+0.140%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1263	0.000%	$42K	$151K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1263	−0.026%	—	—	150x	as long as short
Variational Omni OP	+0.0056%	8h	0.1263	−0.018%	$225K	$49K	—	as long as short
Orderly PERP_OP_USDC	+0.0056%	8h	0.1262	−0.079%	$6K	$47K	10x	as long as short
OKX OP-USDT-SWAPlong	+0.0080%	8h	0.1263	long leg	$6.1M	$29.7M	50x
Lighter OP	+0.0096%	1h	0.1265	+0.158%	$281K	$949K	15x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1265	+0.127%	$3.7M	$3.0M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1264	+0.089%	$211K	$229K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1264	+0.108%	$20.3M	$62.0M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1264	+0.063%	$18.4M	$26.0M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1264	+0.063%	$1.9M	$1.6M	50x	as long as short
MEXC OP_USDTshort	+0.0100%	8h	0.1264	+0.095%	$20.7M	$7.5M	300x
KuCoin OPUSDTM	+0.0100%	8h	0.1263	0.000%	$2.9M	$6.9M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1264	+0.079%	$5.9M	$6.6M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1264	+0.055%	—	$6.9M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1263	−0.032%	$124K	$203K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1264	+0.102%	$4K	$389K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1264	+0.074%	$311K	$5.2M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1264	+0.079%	$43K	$704K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1262	−0.048%	$180	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1262	−0.103%	$174K	$225K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1263	+0.029%	$104K	$393K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1263	−0.040%	$3K	$1K	3x	as long as short
Reya OPRUSDPERP	+0.0439%	1h	0.1262	−0.072%	$702	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0462%	1h	0.1263	+0.013%	$798K	$590K	20x	as long as short