Funding you earn now, next payment 16:00 UTC+0.0127%/8h= +13.9% APRnext payment +$1.27 per $10,000 · paid last 24h +0.017%
Price spread now: BingX against MEXC+0.016%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 7 days−0.063%−$6 · spread now +0.016%, 7d avg −0.032%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BingX is 0.048% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OP_USDT | 0.1242 | −0.0027 | get 0.0027% / 8h | 5h 55m | $22.0M | $7.3M | 300x |
| Short | BingX OP-USDT | 0.1242 | 0.0100 | get 0.0100% / 8h | 5h 55m | — | $6.5M | — |
MEXC OP_USDT
BingX OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $26.67
- Price spread: +0.016% → −0.032%
- $4.8
- Slippage, 4 orders
- −$13.86
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $7.61
- Costs to cover
- 0.239%
- Break-even
- 5.0 days
Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 9 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, 2 min ago | 0.40 bp | 3.9 bp −$4 | 24.7 bp −$247 | 66.4 bp −$6,641 | 117.9 bp −$59.0K |
| Sell BingX live order book, 9 min ago | 0.40 bp | 9.1 bp −$9 | 15.1 bp −$151 | 84.2 bp −$8,418 | 337.6 bp −$168.8K |
OP on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX OP/USD [OP-USDC] | L −0.0886% / S +0.0200% | 1h | 0.1243 | +0.074% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0555% | 1h | 0.1242 | −0.008% | $30K | $113K | 25x | as long as short |
| Hyperliquid OP | −0.0481% | 1h | 0.1242 | −0.016% | $3.8M | $4.0M | 5x | as long as short |
| SoDEX OP-USD | −0.0060% | 1h | 0.1242 | −0.008% | $199 | $5K | 5x | as long as short |
| Orderly PERP_OP_USDC | −0.0059% | 8h | 0.1242 | −0.008% | $12K | $232K | 10x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0048% | 1h | 0.1244 | +0.153% | $25K | $67K | 50x | as long as short |
| Binance OPUSDT | −0.0034% | 8h | 0.1242 | −0.020% | $19.2M | $65.9M | 75x | as long as short |
| Extended OP-USD | −0.0032% | 1h | 0.1242 | −0.025% | $100K | $581K | 25x | as long as short |
| MEXC OP_USDTlong | −0.0027% | 8h | 0.1242 | long leg | $22.0M | $7.3M | 300x | |
| dYdX OP-USD | 0.0000% | 1h | 0.1244 | +0.113% | $38K | $522 | 10x | as long as short |
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Hyperliquid OP
SoDEX OP-USD
Orderly PERP_OP_USDC
Coinbase International OP-PERP-INTX
Binance OPUSDT
Extended OP-USD
dYdX OP-USDShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OP_USDT | +0.0002% | 8h | 0.1243 | +0.048% | $2.0M | $1.3M | 50x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1247 | +0.393% | — | — | 150x | as long as short |
| GRVT OP_USDT_Perp | +0.0022% | 8h | 0.1245 | +0.250% | $305K | $5.3M | 10x | as long as short |
| Injective OP/USDC PERP | +0.0033% | 1h | 0.1257 | +1.200% | $35K | $67K | 12x | as long as short |
| Variational Omni OP | +0.0069% | 8h | 0.1243 | +0.099% | $220K | $46K | — | as long as short |
| Aevo OP-PERP | +0.0072% | 1h | 0.1242 | −0.015% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0092% | 8h | 0.1243 | +0.048% | $979K | $281K | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1243 | +0.072% | $264K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1243 | +0.072% | $206K | $210K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1242 | 0.000% | $18.0M | $24.6M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1242 | +0.008% | $6.0M | $27.7M | 50x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1242 | −0.008% | $2.9M | $5.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1243 | +0.072% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDTshort | +0.0100% | 8h | 0.1242 | +0.016% | — | $6.5M | — | |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1242 | +0.024% | $108K | $219K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1245 | +0.273% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1247 | +0.394% | $43K | $689K | 50x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1244 | +0.185% | $168K | $252K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0155% | 1h | 0.1244 | +0.142% | $739K | $748K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0446% | 1h | 0.1242 | −0.011% | $691 | — | 20x | as long as short |
Gate OP_USDT
gTrade (Gains Network) OP/USD
GRVT OP_USDT_Perp
Injective OP/USDC PERP
Variational Omni OP
Aevo OP-PERP
BloFin OP-USDT
Lighter OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
KuCoin OPUSDTM
Bitget OPUSDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
HTX OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP