data as of
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Price arb /

OP

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$18
spread now+0.170%7d average−0.054%fees + slippage, in and out−$41spread needed0.407%
Long on MEXCShort on edgeX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC OP_USDT0.1290−0.0111get 0.0111% / 8h2h 31m$20.0M$8.7M300x
ShortedgeX OPUSDC0.12920.0100get 0.0050% / 4h2h 31m$4K$408K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$16.98
Funding while held
$6.33
Slippage, 4 orders
−$31.65
Fee MEXC: 0 bp × 2 orders
$0
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$17.35
Spread needed to break even
0.407%
Slippage from MEXC: live order book, 4 min ago; edgeX: live order book, 29 min ago.

Cost of waiting

funding view
Funding /8h
+0.0211%
Per $10,000 a day
+$6.33
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 4 min ago0.39 bp1.4 bp −$111.9 bp −$11971.4 bp −$7,138123.8 bp −$61.9K
Sell edgeX live order book, 29 min ago7.63 bp20.2 bp −$20165.9 bp −$1,659doesn't fitdoesn't fit

OP price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.1287cheapestBinance0.1288+0.039%OKX0.1288+0.109%Backpack0.1289+0.124%Bitget0.1289+0.155%Orderly0.1289+0.155%Deribit0.1289+0.155%Extended0.1289+0.184%
MEXC0.1290+0.202%
BloFin0.1290+0.218%SoDEX0.1290+0.225%Hyperliquid0.1290+0.233%Gate0.1290+0.233%KuCoin0.1290+0.233%BingX0.1290+0.233%Aevo0.1290+0.233%Coinbase International0.1290+0.233%Reya0.1290+0.242%GMX0.1290+0.260%gTrade (Gains Network)0.1291+0.311%Aster0.1291+0.320%Lighter0.1291+0.326%HTX0.1292+0.365%
edgeX0.1292+0.372%
Kraken Futures0.1292+0.404%ApeX Omni0.1293+0.466%dYdX0.1294+0.539%Variational Omni0.1296+0.706%Injective0.1297+0.777%

OP on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit OPUSDT−0.202%+0.0010%8h$18.1M$26.3M75xas long as short
Binance OPUSDT−0.163%−0.0113%8h$21.0M$62.0M75xas long as short
OKX OP-USDT-SWAP−0.093%+0.0067%8h$6.2M$31.0M50xas long as short
Backpack OP_USDC_PERP−0.078%+0.0100%1h$134K$154K10xas long as short
Bitget OPUSDT−0.047%+0.0100%8h$6.1M$5.7M75xas long as short
Orderly PERP_OP_USDC−0.047%−0.0055%8h$7K$51K10xas long as short
Deribit OP_USDC-PERPETUAL−0.047%−0.0525%1h$44K$188K25xas long as short
Extended OP-USD−0.018%−0.0112%1h$105K$208K25xas long as short
MEXC OP_USDTlong0.000%−0.0111%8h$20.0M$8.7M300x
BloFin OP-USDT+0.016%+0.0007%8h$1.0M$570K75xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SoDEX OP-USD+0.023%+0.0100%1h$174$5K5xas long as short
Hyperliquid OP+0.031%+0.0101%1h$4.1M$3.0M5xas long as short
Gate OP_USDT+0.031%+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.031%+0.0100%8h$2.9M$6.4M75xas long as short
BingX OP-USDC+0.031%+0.0100%8h—$1.6M—as long as short
Aevo OP-PERP+0.031%+0.0056%1h$4K—3xas long as short
Coinbase International OP-PERP-INTX+0.031%−0.0416%1h$28K$97K50xas long as short
Reya OPRUSDPERP+0.040%+0.0429%1h$717—20xas long as short
GMX OP/USD [OP-USDC]+0.057%L −0.1208% / S +0.0249%1h$13K—100xas long as short
gTrade (Gains Network) OP/USD+0.109%L +0.0004% / S −0.0004%1h——150xas long as short
Aster OPUSDT+0.118%+0.0100%8h$200K$418K10xas long as short
Lighter OP+0.124%+0.0096%1h$298K$336K15xas long as short
HTX OP-USDT+0.163%+0.0100%8h$193K$219K50xas long as short
edgeX OPUSDCshort+0.170%+0.0100%4h$4K$408K10x
Kraken Futures PF_OPUSD+0.201%+0.0232%1h$793K$648K20xas long as short
ApeX Omni OPUSDT+0.264%+0.0100%1h$46K$703K50xas long as short
dYdX OP-USD+0.337%0.0000%1h$40K$1010xas long as short
Variational Omni OP+0.503%−0.0054%8h$235K$36K—as long as short
Injective OP/USDC PERP+0.574%+0.0033%1h$25K$185K12xas long as short