Settings8H · net · $10k
Funding arb · Price arb /

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.039%
Price spread now: HTX against MEXC+0.031%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$440.437% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.074%+$7 on $10k
Price spread, last 3 days (all we have)+0.138%+$14 · spread now +0.031%, 7d avg +0.021%
Together, before fees+0.213%+$21 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC OP_USDT0.12800.0100pay 0.0100% / 8h38m 33s$20.3M$7.3M300x
ShortHTX OP-USDT0.12800.0100get 0.0100% / 8h38m 33s$177K$236K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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

Funding earned
$0
Price spread: +0.031% → +0.021%
$1.04
Slippage, 4 orders
−$31.69
Fee MEXC: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$42.65
Costs to cover
0.437%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; HTX: live order book, 38 min ago.

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, 5 min ago0.39 bp3.1 bp −$326.3 bp −$26358.0 bp −$5,80198.3 bp −$49.2K
Sell HTX live order book, 38 min ago5.85 bp21.5 bp −$22doesn't fitdoesn't fitdoesn't fit

OP on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1633%1h0.1274−0.461%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1280+0.034%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0531%1h0.1280+0.008%$42K$171K25xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h0.1276−0.305%$21K$65K50xas long as short
dYdX OP-USD0.0000%1h0.1281+0.063%$40K$51910xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1281+0.070%150xas long as short
Orderly PERP_OP_USDC+0.0063%8h0.1280+0.008%$6K$50K10xas long as short
Variational Omni OP+0.0072%8h0.1280+0.027%$234K$54Kas long as short
Lighter OP+0.0096%1h0.1281+0.109%$291K$922K15xas long as short
Hyperliquid OP+0.0100%1h0.1281+0.125%$4.1M$2.9M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1280+0.044%$214K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1280−0.008%$20.7M$61.7M75xas long as short
Bybit OPUSDT+0.0100%8h0.1280−0.031%$18.6M$25.8M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.12800.000%$6.1M$30.4M50xas long as short
Gate OP_USDT+0.0100%8h0.1280+0.031%$2.0M$1.5M50xas long as short
MEXC OP_USDTlong+0.0100%8h0.1280long leg$20.3M$7.3M300x
KuCoin OPUSDTM+0.0100%8h0.1280+0.008%$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h0.1280+0.008%$6.1M$6.3M75xas long as short
BingX OP-USDT+0.0100%8h0.1280−0.016%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1280+0.023%$125K$188K10xas long as short
edgeX OPUSDC+0.0100%4h0.1280+0.036%$9K$382K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1282+0.173%$320K$5.0M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1281+0.086%$46K$721K50xas long as short
SoDEX OP-USD+0.0100%1h0.1280−0.023%$198$6K5xas long as short
HTX OP-USDTshort+0.0100%8h0.1280+0.031%$177K$236K50x
Extended OP-USD+0.0104%1h0.1279−0.037%$103K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1280−0.004%$4K3xas long as short
BloFin OP-USDT+0.0220%8h0.1280+0.047%$1.0M$292K75xas long as short
Kraken Futures PF_OPUSD+0.0357%1h0.1281+0.071%$801K$745K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.1280−0.015%$71220xas long as short