Funding you earn now, next payment 06:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.088%
Price spread now: Kraken Futures against MEXC+0.144%51s7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$700.697% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.144%, 7d avg +0.074%
=The price spread pays, funding is against you. Kraken Futures is 0.069% dearer against MEXC than usual: you sell high and buy low (spread +0.144% now, against its 7-day average of +0.074%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.099%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OP_USDT | 0.1253 | 0.0100 | pay 0.0100% / 8h | 2h 04m | $23.1M | $7.7M | 300x |
| Short | Kraken Futures PF_OPUSD | 0.1255 | 0.0074 | get 0.0009% / 1h | 4m 23s | $753K | $632K | 20x |
MEXC OP_USDT
Kraken Futures PF_OPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$5.39
- Price spread: +0.144% → +0.074%
- $6.94
- Slippage, 4 orders
- −$59.74
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$68.18
- Costs to cover
- 0.697%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Kraken Futures: live order book, 44 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, 4 min ago | 0.40 bp | 3.3 bp −$3 | 14.9 bp −$149 | 77.6 bp −$7,762 | 129.6 bp −$64.8K |
| Sell Kraken Futures live order book, 44 min ago | 15.31 bp | 28.2 bp −$28 | 68.7 bp −$687 | doesn't fit | doesn't fit |
OP on 30 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 | −0.1583% | 1h | 0.1246 | −0.551% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1253 | +0.036% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0547% | 1h | 0.1253 | +0.008% | $33K | $153K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0011% | 8h | 0.1251 | −0.152% | $59K | $142K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1254 | +0.070% | $39K | $532 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1253 | +0.008% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0005% | 8h | 0.1253 | +0.042% | $222K | $46K | — | as long as short |
| Bybit OPUSDT | +0.0063% | 8h | 0.1252 | −0.056% | $18.4M | $25.7M | 75x | as long as short |
| Kraken Futures PF_OPUSDshort | +0.0074% | 1h | 0.1255 | +0.144% | $753K | $632K | 20x | |
| Lighter OP | +0.0096% | 1h | 0.1253 | 0.000% | $275K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Bybit OPUSDT
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX OP-USDT-SWAP | +0.0098% | 8h | 0.1252 | −0.080% | $6.2M | $29.0M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1252 | −0.064% | $3.4M | $3.3M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1255 | +0.138% | $205K | $213K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1252 | −0.042% | $19.6M | $64.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1253 | +0.008% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDTlong | +0.0100% | 8h | 0.1253 | long leg | $23.1M | $7.7M | 300x | |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1252 | −0.072% | $2.8M | $6.3M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1254 | +0.088% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1253 | −0.016% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1253 | −0.008% | $105K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1252 | −0.036% | $379K | $767K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1254 | +0.061% | $309K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1252 | −0.072% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1253 | +0.008% | $208 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1253 | +0.048% | $174K | $244K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1252 | −0.050% | $101K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1253 | +0.048% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1254 | +0.088% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1254 | +0.080% | $981K | $307K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1252 | −0.088% | $696 | — | 20x | as long as short |
OKX OP-USDT-SWAP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP