OP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.06 per $10,000 · paid last 24h +0.013%

Price spread now: MEXC against OKX+0.040%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

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

costs, in and out, $10k−$290.295% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.040%, 7d avg +0.031%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OP-USDT-SWAP	0.1255	0.0094	pay 0.0094% / 8h	1h 48m	$5.8M	$29.6M	50x
Short	MEXC OP_USDT	0.1256	0.0100	get 0.0100% / 8h	1h 48m	$19.9M	$7.0M	300x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee OKXbpFee MEXCbpOrdersPrice spread, now +0.040%Rate

Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 5 min ago.

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	12.6 bp −$13	28.5 bp −$285	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.40 bp	4.1 bp −$4	5.7 bp −$57	39.8 bp −$3,978	91.6 bp −$45.8K

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	−0.1710%	1h	0.1250	−0.438%	$34K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1256	+0.005%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0360%	1h	0.1243	−0.996%	$21K	$64K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1256	+0.056%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1256	+0.040%	$41K	$171K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1256	+0.051%	—	—	150x	as long as short
Variational Omni OP	+0.0043%	8h	0.1255	−0.052%	$231K	$46K	—	as long as short
Orderly PERP_OP_USDC	+0.0051%	8h	0.1256	+0.040%	$6K	$49K	10x	as long as short
OKX OP-USDT-SWAPlong	+0.0094%	8h	0.1255	long leg	$5.8M	$29.6M	50x
Lighter OP	+0.0096%	1h	0.1257	+0.112%	$274K	$904K	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1258	+0.175%	$4.1M	$2.9M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1256	+0.056%	$210K	$241K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1256	+0.043%	$20.4M	$62.4M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1255	−0.072%	$18.3M	$25.2M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1256	+0.024%	$1.8M	$1.5M	50x	as long as short
MEXC OP_USDTshort	+0.0100%	8h	0.1256	+0.040%	$19.9M	$7.0M	300x
KuCoin OPUSDTM	+0.0100%	8h	0.1255	−0.040%	$2.9M	$7.5M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1256	+0.040%	$6.0M	$6.2M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1255	−0.024%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1255	0.000%	$124K	$190K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1256	+0.012%	$9K	$381K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1255	−0.040%	$304K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1258	+0.199%	$45K	$719K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1255	0.000%	$175	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1258	+0.207%	$174K	$232K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1255	−0.035%	$101K	$186K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1255	−0.002%	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1255	−0.016%	$1.0M	$280K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0229%	1h	0.1257	+0.106%	$780K	$735K	20x	as long as short
Reya OPRUSDPERP	+0.0436%	1h	0.1255	−0.033%	$698	—	20x	as long as short