Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.018%
Price spread now: MEXC against Injective+4.257%70s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 4.257% dearer against Injective than usual: you sell high and buy low: +$426 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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 | Injective 2Z/USDC PERP | 0.04980 | 0.0033 | pay 0.0004% / 1h | 50m 13s | $867 | $213 | 5.5x |
| Short | MEXC 2Z_USDT | 0.05192 | 0.0100 | get 0.0050% / 4h | 2h 50m | $289K | $122K | 50x |
Injective 2Z/USDC PERP
MEXC 2Z_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Injective. 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
- $14
- Price spread: +4.257% → 0.000%
- $425.7
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $435.68
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 65 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 65 min ago | 5.77 bp | 12.7 bp −$13 | 72.6 bp −$726 | 222.7 bp −$22.3K | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
2Z on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack 2Z_USDC_PERP | −0.0553% | 1h | 0.05186 | +4.137% | $45K | $32K | 5x | as long as short |
| Injective 2Z/USDC PERPlong | +0.0033% | 1h | 0.04980 | long leg | $867 | $213 | 5.5x | |
| Lighter 2Z | +0.0096% | 1h | 0.05193 | +4.277% | $16K | $8K | 3x | as long as short |
| Hyperliquid 2Z | +0.0100% | 1h | 0.05191 | +4.237% | $687K | $354K | 3x | as long as short |
| Aster 2ZUSDT | +0.0100% | 4h | 0.05191 | +4.232% | $12K | $57K | 5x | as long as short |
| Pacifica 2Z | +0.0100% | 1h | 0.05187 | +4.159% | $75K | $14K | 3x | as long as short |
| Binance 2ZUSDT | +0.0100% | 4h | 0.05188 | +4.177% | $2.1M | $2.3M | 50x | as long as short |
| Bybit 2ZUSDT | +0.0100% | 4h | 0.05188 | +4.177% | $680K | $966K | 50x | as long as short |
| OKX 2Z-USDT-SWAP | +0.0100% | 4h | 0.05188 | +4.177% | $445K | $697K | 20x | as long as short |
| Gate 2Z_USDT | +0.0100% | 4h | 0.05190 | +4.217% | $91K | $68K | 50x | as long as short |
Backpack 2Z_USDC_PERP
Lighter 2Z
Hyperliquid 2Z
Aster 2ZUSDT
Pacifica 2Z
Binance 2ZUSDT
Bybit 2ZUSDT
OKX 2Z-USDT-SWAP
Gate 2Z_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC 2Z_USDTshort | +0.0100% | 4h | 0.05192 | +4.257% | $289K | $122K | 50x | |
| KuCoin 2ZUSDTM | +0.0100% | 4h | 0.05186 | +4.143% | $191K | $51K | 50x | as long as short |
| Bitget 2ZUSDT | +0.0100% | 4h | 0.05188 | +4.177% | $149K | $590K | 50x | as long as short |
| BingX 2Z-USDT | +0.0100% | 4h | 0.05192 | +4.257% | — | $6.5M | — | as long as short |
| Variational Omni 2Z | +0.0100% | 4h | 0.05182 | +4.050% | $33K | $29K | — | as long as short |
| SunX 2Z-USDT | +0.0100% | 4h | 0.05193 | +4.277% | $1K | $1.2M | 20x | as long as short |
| Kraken Futures PF_2ZUSD | +0.1049% | 1h | 0.05205 | +4.524% | $6K | $3K | 10x | as long as short |
KuCoin 2ZUSDTM
Bitget 2ZUSDT
BingX 2Z-USDT
Variational Omni 2Z
SunX 2Z-USDT
Kraken Futures PF_2ZUSD