Funding arb · Price arb /

CC

all CC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.4015%/8h= −439.6% APRpaid last 24h −1.152%

Price spread now: Injective against MEXC+0.170%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Injective is 0.170% dearer against MEXC than usual: you sell high and buy low (spread +0.170% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$120 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CC_USDT	0.1178	−0.0078	get 0.0039% / 4h	1h 15m	$1.7M	$323K	100x
Short	Injective CC/USDC PERP	0.1180	−0.4093	pay 0.0512% / 1h	15m 16s	$402	$3K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee MEXCbpFee InjectivebpOrdersPrice spread, now +0.170%Rate

Funding earned: −$843.1
Price spread: +0.170% → 0.000%: $16.98
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$830.15
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; Injective: no order-book sample. 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 MEXC live order book, 1 min ago	0.42 bp	7.8 bp −$8	45.9 bp −$459	256.3 bp −$25.6K	796.0 bp −$398.0K
Sell Injective no order-book sample	—	—	—	—	—

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.

CC on 19 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 CC/USDC PERPshort	−0.4093%	1h	0.1180	+0.170%	$402	$3K	5.5x
Bybit CCUSDT	−0.0087%	4h	0.1178	+0.017%	$10.7M	$3.8M	25x	as long as short
MEXC CC_USDTlong	−0.0078%	4h	0.1178	long leg	$1.7M	$323K	100x
Paradex CC-USD-PERP	+0.0097%	8h	0.1178	+0.019%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1179	+0.089%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1178	−0.017%	$11.1M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1179	+0.102%	$2.6M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1178	+0.008%	$365K	$218K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1180	+0.144%	$486K	$122K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1178	+0.034%	$924K	$788K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1178	+0.034%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1179	+0.051%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1180	+0.146%	$601K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1180	+0.188%	$87K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1178	−0.027%	$6K	$36K	6.7x	as long as short
Hyperliquid CC	+0.0306%	1h	0.1181	+0.240%	$5.5M	$1.4M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1179	+0.051%	$596K	$99K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0449% / S −0.0241%	1h	0.1179	+0.089%	$44K	—	50x	as long as short
Lighter CC	+0.1072%	1h	0.1184	+0.501%	$245K	$160K	5x	as long as short