Funding arb · Price arb /

CRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against MEXC−0.030%7-day average −3.633% · you buy dearer than you sell

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)−0.040%−$4 on $10k

Price spread, last 3 days (all we have)−4.087%−$409 · spread now −0.030%, 7d avg −3.633%

Together, before fees−4.127%−$413 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 3.603% dearer against MEXC than usual: you sell high and buy low (spread −0.030% now, against its 7-day average of −3.633%): +$360 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CRO_USDT	0.06562	0.0100	pay 0.0100% / 8h	7h 40m	$8.5M	$1.2M	200x
Short	Injective CRO/USDC PERP	0.06560	0.0033	get 0.0004% / 1h	40m 39s	$5	$129K	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

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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 −0.030%Rate

Funding earned: −$14
Price spread: −0.030% → −3.633%: $360.27
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: $342.25
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 2 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, 2 min ago	2.29 bp	11.3 bp −$11	46.3 bp −$463	166.9 bp −$16.7K	286.0 bp −$143.0K
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.

CRO on 13 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
GMX CRO/USD [WBTC.b-USDC]	L −0.0071% / S +0.0357%	1h	0.06555	−0.111%	$50K	—	100x	as long as short
Injective CRO/USDC PERPshort	+0.0033%	1h	0.06560	−0.030%	$5	$129K	5.5x
OKX CRO-USDT-SWAP	+0.0100%	8h	0.06566	+0.061%	$2.3M	$3.9M	20x	as long as short
Gate CRO_USDT	+0.0100%	8h	0.06558	−0.061%	$829K	$282K	25x	as long as short
MEXC CRO_USDTlong	+0.0100%	8h	0.06562	long leg	$8.5M	$1.2M	200x
BloFin CRO-USDT	+0.0220%	8h	0.06558	−0.061%	$151K	$304K	20x	as long as short
Bybit CROUSDT	+0.0567%	8h	0.06566	+0.061%	$5.5M	$4.8M	25x	as long as short
Lighter CRO	+0.0584%	1h	0.06574	+0.183%	$54K	$32K	3x	as long as short
Variational Omni CRO	+0.0705%	8h	0.06561	−0.008%	$157K	$240K	—	as long as short
BingX CRO-USDT	+0.1170%	8h	0.06562	0.000%	—	$2.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CROUSDT	+0.1250%	8h	0.06578	+0.244%	$3.0M	$1.9M	25x	as long as short
KuCoin CROUSDTM	+0.1790%	8h	0.06517	−0.686%	$3.7M	$614K	20x	as long as short
Kraken Futures PF_CROUSD	+0.2289%	1h	0.06579	+0.256%	$52K	$20K	10x	as long as short