Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.083%

Price spread now: MEXC against Injective+10.128%55s7-day average — · you sell dearer than you buy

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

Long on Injective Short on MEXC

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 10.128% dearer against Injective than usual: you sell high and buy low: +$1,013 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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 H/USDC PERP	0.06250	0.0033	pay 0.0004% / 1h	50m 16s	$1K	$1	5.5x
Short	MEXC H_USDT	0.06883	0.0100	get 0.0050% / 4h	2h 50m	$6.2M	$1.1M	20x

Funding 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 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 InjectivebpFee MEXCbpOrdersPrice spread, now +10.128%Rate

Funding earned: $14
Price spread: +10.128% → 0.000%: $1,012.8
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: $1,022.78
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 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, 2 min ago	2.18 bp	20.6 bp −$21	64.8 bp −$648	130.5 bp −$13.0K	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.

H on 14 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 H/USDC PERPlong	+0.0033%	1h	0.06250	long leg	$1K	$1	5.5x
Aster HUSDT	+0.0100%	4h	0.06870	+9.913%	$113K	$54K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06894	+10.308%	$14.8M	$10.9M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06888	+10.208%	$7.5M	$4.7M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06902	+10.432%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06884	+10.144%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDTshort	+0.0100%	4h	0.06883	+10.128%	$6.2M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06882	+10.112%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06877	+10.032%	$1.7M	$449K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06892	+10.272%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06854	+9.671%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06852	+9.625%	$1.1M	$440K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06893	+10.282%	$11K	$103K	5x	as long as short
BloFin H-USDT	+0.0122%	4h	0.06872	+9.952%	$587K	$115K	25x	as long as short