Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.016%
Price spread now: MEXC against Injective−4.707%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. MEXC is 4.707% cheaper against Injective than usual: you would sell low and buy high (spread −4.707% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$471 on $10k: about 8 months of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective S/USDC PERP | 0.04100 | 0.0033 | pay 0.0004% / 1h | 22m 37s | $2K | $37K | 12x |
| Short | MEXC S_USDT | 0.03907 | 0.0100 | get 0.0050% / 4h | 1h 22m | $3.5M | $2.3M | 200x |
Injective S/USDC PERP
MEXC S_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: −4.707% → 0.000%
- −$470.73
- 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
- −$460.75
- Costs to cover
- 0.040%
- Break-even
- 237.4 days
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 5 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, 5 min ago | 2.56 bp | 5.8 bp −$6 | 35.2 bp −$352 | 256.3 bp −$25.6K | 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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1601% | 1h | 0.03905 | −4.767% | $33K | $26K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1576% | 1h | 0.03826 | −6.683% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0835% | 4h | 0.03901 | −4.866% | $607K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0196% / S +0.0189% | 1h | 0.03911 | −4.607% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03908 | −4.689% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03911 | −4.603% | $603 | — | 150x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0006% | 1h | 0.03914 | −4.537% | $66K | $10K | 10x | as long as short |
| Orderly PERP_S_USDC | +0.0029% | 4h | 0.03908 | −4.683% | $100K | $345K | 10x | as long as short |
| Injective S/USDC PERPlong | +0.0033% | 1h | 0.04100 | long leg | $2K | $37K | 12x | |
| Lighter S | +0.0096% | 1h | 0.03911 | −4.610% | $164K | $223K | 5x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Deribit S_USDC-PERPETUAL
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SUSDT | +0.0096% | 4h | 0.03909 | −4.667% | $43K | $212K | 10x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03907 | −4.717% | $980K | $716K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03907 | −4.707% | $5.3M | $18.9M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03902 | −4.829% | $5.6M | $5.6M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03907 | −4.707% | $978K | $5.7M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03903 | −4.805% | $319K | $265K | 50x | as long as short |
| MEXC S_USDTshort | +0.0100% | 4h | 0.03907 | −4.707% | $3.5M | $2.3M | 200x | |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03901 | −4.854% | $1.8M | $3.0M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03912 | −4.585% | $1.2M | $2.6M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03908 | −4.683% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03910 | −4.634% | $25K | $464K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03907 | −4.701% | $219K | $881K | 10x | as long as short |
| 01 Exchange SUSD | +0.0128% | 1h | 0.03910 | −4.634% | $24K | $2K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03906 | −4.732% | $267K | $126K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0434% | 1h | 0.03920 | −4.390% | $114K | $301K | 5x | as long as short |
Aster SUSDT
Hyperliquid S
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
01 Exchange SUSD
BloFin S-USDT
Backpack S_USDC_PERP