Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.042%

Price spread now: MEXC against Injective−2.507%55s7-day average — · you buy dearer than you sell

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

Funding pays, the price is against you. MEXC is 2.507% cheaper against Injective than usual: you would sell low and buy high (spread −2.507% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$251 on $10k: about 4 months of funding at the current rate (+$2 a day). 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 TURBO/USDC PERP	0.001069	0.0033	pay 0.0004% / 1h	50m 20s	$83	$4	5.5x
Short	MEXC TURBO_USDT	0.001042	0.0100	get 0.0050% / 4h	50m 20s	$5.4M	$536K	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

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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 InjectivebpFee MEXCbpOrdersPrice spread, now −2.507%Rate

Funding earned: $14
Price spread: −2.507% → 0.000%: −$250.7
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: −$240.72
Costs to cover: 0.040%
Break-even: 127.4 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	1.91 bp	14.5 bp −$15	44.0 bp −$440	57.1 bp −$5,706	105.1 bp −$52.6K

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.

TURBO on 14 exchanges

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_TURBOUSD	−0.1129%	1h	0.001040	−2.667%	$69K	$31K	20x	as long as short
Injective TURBO/USDC PERPlong	+0.0033%	1h	0.001069	long leg	$83	$4	5.5x
Hyperliquid TURBO	+0.0100%	1h	0.001044	−2.339%	$297K	$196K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001043	−2.436%	$10K	$22K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001043	−2.423%	$2.8M	$6.8M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001043	−2.413%	$361K	$786K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001042	−2.488%	$879K	$2.3M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001042	−2.488%	$379K	$354K	25x	as long as short
MEXC TURBO_USDTshort	+0.0100%	4h	0.001042	−2.507%	$5.4M	$536K	20x
Bitget TURBOUSDT	+0.0100%	4h	0.001044	−2.339%	$1.0M	$619K	25x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX TURBO-USDT	+0.0100%	4h	0.001043	−2.442%	—	$9.6M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001041	−2.632%	$736	$204K	5x	as long as short
KuCoin TURBOUSDTM	+0.0146%	4h	0.001044	−2.376%	$1.8M	$989K	20x	as long as short
BloFin TURBO-USDT	+0.0151%	4h	0.001041	−2.657%	$150K	$505K	75x	as long as short