Funding you earn now, next payment 23:00 UTC+0.4125%/8h= +451.7% APRpaid last 24h +1.437%
Price spread now: MEXC against Injective+1.191%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 +$124 a day on $10k at the current rate, and MEXC is 1.191% dearer against Injective than usual: you sell high and buy low: +$119 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USUAL/USDC PERP | 0.01335 | −0.4025 | get 0.0503% / 1h | 37m 19s | $6K | $2K | 5.5x |
| Short | MEXC USUAL_USDT | 0.01351 | 0.0100 | get 0.0050% / 4h | 1h 37m | $5.9M | $258K | 100x |
Injective USUAL/USDC PERP
MEXC USUAL_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
- $866.19
- Price spread: +1.191% → 0.000%
- $119.1
- 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
- $981.27
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; MEXC: live order book, just now. 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, just now | 1.11 bp | 8.1 bp −$8 | 162.4 bp −$1,624 | 809.9 bp −$81.0K | 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.
USUAL on 11 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 USUAL/USDC PERPlong | −0.4025% | 1h | 0.01335 | long leg | $6K | $2K | 5.5x | |
| Kraken Futures PF_USUALUSD | −0.0708% | 1h | 0.01352 | +1.282% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01351 | +1.199% | $386K | $232K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01351 | +1.213% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01352 | +1.281% | $998K | $914K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01354 | +1.423% | $903K | $213K | 50x | as long as short |
| MEXC USUAL_USDTshort | +0.0100% | 4h | 0.01351 | +1.191% | $5.9M | $258K | 100x | |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01355 | +1.498% | $280K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01353 | +1.348% | $817K | $503K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01352 | +1.266% | — | $1.2M | — | as long as short |
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01356 | +1.606% | $9K | $208 | — | as long as short |
Variational Omni USUAL