Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.111%

Price spread now: Injective against MEXC+1.277%7-day average — · you sell dearer than you buy

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)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.277% dearer against MEXC than usual: you sell high and buy low (spread +1.277% now, against zero (this spread has no 7-day history yet)): +$128 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALT_USDT	0.007594	0.0100	pay 0.0050% / 4h	3h 21m	$390K	$179K	50x
Short	Injective ALT/USDC PERP	0.007691	0.0033	get 0.0004% / 1h	21m 02s	$837	$4K	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

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 MEXCbpFee InjectivebpOrdersPrice spread, now +1.277%Rate

Funding earned: −$14
Price spread: +1.277% → 0.000%: $127.73
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: $109.71
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 14 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, 14 min ago	2.63 bp	4.8 bp −$5	45.7 bp −$457	255.1 bp −$25.5K	440.9 bp −$220.5K
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.

ALT 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
Deribit ALT_USDC-PERPETUAL	−0.0013%	1h	0.007599	+0.066%	—	$0	25x	as long as short
Injective ALT/USDC PERPshort	+0.0033%	1h	0.007691	+1.277%	$837	$4K	5.5x
Kraken Futures PF_ALTUSD	+0.0042%	1h	0.007601	+0.088%	$44K	$8K	10x	as long as short
BloFin ALT-USDT	+0.0070%	4h	0.007599	+0.066%	$173K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007590	−0.053%	$1.1M	$145K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007596	+0.023%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007587	−0.092%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007592	−0.026%	$49K	$382K	25x	as long as short
MEXC ALT_USDTlong	+0.0100%	4h	0.007594	long leg	$390K	$179K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007596	+0.026%	$147K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007595	+0.013%	$613K	$126K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007591	−0.040%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007593	−0.011%	$4K	$16K	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0488%	1h	0.007691	+1.277%	$14K	$3K	50x	as long as short