Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.899%

Price spread now: MEXC against Injective−0.144%7-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 0.144% cheaper against Injective than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 7.2 days 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 CC/USDC PERP	0.1180	0.0033	pay 0.0004% / 1h	54m 46s	$402	$3K	5.5x
Short	MEXC CC_USDT	0.1178	0.0100	get 0.0050% / 4h	1h 54m	$1.8M	$374K	100x

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 −0.144%Rate

Funding earned: $14
Price spread: −0.144% → 0.000%: −$14.41
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: −$4.43
Costs to cover: 0.040%
Break-even: 9.2 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	0.43 bp	6.1 bp −$6	56.9 bp −$569	252.1 bp −$25.2K	878.4 bp −$439.2K

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.

CC on 18 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
Injective CC/USDC PERPlong	+0.0033%	1h	0.1180	long leg	$402	$3K	5.5x
Paradex CC-USD-PERP	+0.0095%	8h	0.1179	−0.046%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1179	−0.123%	$35K	$23K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1178	−0.161%	$11.1M	$11.6M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1178	−0.136%	$10.9M	$3.5M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1179	−0.059%	$2.5M	$2.7M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1178	−0.203%	$362K	$146K	50x	as long as short
MEXC CC_USDTshort	+0.0100%	4h	0.1178	−0.144%	$1.8M	$374K	100x
KuCoin CCUSDTM	+0.0100%	4h	0.1178	−0.144%	$488K	$80K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1178	−0.169%	$907K	$703K	20x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1179	−0.119%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1179	−0.119%	$15K	$17K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1179	−0.098%	$600K	$37K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1179	−0.050%	$90K	$3.3M	10x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1178	−0.203%	$601K	$85K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1179	−0.088%	$44K	—	50x	as long as short
Hyperliquid CC	+0.0799%	1h	0.1181	+0.102%	$5.6M	$1.3M	3x	as long as short
Lighter CC	+0.1240%	1h	0.1184	+0.305%	$254K	$160K	5x	as long as short