Funding arb · Price arb /

CRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: MEXC against Injective+2.973%115s7-day average +3.563% · you sell dearer than you buy

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 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+1.058%+$106 · spread now +2.973%, 7d avg +3.563%

Together, before fees+1.153%+$115 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.590% cheaper against Injective than usual: you would sell low and buy high (spread +2.973% now, against its 7-day average of +3.563%). If the spread goes back, that is −$59 on $10k: about 30 days of funding at the current rate (+$2 a day). The two prices were read 115 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 CRO/USDC PERP	0.06560	0.0033	pay 0.0004% / 1h	15m 23s	$5	$129K	5.5x
Short	MEXC CRO_USDT	0.06755	0.0100	get 0.0100% / 8h	4h 15m	$8.9M	$1.3M	200x

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 +2.973%Rate

Funding earned: $14
Price spread: +2.973% → +3.563%: −$59.04
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: −$49.06
Costs to cover: 0.040%
Break-even: 31.5 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 3 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, 3 min ago	2.96 bp	15.5 bp −$16	62.7 bp −$627	199.0 bp −$19.9K	317.4 bp −$158.7K

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.

CRO on 13 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 CRO/USDC PERPlong	+0.0033%	1h	0.06560	long leg	$5	$129K	5.5x
OKX CRO-USDT-SWAP	+0.0100%	8h	0.06746	+2.835%	$2.3M	$4.5M	20x	as long as short
Gate CRO_USDT	+0.0100%	8h	0.06743	+2.790%	$856K	$296K	25x	as long as short
MEXC CRO_USDTshort	+0.0100%	8h	0.06755	+2.973%	$8.9M	$1.3M	200x
GMX CRO/USD [WBTC.b-USDC]	L +0.0174% / S −0.0036%	1h	0.06740	+2.741%	$32K	—	100x	as long as short
Lighter CRO	+0.0208%	1h	0.06754	+2.957%	$49K	$38K	3x	as long as short
BloFin CRO-USDT	+0.0220%	8h	0.06756	+2.988%	$154K	$367K	20x	as long as short
Bybit CROUSDT	+0.0459%	8h	0.06751	+2.912%	$6.4M	$5.5M	25x	as long as short
BingX CRO-USDT	+0.0521%	8h	0.06751	+2.912%	—	$2.6M	—	as long as short
Bitget CROUSDT	+0.0528%	8h	0.06748	+2.866%	$3.0M	$2.1M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRO	+0.0735%	8h	0.06752	+2.924%	$158K	$161K	—	as long as short
KuCoin CROUSDTM	+0.1892%	8h	0.06700	+2.134%	$3.7M	$675K	20x	as long as short
Kraken Futures PF_CROUSD	+0.2833%	1h	0.06759	+3.032%	$54K	$20K	10x	as long as short