Funding arb · Price arb /

DEXE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: MEXC against Injective+4.247%55s7-day average — · 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 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 +$2 a day on $10k at the current rate, and MEXC is 4.247% dearer against Injective than usual: you sell high and buy low: +$425 more if the spread goes back to zero (this spread has no 7-day history yet). 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 DEXE/USDC PERP	1.8600	0.0033	pay 0.0004% / 1h	30m 27s	—	$3K	5.5x
Short	MEXC DEXE_USDT	1.9390	0.0100	get 0.0050% / 4h	2h 30m	$1.8M	$230K	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

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 +4.247%Rate

Funding earned: $14
Price spread: +4.247% → 0.000%: $424.73
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $438.71
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 1 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, 1 min ago	2.58 bp	8.6 bp −$9	33.1 bp −$331	156.6 bp −$15.7K	678.0 bp −$339.0K

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.

DEXE on 12 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 DEXE/USDC PERPlong	+0.0033%	1h	1.8600	long leg	—	$3K	5.5x
Binance DEXEUSDT	+0.0100%	4h	1.9410	+4.355%	$7.0M	$8.6M	20x	as long as short
Gate DEXE_USDT	+0.0100%	4h	1.9420	+4.409%	$470K	$836K	20x	as long as short
MEXC DEXE_USDTshort	+0.0100%	4h	1.9390	+4.247%	$1.8M	$230K	20x
Bitget DEXEUSDT	+0.0100%	4h	1.9390	+4.247%	$3.2M	$507K	10x	as long as short
BingX DEXE-USDT	+0.0100%	4h	1.9420	+4.409%	—	$1.8M	—	as long as short
Variational Omni DEXE	+0.0100%	4h	1.9442	+4.527%	$35K	$388	—	as long as short
Orderly PERP_DEXE_USDC_mythos	+0.0100%	4h	1.9400	+4.301%	$8K	—	10x	as long as short
Aster DEXEUSDT	+0.0110%	4h	1.9420	+4.409%	$172K	$32K	5x	as long as short
Bybit DEXEUSDT	+0.0113%	4h	1.9444	+4.538%	$2.4M	$987K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin DEXE-USDT	+0.0340%	4h	1.9420	+4.409%	$397K	$34K	20x	as long as short
Kraken Futures PF_DEXEUSD	+0.0794%	1h	1.9402	+4.312%	$42K	$49K	20x	as long as short