Funding arb · Price arb /

CRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0063%/8h= −6.8% APRpaid last 24h −0.058%

Price spread now: MEXC against GMX+0.056%58s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 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. MEXC is 0.056% dearer against GMX than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. The two prices were read 58 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	GMX CRO/USD [WBTC.b-USDC]	0.06556	L +0.0163% / S −0.0034%	pay 0.0020% / 1h	11m 27s	$30K	—	100x
Short	MEXC CRO_USDT	0.06560	0.0100	get 0.0100% / 8h	11m 27s	$8.9M	$1.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GMX. 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 GMXbpFee MEXCbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$13.13
Price spread: +0.056% → 0.000%: $5.64
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$23.48
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	2.29 bp	11.5 bp −$11	54.3 bp −$543	177.3 bp −$17.7K	282.9 bp −$141.4K

GMX: 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 PERP	+0.0033%	1h	0.06560	+0.056%	$5	$129K	5.5x	as long as short
OKX CRO-USDT-SWAP	+0.0100%	8h	0.06575	+0.285%	$2.2M	$4.7M	20x	as long as short
Gate CRO_USDT	+0.0100%	8h	0.06563	+0.102%	$832K	$416K	25x	as long as short
MEXC CRO_USDTshort	+0.0100%	8h	0.06560	+0.056%	$8.9M	$1.4M	200x
Bitget CROUSDT	+0.0100%	8h	0.06558	+0.026%	$3.0M	$2.1M	25x	as long as short
GMX CRO/USD [WBTC.b-USDC]long	L +0.0163% / S −0.0034%	1h	0.06556	long leg	$30K	—	100x
Lighter CRO	+0.0216%	1h	0.06572	+0.239%	$49K	$35K	3x	as long as short
BloFin CRO-USDT	+0.0220%	8h	0.06561	+0.072%	$148K	$377K	20x	as long as short
BingX CRO-USDT	+0.0228%	8h	0.06566	+0.148%	—	$2.5M	—	as long as short
Bybit CROUSDT	+0.0239%	8h	0.06576	+0.300%	$6.2M	$5.8M	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	+0.0449%	8h	0.06571	+0.232%	$142K	$178K	—	as long as short
KuCoin CROUSDTM	+0.1539%	8h	0.06520	−0.554%	$3.5M	$677K	20x	as long as short
Kraken Futures PF_CROUSD	+0.2262%	1h	0.06575	+0.286%	$56K	$28K	10x	as long as short