Funding arb · Price arb /

CRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: MEXC against Injective+0.061%55s7-day average +3.633% · 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)+0.040%+$4 on $10k

Price spread, last 3 days (all we have)+4.056%+$406 · spread now +0.061%, 7d avg +3.633%

Together, before fees+4.096%+$410 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 3.572% cheaper against Injective than usual: you would sell low and buy high (spread +0.061% now, against its 7-day average of +3.633%). If the spread goes back, that is −$357 on $10k: about 6 months of funding at the current rate (+$2 a day). 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 CRO/USDC PERP	0.06560	0.0033	pay 0.0004% / 1h	30m 23s	$5	$129K	5.5x
Short	MEXC CRO_USDT	0.06564	0.0100	get 0.0100% / 8h	7h 30m	$8.5M	$1.2M	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 +0.061%Rate

Funding earned: $14
Price spread: +0.061% → +3.633%: −$357.22
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: −$347.24
Costs to cover: 0.040%
Break-even: 180.6 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 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, 2 min ago	3.05 bp	15.0 bp −$15	41.6 bp −$416	139.9 bp −$14.0K	286.8 bp −$143.4K

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
GMX CRO/USD [WBTC.b-USDC]	L −0.0024% / S +0.0337%	1h	0.06557	−0.041%	$50K	—	100x	as long as short
Injective CRO/USDC PERPlong	+0.0033%	1h	0.06560	long leg	$5	$129K	5.5x
OKX CRO-USDT-SWAP	+0.0100%	8h	0.06565	+0.076%	$2.3M	$3.9M	20x	as long as short
Gate CRO_USDT	+0.0100%	8h	0.06558	−0.030%	$829K	$282K	25x	as long as short
MEXC CRO_USDTshort	+0.0100%	8h	0.06564	+0.061%	$8.5M	$1.2M	200x
BloFin CRO-USDT	+0.0220%	8h	0.06562	+0.030%	$151K	$305K	20x	as long as short
Bybit CROUSDT	+0.0331%	8h	0.06568	+0.122%	$5.5M	$4.7M	25x	as long as short
Lighter CRO	+0.0568%	1h	0.06575	+0.229%	$54K	$32K	3x	as long as short
Variational Omni CRO	+0.0701%	8h	0.06566	+0.099%	$157K	$240K	—	as long as short
BingX CRO-USDT	+0.1216%	8h	0.06567	+0.107%	—	$2.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CROUSDT	+0.1285%	8h	0.06578	+0.274%	$2.9M	$2.0M	25x	as long as short
KuCoin CROUSDTM	+0.1834%	8h	0.06528	−0.488%	$3.7M	$611K	20x	as long as short
Kraken Futures PF_CROUSD	+0.2294%	1h	0.06565	+0.075%	$52K	$20K	10x	as long as short