Funding you earn now, next payment 11:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.036%
Price spread now: MEXC against Injective−2.804%70s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 2.804% cheaper against Injective than usual: you would sell low and buy high (spread −2.804% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$280 on $10k: about 5 months of funding at the current rate (+$2 a day). The two prices were read 70 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 W/USDC PERP | 0.01209 | 0.0033 | pay 0.0004% / 1h | 8m 14s | $1K | $1K | 12x |
| Short | MEXC W_USDT | 0.01175 | 0.0100 | get 0.0050% / 4h | 1h 08m | $12.3M | $1.2M | 50x |
Injective W/USDC PERP
MEXC W_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14
- Price spread: −2.804% → 0.000%
- −$280.4
- 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
- −$270.42
- Costs to cover
- 0.040%
- Break-even
- 142.2 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 | 0.85 bp | 8.6 bp −$9 | 57.0 bp −$570 | 93.4 bp −$9,339 | 189.3 bp −$94.6K |
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.
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0090% | 1h | 0.01175 | −2.812% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERPlong | +0.0033% | 1h | 0.01209 | long leg | $1K | $1K | 12x | |
| OKX W-USDT-SWAP | +0.0042% | 4h | 0.01174 | −2.903% | $1.3M | $1.3M | 20x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01176 | −2.730% | $2.0M | $257K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01175 | −2.779% | $3.0M | $4.5M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01172 | −3.027% | $4.1M | $1.5M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01177 | −2.672% | $435K | $172K | 75x | as long as short |
| MEXC W_USDTshort | +0.0100% | 4h | 0.01175 | −2.804% | $12.3M | $1.2M | 50x | |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01173 | −2.978% | $382K | $176K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01174 | −2.895% | $1.3M | $555K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01174 | −2.887% | — | $6.6M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01171 | −3.167% | $69K | $20K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01174 | −2.895% | $126K | $365K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01175 | −2.838% | $59K | $395K | 5x | as long as short |
| Backpack W_USDC_PERP | +0.0179% | 1h | 0.01176 | −2.696% | $45K | $48K | 15x | as long as short |
| Coinbase International W-PERP-INTX | +0.0640% | 1h | 0.01179 | −2.440% | $13K | $11K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0883% | 1h | 0.01179 | −2.497% | $147K | $48K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Backpack W_USDC_PERP
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD