Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0171%/8h= +18.8% APRpaid last 24h +0.062%

Price spread now: Injective against MEXC−0.101%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.399%+$40 on $10k

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. Injective is 0.101% cheaper against MEXC than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 47 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1478	−0.0138	get 0.0069% / 4h	3h 40m	$6.8M	$132K	100x
Short	Injective EURUSD/USDC PERP	1.1466	0.0033	get 0.0004% / 1h	40m 31s	$9K	$78K	101x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. 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 MEXCbpFee InjectivebpOrdersPrice spread, now −0.101%Rate

Funding earned: $35.98
Price spread: −0.101% → 0.000%: −$10.11
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $17.85
Costs to cover: 0.080%
Break-even: 3.5 days

Slippage unknown: MEXC: live order book, 2 min ago; Injective: no order-book sample. 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 MEXC live order book, 2 min ago	0.87 bp	4.9 bp −$5	4.9 bp −$49	34.0 bp −$3,404	156.0 bp −$78.0K
Sell Injective no order-book sample	—	—	—	—	—

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.

EUR on 18 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
Hibachi EUR/USDT-P	−0.0200%	1h	1.1471	−0.057%	$165K	$8.3M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1473	−0.042%	$3K	—	50x	as long as short
MEXC EUR_USDTlong	−0.0138%	4h	1.1478	long leg	$6.8M	$132K	100x
Lighter EURUSD	0.0000%	1h	1.1485	+0.062%	$2.1M	$415K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1480	+0.017%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1479	+0.009%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1477	−0.009%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1474	−0.035%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1482	+0.035%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1482	+0.035%	$12K	$264K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0016%	1h	1.1478	−0.003%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1475	−0.030%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERPshort	+0.0033%	1h	1.1466	−0.101%	$9K	$78K	101x
Vest EUR-USD-PERP	+0.0046%	1h	1.1506	+0.246%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	0.000%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1482	+0.034%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0144%	1h	1.1482	+0.035%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0189%	1h	1.1480	+0.017%	$23.3M	$1.7M	50x	as long as short