MEXC and Pacifica both quote 19 of the same perpetual markets, so a delta-neutral position can be split across the two and collect the difference in their funding. The widest spread on a market with real depth is SOL — long MEXC / short Pacifica at 16.6% net APR — but the median across all shared markets is 6.7%, which is the number worth planning around.

The long leg is whichever venue prices funding lower for that market. It is a property of the MARKET, not of the exchange, and it flips as rates move: here 17 markets go long on MEXC and 2 on Pacifica. 13 markets clear 5% net APR, 4 clear 10%.

MEXC pays funding every 4h on 267 markets and every 8h on 124 markets; Pacifica pays every 1h on 51 markets. The two clocks differ, so one leg settles while the other is still accruing: a position held for only a few hours can pay one side without ever collecting from the other. MEXC quotes 392 perpetual markets in total and Pacifica quotes 51; the 19 they share are what this page ranks. Across its own book MEXC runs a median funding rate of 7.5% and Pacifica 10.9%, so the edge here comes from individual markets rather than from a standing gap between the venues.

Net APR subtracts entry and exit fees, both legs' bid/ask spread and estimated slippage from the gross funding spread. The 7-day average is historical gross funding for the same pair: a current rate close to it suggests the spread has persisted, one far above it is usually a spike that will decay.