Funding you earn now, next payment 12:00 UTC+0.0205%/8h= +22.4% APRpaid last 24h −0.019%
Price spread now: MEXC against Kraken Futures−0.044%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.179%−$18 · spread now −0.044%, 7d avg −0.012%
=Funding pays, the price is against you. MEXC is 0.032% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of −0.012%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ADAUSD | 0.2447 | −0.0105 | get 0.0013% / 1h | 52m 02s | $6.2M | $12.8M | 50x |
| Short | MEXC ADA_USDT | 0.2446 | 0.0100 | get 0.0100% / 8h | 4h 52m | $50.8M | $69.2M | 300x |
Kraken Futures PF_ADAUSD
MEXC ADA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Kraken Futures. 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
- $43.04
- Price spread: −0.044% → −0.012%
- −$3.23
- Slippage, 4 orders
- −$13.01
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $16.8
- Costs to cover
- 0.230%
- Break-even
- 4.3 days
Slippage from Kraken Futures: live order book, 5 min ago; MEXC: live order book, 5 min ago.
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 Kraken Futures live order book, 5 min ago | 2.04 bp | 10.6 bp −$11 | 13.9 bp −$139 | 40.7 bp −$4,074 | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.04 bp | 2.0 bp −$2 | 2.0 bp −$20 | 14.3 bp −$1,430 | 47.2 bp −$23.6K |
ADA on 37 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ADAUSDlong | −0.0105% | 1h | 0.2447 | long leg | $6.2M | $12.8M | 50x | |
| dYdX ADA-USD | 0.0000% | 1h | 0.2446 | −0.046% | $206K | $6K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2447 | −0.004% | $212K | $7.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2446 | −0.038% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.977% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2448 | +0.029% | $2.4M | $923K | 10x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2450 | +0.103% | $2K | $102K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2446 | −0.027% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2447 | −0.020% | $157K | $150K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2447 | −0.009% | $105.0M | $377.0M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Phoenix ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2445 | −0.085% | $74.2M | $121.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2446 | −0.044% | $32.2M | $104.5M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2445 | −0.085% | $100.9M | $58.0M | 75x | as long as short |
| MEXC ADA_USDTshort | +0.0100% | 8h | 0.2446 | −0.044% | $50.8M | $69.2M | 300x | |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2447 | +0.001% | $29.4M | $14.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2446 | −0.044% | $67.1M | $49.2M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2446 | −0.044% | — | $18.2M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2447 | +0.005% | $136K | $447K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2450 | +0.113% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2452 | +0.187% | $65K | $290K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2452 | +0.201% | $290K | $3.6M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2453 | +0.242% | $67K | $898K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2446 | −0.040% | $91K | $1.5M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2446 | −0.044% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2448 | +0.030% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2448 | +0.039% | $8K | $659K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2447 | +0.001% | $337 | $6K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2447 | +0.006% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2447 | −0.004% | $47.3M | $7.4M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2445 | −0.097% | $19K | $589 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2447 | −0.018% | $543K | $1.7M | 50x | as long as short |
| Hyperliquid ADA | +0.0132% | 1h | 0.2448 | +0.054% | $43.6M | $17.1M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0216% | 1h | 0.2453 | +0.242% | $408K | $7.8M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2446 | −0.044% | $4.6M | $5.5M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0240% | 1h | 0.2448 | +0.029% | $572K | $836K | 50x | as long as short |
| Reya ADARUSDPERP | +0.0268% | 1h | 0.2446 | −0.054% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0367% / S −0.0294% | 1h | 0.2446 | −0.041% | $87K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Hyperliquid ADA
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Deribit ADA_USDC-PERPETUAL
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]