Funding you earn now, next payment 02:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h +0.045%
Price spread now: MEXC against Kraken Futures+0.100%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$550.555% of the position
Funding, last 7 days+0.340%+$34 on $10k
+Price spread, last 3 days (all we have)−0.273%−$27 · spread now +0.100%, 7d avg −0.062%
=The price spread pays, funding is against you. MEXC is 0.163% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of −0.062%): +$16 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.340%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALGOUSD | 0.1111 | 0.0263 | pay 0.0033% / 1h | 44m 44s | $825K | $1.1M | 50x |
| Short | MEXC ALGO_USDT | 0.1113 | 0.0100 | get 0.0100% / 8h | 6h 44m | $22.8M | $3.0M | 200x |
Kraken Futures PF_ALGOUSD
MEXC ALGO_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
- −$34.26
- Price spread: +0.100% → −0.062%
- $16.28
- Slippage, 4 orders
- −$45.48
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$73.46
- Costs to cover
- 0.555%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; MEXC: live order book, 9 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, 4 min ago | 10.76 bp | 22.0 bp −$22 | 41.6 bp −$416 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 9 min ago | 0.45 bp | 5.2 bp −$5 | 79.9 bp −$799 | 572.8 bp −$57.3K | doesn't fit |
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0110% | 1h | 0.1111 | −0.025% | $101K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1113 | +0.091% | $86K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0029% | 8h | 0.1111 | −0.005% | $61K | $12K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1113 | +0.110% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.766% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1113 | +0.157% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1112 | +0.080% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1112 | +0.083% | $9.9M | $35.0M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1112 | +0.056% | $11.4M | $12.3M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1113 | +0.091% | $2.9M | $7.6M | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1111 | −0.070% | $871K | $843K | 50x | as long as short |
| MEXC ALGO_USDTshort | +0.0100% | 8h | 0.1113 | +0.100% | $22.8M | $3.0M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1112 | +0.047% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1112 | +0.047% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1111 | −0.016% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1112 | +0.083% | $60K | $144K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1113 | +0.136% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1111 | −0.010% | $8K | $229K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1117 | +0.469% | $489K | $801K | 75x | as long as short |
| Kraken Futures PF_ALGOUSDlong | +0.0263% | 1h | 0.1111 | long leg | $825K | $1.1M | 50x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0313% | 1h | 0.1112 | +0.083% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1513% | 1h | 0.1112 | +0.044% | $160K | $4K | 5x | as long as short |
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD