Funding arb · Price arb /

ALGO

all ALGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0163%/8h= +17.9% APRpaid last 24h −0.045%

Price spread now: Kraken Futures against MEXC−0.100%7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$550.555% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

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%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.163% cheaper against MEXC than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of +0.062%). If the spread goes back, that is −$16 on $10k: about 3.3 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.340%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALGO_USDT	0.1113	0.0100	pay 0.0100% / 8h	6h 44m	$22.8M	$3.0M	200x
Short	Kraken Futures PF_ALGOUSD	0.1111	0.0263	get 0.0033% / 1h	44m 44s	$825K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Kraken FuturesbpOrdersPrice spread, now −0.100%Rate

Funding earned: $34.26
Price spread: −0.100% → +0.062%: −$16.27
Slippage, 4 orders: −$45.48
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$37.5
Costs to cover: 0.555%
Break-even: 14.7 days

Slippage from MEXC: live order book, 9 min ago; Kraken Futures: live order book, 4 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 MEXC live order book, 9 min ago	0.45 bp	3.3 bp −$3	15.6 bp −$156	453.6 bp −$45.4K	doesn't fit
Sell Kraken Futures live order book, 4 min ago	10.76 bp	25.0 bp −$25	50.1 bp −$501	doesn't fit	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	−0.126%	$101K	$49K	25x	as long as short
Coinbase International ALGO-PERP-INTX	−0.0064%	1h	0.1113	−0.009%	$86K	$273K	50x	as long as short
Variational Omni ALGO	−0.0029%	8h	0.1111	−0.105%	$61K	$12K	—	as long as short
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	0.1113	+0.010%	$6K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+0.665%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1113	+0.057%	$3.6M	$2.0M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1112	−0.020%	$44K	$38K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1112	−0.018%	$9.9M	$35.0M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1112	−0.045%	$11.4M	$12.3M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1113	−0.009%	$2.9M	$7.6M	50x	as long as short

Show 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	−0.171%	$871K	$843K	50x	as long as short
MEXC ALGO_USDTlong	+0.0100%	8h	0.1113	long leg	$22.8M	$3.0M	200x
KuCoin ALGOUSDTM	+0.0100%	8h	0.1112	−0.054%	$3.5M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1112	−0.054%	$5.6M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1111	−0.117%	—	$3.4M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1112	−0.018%	$60K	$144K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1113	+0.036%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1111	−0.111%	$8K	$229K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1117	+0.369%	$489K	$801K	75x	as long as short
Kraken Futures PF_ALGOUSDshort	+0.0263%	1h	0.1111	−0.100%	$825K	$1.1M	50x
GMX ALGO/USD [WBTC.b-USDC]	L +0.0342% / S −0.0313%	1h	0.1112	−0.018%	$7K	—	100x	as long as short
dYdX ALGO-USD	+0.1513%	1h	0.1112	−0.056%	$160K	$4K	5x	as long as short