Funding arb · Price arb /

ANIME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.126%

Price spread now: MEXC against Kraken Futures−0.023%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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. MEXC is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ANIMEUSD	0.003361	0.0005	pay 0.0001% / 1h	30m 14s	$33K	$1K	10x
Short	MEXC ANIME_USDT	0.003360	0.0100	get 0.0050% / 4h	3h 30m	$209K	$89K	20x

Funding 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 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now −0.023%Rate

Funding earned: $19.95
Price spread: −0.023% → 0.000%: −$2.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: $3.69
Costs to cover: 0.140%
Break-even: 5.7 days

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 61 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell MEXC live order book, 61 min ago	1.49 bp	9.4 bp −$9	74.0 bp −$740	268.1 bp −$26.8K	531.9 bp −$266.0K

Kraken Futures: 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.

ANIME on 13 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
Kraken Futures PF_ANIMEUSDlong	+0.0005%	1h	0.003361	long leg	$33K	$1K	10x
Hyperliquid ANIME	+0.0100%	1h	0.003359	−0.052%	$292K	$87K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003359	−0.050%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003361	−0.005%	$1.3M	$1.6M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003360	−0.023%	$700K	$273K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003359	−0.052%	$429K	$517K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003356	−0.142%	$139K	$58K	25x	as long as short
MEXC ANIME_USDTshort	+0.0100%	4h	0.003360	−0.023%	$209K	$89K	20x
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003357	−0.112%	$436K	$57K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003360	−0.023%	$851K	$147K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003359	−0.052%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003360	−0.010%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003356	−0.142%	$820	—	100x	as long as short