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: Kraken Futures against MEXC+0.023%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.023% dearer against MEXC than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

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

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 +0.023%Rate

Funding earned: −$19.95
Price spread: +0.023% → 0.000%: $2.25
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$31.69
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 61 min ago; Kraken Futures: no order-book sample. 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 MEXC live order book, 61 min ago	1.49 bp	8.8 bp −$9	75.7 bp −$757	276.2 bp −$27.6K	537.7 bp −$268.9K
Sell Kraken Futures no order-book sample	—	—	—	—	—

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_ANIMEUSDshort	+0.0005%	1h	0.003361	+0.023%	$33K	$1K	10x
Hyperliquid ANIME	+0.0100%	1h	0.003359	−0.030%	$292K	$87K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003359	−0.028%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003361	+0.018%	$1.3M	$1.6M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003360	0.000%	$700K	$273K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003359	−0.030%	$429K	$517K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003356	−0.119%	$139K	$58K	25x	as long as short
MEXC ANIME_USDTlong	+0.0100%	4h	0.003360	long leg	$209K	$89K	20x
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003357	−0.089%	$436K	$57K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003360	0.000%	$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	−0.030%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003360	+0.012%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003356	−0.119%	$820	—	100x	as long as short