Funding you earn now, next payment 05:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h −0.292%
Price spread now: Kraken Futures against MEXC+0.080%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 0.080% dearer against MEXC than usual: you sell high and buy low (spread +0.080% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC AUCTION_USDT | 3.7040 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $440K | $143K | 20x |
| Short | Kraken Futures PF_AUCTIONUSD | 3.7070 | −0.0170 | pay 0.0021% / 1h | 29m 46s | $8K | $272 | 10x |
MEXC AUCTION_USDT
Kraken Futures PF_AUCTIONUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$56.74
- Price spread: +0.080% → 0.000%
- $7.97
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$62.77
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 11 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, 11 min ago | 1.35 bp | 11.8 bp −$12 | 50.7 bp −$507 | 99.3 bp −$9,934 | 272.5 bp −$136.3K |
| 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.
AUCTION on 11 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_AUCTIONUSDshort | −0.0170% | 1h | 3.7070 | +0.080% | $8K | $272 | 10x | |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.7060 | +0.054% | $925 | $3K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.7047 | +0.020% | $2.4M | $1.6M | 50x | as long as short |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.7100 | +0.162% | $592K | $268K | 25x | as long as short |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.7060 | +0.054% | $786K | $708K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.7070 | +0.081% | $105K | $68K | 50x | as long as short |
| MEXC AUCTION_USDTlong | +0.0100% | 4h | 3.7040 | long leg | $440K | $143K | 20x | |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.7060 | +0.054% | $370K | $110K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.7060 | +0.054% | $374K | $153K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.7050 | +0.027% | — | $12.3M | — | as long as short |
Aster AUCTIONUSDT
Binance AUCTIONUSDT
Bybit AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDT
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.7119 | +0.212% | $172 | $38 | — | as long as short |
Variational Omni AUCTION