Funding you earn now, next payment 06:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h +0.045%
Price spread now: MEXC against Kraken Futures−0.382%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and MEXC is 0.382% cheaper against Kraken Futures than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_COOKIEUSD | 0.01245 | 0.0440 | pay 0.0055% / 1h | 37m 11s | $12K | $40K | 10x |
| Short | MEXC COOKIE_USDT | 0.01240 | 0.0100 | get 0.0050% / 4h | 2h 37m | $618K | $368K | 100x |
Kraken Futures PF_COOKIEUSD
MEXC COOKIE_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
- −$71.38
- Price spread: −0.382% → 0.000%
- −$38.15
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$123.53
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 3 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, 3 min ago | 12.01 bp | 17.7 bp −$18 | 97.6 bp −$976 | 498.6 bp −$49.9K | doesn't fit |
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.
COOKIE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit COOKIEUSDT | +0.0074% | 4h | 0.01242 | −0.245% | $862K | $1.5M | 25x | as long as short |
| Binance COOKIEUSDT | +0.0100% | 4h | 0.01242 | −0.182% | $2.1M | $9.6M | 20x | as long as short |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01246 | +0.101% | $124K | $234K | 25x | as long as short |
| MEXC COOKIE_USDTshort | +0.0100% | 4h | 0.01240 | −0.382% | $618K | $368K | 100x | |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01242 | −0.221% | $225K | $161K | 20x | as long as short |
| Bitget COOKIEUSDT | +0.0100% | 4h | 0.01243 | −0.141% | $360K | $311K | 5x | as long as short |
| BingX COOKIE-USDT | +0.0100% | 4h | 0.01245 | −0.012% | — | $6.5M | — | as long as short |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01259 | +1.160% | $12K | $20K | — | as long as short |
| Kraken Futures PF_COOKIEUSDlong | +0.0440% | 1h | 0.01245 | long leg | $12K | $40K | 10x |
Bybit COOKIEUSDT
Binance COOKIEUSDT
Gate COOKIE_USDT
KuCoin COOKIEUSDTM
Bitget COOKIEUSDT
BingX COOKIE-USDT
Variational Omni COOKIE