Funding you earn now, next payment 05:00 UTC−0.0390%/8h= −42.7% APRpaid last 24h −0.093%
Price spread now: Kraken Futures against MEXC+0.102%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$670.675% of the position
Funding, last 7 days+0.309%+$31 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.102%, 7d avg +0.098%
=The price spread sits at its 7-day average of +0.098%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.309%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ETHFI_USDT | 0.7050 | 0.0086 | pay 0.0043% / 4h | 3h 51m | $16.0M | $4.0M | 125x |
| Short | Kraken Futures PF_ETHFIUSD | 0.7057 | −0.0304 | pay 0.0038% / 1h | 51m 45s | $264K | $209K | 20x |
MEXC ETHFI_USDT
Kraken Futures PF_ETHFIUSDFunding 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
- −$81.87
- Price spread: +0.102% → +0.098%
- $0.4
- Slippage, 4 orders
- −$53.46
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$148.93
- Costs to cover
- 0.675%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 1 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, 2 min ago | 0.71 bp | 5.5 bp −$5 | 13.8 bp −$138 | 76.1 bp −$7,609 | 181.7 bp −$90.8K |
| Sell Kraken Futures live order book, 1 min ago | 7.08 bp | 25.5 bp −$26 | 127.2 bp −$1,272 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.1027% | 4h | 0.7036 | −0.199% | $85K | $171K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0316% | 1h | 0.7057 | +0.099% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | −0.0304% | 1h | 0.7057 | +0.102% | $264K | $209K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0237% | 4h | 0.7055 | +0.071% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0004% | 8h | 0.7044 | −0.082% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.695% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFI | +0.0065% | 4h | 0.7037 | −0.188% | $980K | $703K | — | as long as short |
| MEXC ETHFI_USDTlong | +0.0086% | 4h | 0.7050 | long leg | $16.0M | $4.0M | 125x | |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7050 | +0.002% | $95K | $379K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0088% | 4h | 0.7044 | −0.084% | $24.4M | $35.0M | 75x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Variational Omni ETHFI
Extended ETHFI-USD
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7060 | +0.142% | $1.1M | $841K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7054 | +0.057% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7059 | +0.132% | $180K | $224K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7046 | −0.057% | $17.6M | $12.5M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7053 | +0.043% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7056 | +0.085% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7053 | +0.043% | $1.2M | $229K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7049 | −0.014% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7054 | +0.057% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7071 | +0.298% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7061 | +0.156% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7055 | +0.071% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0327% | 4h | 0.7048 | −0.028% | $1.2M | $244K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7075 | +0.355% | $31K | $6K | 50x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX