Funding you earn now, next payment 01:00 UTC+0.1363%/8h= +149.3% APRpaid last 24h −0.103%
Price spread now: MEXC against Kraken Futures−0.166%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 7 days−0.225%−$22 on $10k
+Price spread, last 3 days (all we have)+0.184%+$18 · spread now −0.166%, 7d avg −0.096%
=Funding pays, the price is against you. MEXC is 0.070% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of −0.096%). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$41 a day). Mind the row above: over the last 7 days funding on this pair cost −0.225%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.225% in total (about -11.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FETUSD | 0.2048 | −0.1263 | get 0.0158% / 1h | 5m 49s | $996K | $2.2M | 50x |
| Short | MEXC FET_USDT | 0.2045 | 0.0100 | get 0.0100% / 8h | 7h 05m | $34.4M | $25.1M | 200x |
Kraken Futures PF_FETUSD
MEXC FET_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
- $286.28
- Price spread: −0.166% → −0.096%
- −$6.99
- Slippage, 4 orders
- −$48.12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $221.17
- Costs to cover
- 0.581%
- Break-even
- 1.6 days
Slippage from Kraken Futures: live order book, 3 min ago; MEXC: live order book, 3 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 Kraken Futures live order book, 3 min ago | 11.16 bp | 20.1 bp −$20 | 65.7 bp −$657 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.43 bp | 4.6 bp −$5 | 9.9 bp −$99 | 50.9 bp −$5,091 | 192.7 bp −$96.4K |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.4621% | 1h | 0.2043 | −0.264% | $29K | $223K | 10x | as long as short |
| Kraken Futures PF_FETUSDlong | −0.1263% | 1h | 0.2048 | long leg | $996K | $2.2M | 50x | |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2059 | +0.518% | $151K | $215K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2046 | −0.095% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.875% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2047 | −0.077% | $340K | $544K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2045 | −0.144% | $31.9M | $110.7M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2046 | −0.117% | $2.8M | $12.5M | 50x | as long as short |
| MEXC FET_USDTshort | +0.0100% | 8h | 0.2045 | −0.166% | $34.4M | $25.1M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2048 | −0.019% | $10.9M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2044 | −0.209% | $359K | $400K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2043 | −0.264% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2046 | −0.125% | $34K | $244K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2045 | −0.177% | $14K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0220% | 4h | 0.2047 | −0.068% | $1.0M | $8.1M | 20x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2054 | +0.273% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0277% | 8h | 0.2046 | −0.117% | — | $5.7M | — | as long as short |
| Bitget FETUSDT | +0.0286% | 8h | 0.2048 | −0.019% | $16.5M | $11.6M | 75x | as long as short |
| Hyperliquid FET | +0.0346% | 1h | 0.2049 | +0.010% | $9.2M | $8.3M | 5x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2059 | +0.518% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET