Funding you earn now, next payment 01:00 UTC−0.1363%/8h= −149.3% APRpaid last 24h +0.103%
Price spread now: Kraken Futures against MEXC+0.166%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as 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%
=The price spread pays, funding is against you. Kraken Futures is 0.070% dearer against MEXC than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of +0.096%): +$7 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.225%, so the current rate has only just turned against you.
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 | MEXC FET_USDT | 0.2045 | 0.0100 | pay 0.0100% / 8h | 7h 05m | $34.4M | $25.1M | 200x |
| Short | Kraken Futures PF_FETUSD | 0.2048 | −0.1263 | pay 0.0158% / 1h | 5m 47s | $996K | $2.2M | 50x |
MEXC FET_USDT
Kraken Futures PF_FETUSDFunding 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
- −$286.28
- Price spread: +0.166% → +0.096%
- $7.02
- Slippage, 4 orders
- −$48.12
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$337.38
- Costs to cover
- 0.581%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Kraken Futures: 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 MEXC live order book, 3 min ago | 2.43 bp | 4.0 bp −$4 | 8.8 bp −$88 | 46.5 bp −$4,649 | 183.5 bp −$91.8K |
| Sell Kraken Futures live order book, 3 min ago | 11.16 bp | 29.5 bp −$29 | 63.0 bp −$630 | doesn't fit | doesn't fit |
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 | −0.098% | $29K | $223K | 10x | as long as short |
| Kraken Futures PF_FETUSDshort | −0.1263% | 1h | 0.2048 | +0.166% | $996K | $2.2M | 50x | |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2059 | +0.685% | $151K | $215K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2046 | +0.071% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.711% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2047 | +0.089% | $340K | $544K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2045 | +0.022% | $31.9M | $110.7M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2046 | +0.049% | $2.8M | $12.5M | 50x | as long as short |
| MEXC FET_USDTlong | +0.0100% | 8h | 0.2045 | long leg | $34.4M | $25.1M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2048 | +0.147% | $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 | −0.043% | $359K | $400K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2043 | −0.098% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2046 | +0.040% | $34K | $244K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2045 | −0.011% | $14K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0220% | 4h | 0.2047 | +0.098% | $1.0M | $8.1M | 20x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2054 | +0.440% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0277% | 8h | 0.2046 | +0.049% | — | $5.7M | — | as long as short |
| Bitget FETUSDT | +0.0286% | 8h | 0.2048 | +0.147% | $16.5M | $11.6M | 75x | as long as short |
| Hyperliquid FET | +0.0346% | 1h | 0.2049 | +0.176% | $9.2M | $8.3M | 5x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2059 | +0.685% | $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