Funding you earn now, next payment 22:00 UTC+0.0711%/8h= +77.9% APRpaid last 24h −0.005%
Price spread now: MEXC against Kraken Futures−0.142%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$540.537% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.142%, 7d avg −0.084%
=Funding pays, the price is against you. MEXC is 0.058% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.142% now, against its 7-day average of −0.084%). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.104% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% 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_FILUSD | 0.9810 | −0.0624 | get 0.0078% / 1h | 7m 49s | $1.4M | $2.2M | 50x |
| Short | MEXC FIL_USDC | 0.9796 | 0.0087 | get 0.0087% / 8h | 2h 07m | $249K | $106K | 50x |
Kraken Futures PF_FILUSD
MEXC FIL_USDCFunding 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
- $149.4
- Price spread: −0.142% → −0.084%
- −$5.79
- Slippage, 4 orders
- −$43.69
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $89.91
- Costs to cover
- 0.537%
- Break-even
- 2.8 days
Slippage from Kraken Futures: live order book, 1 min ago; MEXC: live order book, 5 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, 1 min ago | 2.55 bp | 19.4 bp −$19 | 34.8 bp −$348 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.53 bp | 10.3 bp −$10 | 25.9 bp −$259 | 77.2 bp −$7,717 | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.1175% | 1h | 0.9813 | +0.031% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSDlong | −0.0624% | 1h | 0.9810 | long leg | $1.4M | $2.2M | 50x | |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9856 | +0.469% | $315K | $1.9M | 50x | as long as short |
| Lighter FIL | −0.0312% | 1h | 0.9797 | −0.136% | $156K | $337K | 5x | as long as short |
| Bybit FILUSDT | −0.0035% | 8h | 0.9808 | −0.020% | $15.4M | $17.9M | 25x | as long as short |
| Bitget FILUSDT | −0.0030% | 8h | 0.9804 | −0.061% | $10.8M | $21.4M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9810 | 0.000% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9807 | −0.034% | $57K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0020% | 8h | 0.9805 | −0.050% | $18.1M | $95.6M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0023% | 8h | 0.9805 | −0.050% | $7.4M | $7.0M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Lighter FIL
Bybit FILUSDT
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
KuCoin FILUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9850 | +0.408% | $2K | $182K | 12x | as long as short |
| Variational Omni FIL | +0.0037% | 8h | 0.9797 | −0.129% | $435K | $276K | — | as long as short |
| MEXC FIL_USDCshort | +0.0087% | 8h | 0.9796 | −0.142% | $249K | $106K | 50x | |
| Binance FILUSDT | +0.0088% | 8h | 0.9806 | −0.038% | $56.4M | $174.6M | 75x | as long as short |
| Extended FIL-USD | +0.0088% | 1h | 0.9805 | −0.051% | $685K | $2.3M | 10x | as long as short |
| Hyperliquid FIL | +0.0094% | 1h | 0.9807 | −0.031% | $8.6M | $9.5M | 5x | as long as short |
| BingX FIL-USDC | +0.0098% | 8h | 0.9806 | −0.040% | — | $6.5M | — | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9806 | −0.036% | $485K | $514K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9806 | −0.040% | $7.8M | $16.4M | 50x | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9795 | −0.152% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9798 | −0.121% | $287K | $801K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9810 | +0.001% | $30K | $198K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9814 | +0.044% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9800 | −0.101% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9806 | −0.040% | $474 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9812 | +0.021% | $621K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9810 | +0.001% | $1.0M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0208% | 8h | 0.9798 | −0.122% | $2.6M | $640K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0624% / S −0.0759% | 1h | 0.9810 | +0.005% | $217K | — | 100x | as long as short |
Injective FIL/USDC PERP
Variational Omni FIL
Binance FILUSDT
Extended FIL-USD
Hyperliquid FIL
BingX FIL-USDC
Aster FILUSDT
Gate FIL_USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]