Funding you earn now, next payment 03:00 UTC−0.0524%/8h= −57.4% APRpaid last 24h −0.182%
Price spread now: MEXC against Kraken Futures−0.048%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 −$16 a day on $10k at the current rate, and MEXC is 0.048% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 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_IDUSD | 0.03800 | 0.0624 | pay 0.0078% / 1h | 31m 44s | $4K | $2K | 10x |
| Short | MEXC ID_USDT | 0.03798 | 0.0100 | get 0.0050% / 4h | 1h 31m | $409K | $189K | 20x |
Kraken Futures PF_IDUSD
MEXC ID_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
- −$110.13
- Price spread: −0.048% → 0.000%
- −$4.85
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$128.98
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 14 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, 14 min ago | 2.64 bp | 9.6 bp −$10 | 25.6 bp −$256 | 118.1 bp −$11.8K | 199.1 bp −$99.5K |
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.
ID on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IDUSDT | +0.0100% | 4h | 0.03802 | +0.052% | $9K | $147 | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03798 | −0.037% | $2.4M | $3.7M | 50x | as long as short |
| Bybit IDUSDT | +0.0100% | 8h | 0.03802 | +0.057% | $1.5M | $1.1M | 25x | as long as short |
| Gate ID_USDT | +0.0100% | 4h | 0.03801 | +0.030% | $251K | $241K | 25x | as long as short |
| MEXC ID_USDTshort | +0.0100% | 4h | 0.03798 | −0.048% | $409K | $189K | 20x | |
| KuCoin IDUSDTM | +0.0100% | 4h | 0.03797 | −0.075% | $1.1M | $65K | 30x | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03784 | −0.423% | $12K | $20K | — | as long as short |
| BingX ID-USDT | +0.0114% | 4h | 0.03801 | +0.030% | — | $2.3M | — | as long as short |
| Bitget IDUSDT | +0.0120% | 4h | 0.03804 | +0.109% | $818K | $635K | 50x | as long as short |
| BloFin ID-USDT | +0.0150% | 4h | 0.03797 | −0.075% | $161K | $14K | 50x | as long as short |
Aster IDUSDT
Binance IDUSDT
Bybit IDUSDT
Gate ID_USDT
KuCoin IDUSDTM
Variational Omni ID
BingX ID-USDT
Bitget IDUSDT
BloFin ID-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSDlong | +0.0624% | 1h | 0.03800 | long leg | $4K | $2K | 10x |