Funding you earn now, next payment 01:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h −3.212%
Price spread now: MEXC against Kraken Futures−0.204%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 −$6 a day on $10k at the current rate, and MEXC is 0.204% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 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_IOTXUSD | 0.003728 | 0.0302 | pay 0.0038% / 1h | 8m 00s | $25K | $8K | 10x |
| Short | MEXC IOTX_USDT | 0.003720 | 0.0100 | get 0.0100% / 8h | 7h 08m | $812K | $439K | 50x |
Kraken Futures PF_IOTXUSD
MEXC IOTX_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
- −$42.34
- Price spread: −0.204% → 0.000%
- −$20.36
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$76.71
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 58 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, 58 min ago | 2.69 bp | 14.7 bp −$15 | 106.7 bp −$1,067 | 286.4 bp −$28.6K | doesn't fit |
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.
IOTX 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 IOTXUSDT | +0.0100% | 1h | 0.003718 | −0.255% | $11K | $15K | 5x | as long as short |
| Binance IOTXUSDT | +0.0100% | 8h | 0.003720 | −0.204% | $2.1M | $5.0M | 50x | as long as short |
| Bybit IOTXUSDT | +0.0100% | 8h | 0.003727 | −0.016% | $374K | $484K | 25x | as long as short |
| Gate IOTX_USDT | +0.0100% | 8h | 0.003721 | −0.177% | $142K | $156K | 50x | as long as short |
| MEXC IOTX_USDTshort | +0.0100% | 8h | 0.003720 | −0.204% | $812K | $439K | 50x | |
| KuCoin IOTXUSDTM | +0.0100% | 8h | 0.003734 | +0.172% | $734K | $81K | 30x | as long as short |
| Bitget IOTXUSDT | +0.0100% | 8h | 0.003726 | −0.043% | $360K | $325K | 50x | as long as short |
| BingX IOTX-USDT | +0.0100% | 8h | 0.003723 | −0.123% | — | $1.6M | — | as long as short |
| Variational Omni IOTX | +0.0100% | 8h | 0.003725 | −0.073% | $3K | $2K | — | as long as short |
| BloFin IOTX-USDT | +0.0115% | 8h | 0.003718 | −0.257% | $197K | $17K | 50x | as long as short |
Aster IOTXUSDT
Binance IOTXUSDT
Bybit IOTXUSDT
Gate IOTX_USDT
KuCoin IOTXUSDTM
Bitget IOTXUSDT
BingX IOTX-USDT
Variational Omni IOTX
BloFin IOTX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTXUSDlong | +0.0302% | 1h | 0.003728 | long leg | $25K | $8K | 10x |