Funding you earn now, next payment 00:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.001%
Price spread now: MEXC against Binance+0.042%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$830.835% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.042%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and MEXC is 0.041% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KERNELUSDT | 0.04728 | −0.0935 | get 0.0468% / 4h | 2h 41m | $1.6M | $20.7M | 25x |
| Short | MEXC KERNEL_USDT | 0.04730 | −0.0924 | pay 0.0462% / 4h | 2h 41m | $974K | $710K | 20x |
Binance KERNELUSDT
MEXC KERNEL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. 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
- $2.36
- Price spread: +0.042% → +0.002%
- $4.07
- Slippage, 4 orders
- −$69.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$77.08
- Costs to cover
- 0.835%
- Break-even
- 236.0 days
Slippage from Binance: live order book, 14 min ago; MEXC: live order book, 43 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 Binance live order book, 14 min ago | 3.17 bp | 27.6 bp −$28 | 120.0 bp −$1,200 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 43 min ago | 2.11 bp | 16.5 bp −$17 | 22.3 bp −$223 | 226.0 bp −$22.6K | doesn't fit |
KERNEL on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit KERNELUSDT | −0.1042% | 4h | 0.04730 | +0.042% | $835K | $5.1M | 20x | as long as short |
| BingX KERNEL-USDT | −0.1022% | 4h | 0.04734 | +0.127% | — | $6.7M | — | as long as short |
| Variational Omni KERNEL | −0.0956% | 4h | 0.04729 | +0.022% | $9K | $12K | — | as long as short |
| Binance KERNELUSDTlong | −0.0935% | 4h | 0.04728 | long leg | $1.6M | $20.7M | 25x | |
| MEXC KERNEL_USDTshort | −0.0924% | 4h | 0.04730 | +0.042% | $974K | $710K | 20x | |
| Bitget KERNELUSDT | −0.0386% | 4h | 0.04730 | +0.042% | $401K | $2.5M | 25x | as long as short |
| Gate KERNEL_USDT | −0.0258% | 4h | 0.04730 | +0.042% | $142K | $544K | 50x | as long as short |
| KuCoin KERNELUSDTM | −0.0240% | 4h | 0.04721 | −0.148% | $196K | $300K | 30x | as long as short |
Bybit KERNELUSDT
BingX KERNEL-USDT
Variational Omni KERNEL
Bitget KERNELUSDT
Gate KERNEL_USDT
KuCoin KERNELUSDTM