Funding you earn now, next payment 04:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.49 per $10,000 · paid last 24h +0.005%
Price spread now: Binance against MEXC−0.030%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 7 days+0.034%+$3 · spread now −0.030%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.030% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC KERNEL_USDT | 0.06640 | −1.3938 | get 0.6969% / 4h | 57m 52s | $1.3M | $2.5M | 20x |
| Short | Binance KERNELUSDT | 0.06638 | −1.4037 | pay 0.7018% / 4h | 57m 52s | $4.3M | $67.0M | 25x |
MEXC KERNEL_USDT
Binance KERNELUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$20.69
- Price spread: −0.030% → 0.000%
- −$3
- Slippage, 4 orders
- −$34.58
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$72.27
- Costs to cover
- 0.486%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 14 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, 4 min ago | 2.27 bp | 7.7 bp −$8 | 17.8 bp −$178 | 206.7 bp −$20.7K | 503.1 bp −$251.6K |
| Sell Binance live order book, 14 min ago | 0.76 bp | 14.8 bp −$15 | 71.1 bp −$711 | doesn't fit | 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 | −2.2561% | 4h | 0.06670 | +0.452% | $2.3M | $13.9M | 20x | as long as short |
| BingX KERNEL-USDT | −2.0348% | 4h | 0.06644 | +0.060% | — | $7.3M | — | as long as short |
| Variational Omni KERNEL | −1.9602% | 4h | 0.06640 | +0.002% | $13K | $37K | — | as long as short |
| KuCoin KERNELUSDTM | −1.4498% | 4h | 0.06619 | −0.316% | $282K | $531K | 30x | as long as short |
| Binance KERNELUSDTshort | −1.4037% | 4h | 0.06638 | −0.030% | $4.3M | $67.0M | 25x | |
| MEXC KERNEL_USDTlong | −1.3938% | 4h | 0.06640 | long leg | $1.3M | $2.5M | 20x | |
| Gate KERNEL_USDT | −1.3326% | 4h | 0.06639 | −0.015% | $358K | $1.8M | 50x | as long as short |
| Bitget KERNELUSDT | −1.3064% | 4h | 0.06617 | −0.346% | $1.1M | $7.4M | 25x | as long as short |
Bybit KERNELUSDT
BingX KERNEL-USDT
Variational Omni KERNEL
KuCoin KERNELUSDTM
Gate KERNEL_USDT
Bitget KERNELUSDT