Funding you earn now, next payment 04:00 UTC+0.1900%/8h= +208.0% APRnext payment +$9.50 per $10,000 · paid last 24h +0.526%
Price spread now: Bitget against MEXC+0.229%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$860.860% of the position
Funding, last 7 days+0.535%+$54 on $10k
+Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.229%, 7d avg +0.028%
=Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and Bitget is 0.200% dearer against MEXC than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.028%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.535% in total (about 27.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.50 per $10,000. 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 | MEXC KERNEL_USDT | 0.06561 | −0.9486 | get 0.4743% / 4h | 2h 12m | $1.4M | $1.6M | 20x |
| Short | Bitget KERNELUSDT | 0.06576 | −0.7586 | pay 0.3793% / 4h | 2h 12m | $768K | $4.8M | 25x |
MEXC KERNEL_USDT
Bitget KERNELUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $399
- Price spread: +0.229% → +0.028%
- $20.04
- Slippage, 4 orders
- −$69.99
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $333.06
- Costs to cover
- 0.860%
- Break-even
- 1.2 days
Slippage from MEXC: live order book, 4 min ago; Bitget: 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 MEXC live order book, 4 min ago | 2.27 bp | 13.6 bp −$14 | 20.4 bp −$204 | 229.2 bp −$22.9K | doesn't fit |
| Sell Bitget live order book, 5 min ago | 9.87 bp | 26.7 bp −$27 | doesn't fit | 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 | −2.0624% | 4h | 0.06591 | +0.457% | $1.9M | $9.8M | 20x | as long as short |
| BingX KERNEL-USDT | −1.8669% | 4h | 0.06579 | +0.274% | — | $7.0M | — | as long as short |
| Variational Omni KERNEL | −1.2327% | 4h | 0.06680 | +1.810% | $11K | $24K | — | as long as short |
| Gate KERNEL_USDT | −1.1118% | 4h | 0.06557 | −0.061% | $257K | $1.0M | 50x | as long as short |
| KuCoin KERNELUSDTM | −1.0528% | 4h | 0.06559 | −0.030% | $264K | $422K | 30x | as long as short |
| Binance KERNELUSDT | −0.9604% | 4h | 0.06561 | −0.004% | $3.8M | $43.0M | 25x | as long as short |
| MEXC KERNEL_USDTlong | −0.9486% | 4h | 0.06561 | long leg | $1.4M | $1.6M | 20x | |
| Bitget KERNELUSDTshort | −0.7586% | 4h | 0.06576 | +0.229% | $768K | $4.8M | 25x |
Bybit KERNELUSDT
BingX KERNEL-USDT
Variational Omni KERNEL
Gate KERNEL_USDT
KuCoin KERNELUSDTM
Binance KERNELUSDT