Funding you earn now, next payment 02:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.174%
Price spread now: MEXC against Backpack−0.127%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.601%−$60 on $10k
+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 −$3 a day on $10k at the current rate, and MEXC is 0.127% cheaper against Backpack than usual: you would sell low and buy high (−$13 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 | Backpack KMNO_USDC_PERP | 0.03388 | 0.0197 | pay 0.0025% / 1h | 6m 31s | $86K | $68K | 5x |
| Short | MEXC KMNO_USDT | 0.03384 | 0.0100 | get 0.0050% / 4h | 2h 06m | $1.0M | $1.1M | 125x |
Backpack KMNO_USDC_PERP
MEXC KMNO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Backpack. 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
- −$20.29
- Price spread: −0.127% → 0.000%
- −$12.69
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$46.98
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; MEXC: live order book, 5 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 Backpack no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 5 min ago | 1.48 bp | 10.9 bp −$11 | 32.0 bp −$320 | 213.8 bp −$21.4K | doesn't fit |
Backpack: 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.
KMNO on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KMNOUSDT | +0.0100% | 4h | 0.03385 | −0.097% | $3.4M | $31.8M | 50x | as long as short |
| Bybit KMNOUSDT | +0.0100% | 4h | 0.03383 | −0.156% | $1.6M | $4.8M | 25x | as long as short |
| OKX KMNO-USDT-SWAP | +0.0100% | 4h | 0.03382 | −0.186% | $615K | $11.4M | 20x | as long as short |
| Gate KMNO_USDT | +0.0100% | 4h | 0.03383 | −0.156% | $134K | $369K | 50x | as long as short |
| MEXC KMNO_USDTshort | +0.0100% | 4h | 0.03384 | −0.127% | $1.0M | $1.1M | 125x | |
| Bitget KMNOUSDT | +0.0100% | 4h | 0.03386 | −0.068% | $885K | $3.3M | 50x | as long as short |
| BingX KMNO-USDT | +0.0100% | 4h | 0.03382 | −0.186% | — | $1.5M | — | as long as short |
| Variational Omni KMNO | +0.0100% | 4h | 0.03378 | −0.292% | $27K | $108K | — | as long as short |
| Backpack KMNO_USDC_PERPlong | +0.0197% | 1h | 0.03388 | long leg | $86K | $68K | 5x |
Binance KMNOUSDT
Bybit KMNOUSDT
OKX KMNO-USDT-SWAP
Gate KMNO_USDT
Bitget KMNOUSDT
BingX KMNO-USDT
Variational Omni KMNO