Funding you earn now, next payment 00:00 UTC−0.0454%/8h= −49.7% APRpaid last 24h +0.080%
Price spread now: Kraken Futures against MEXC+0.117%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Kraken Futures is 0.117% dearer against MEXC than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC KSM_USDT | 4.6180 | 0.0100 | pay 0.0100% / 8h | 23m 03s | $763K | $245K | 20x |
| Short | Kraken Futures PF_KSMUSD | 4.6234 | −0.0354 | pay 0.0044% / 1h | 23m 03s | $37K | $5K | 20x |
MEXC KSM_USDT
Kraken Futures PF_KSMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$95.41
- Price spread: +0.117% → 0.000%
- $11.66
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$97.75
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 47 min ago; Kraken Futures: no order-book sample. 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 MEXC live order book, 47 min ago | 2.17 bp | 12.6 bp −$13 | 58.1 bp −$581 | 453.2 bp −$45.3K | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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.
KSM on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KSM | −0.0567% | 8h | 4.6190 | +0.021% | $454K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSDshort | −0.0354% | 1h | 4.6234 | +0.117% | $37K | $5K | 20x | |
| OKX KSM-USDT-SWAP | −0.0192% | 4h | 4.6150 | −0.065% | $756K | $657K | 20x | as long as short |
| BloFin KSM-USDT | +0.0074% | 8h | 4.6210 | +0.065% | $114K | $19K | 50x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6220 | +0.087% | $2.0M | $2.9M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6120 | −0.130% | $2.2M | $716K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6190 | +0.022% | $89K | $39K | 33x | as long as short |
| MEXC KSM_USDTlong | +0.0100% | 8h | 4.6180 | long leg | $763K | $245K | 20x | |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6260 | +0.173% | $516K | $52K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6290 | +0.238% | $494K | $238K | 50x | as long as short |
Variational Omni KSM
OKX KSM-USDT-SWAP
BloFin KSM-USDT
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KSM-USDT | +0.0100% | 8h | 4.6170 | −0.022% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6211 | +0.066% | $78K | $261K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD