Funding you earn now, next payment 12:00 UTC+0.4835%/8h= +529.4% APRpaid last 24h +2.298%
Price spread now: Kraken Futures against MEXC+0.829%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.126%+$213 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$145 a day on $10k at the current rate, and Kraken Futures is 0.829% dearer against MEXC than usual: you sell high and buy low: +$83 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.126% in total (about 110.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NIGHT_USDT | 0.02346 | 0.0262 | pay 0.0131% / 4h | 49m 43s | $913K | $296K | 100x |
| Short | Kraken Futures PF_NIGHTUSD | 0.02365 | 0.5097 | get 0.0637% / 1h | 49m 43s | $62K | $52K | 25x |
MEXC NIGHT_USDT
Kraken Futures PF_NIGHTUSDFunding 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
- $1,015.28
- Price spread: +0.829% → 0.000%
- $82.86
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1,084.14
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 49 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, 49 min ago | 2.12 bp | 12.7 bp −$13 | 52.4 bp −$524 | 297.7 bp −$29.8K | 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.
NIGHT on 15 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International NIGHT-PERP-INTX | −1.7496% | 1h | 0.02239 | −4.569% | $1K | $74 | 50x | as long as short |
| Injective NIGHT/USDC PERP | +0.0033% | 1h | 0.02435 | +3.794% | $1K | $58K | 5.5x | as long as short |
| BloFin NIGHT-USDT | +0.0090% | 4h | 0.02349 | +0.128% | $267K | $41K | 50x | as long as short |
| Aster NIGHTUSDT | +0.0100% | 4h | 0.02347 | +0.063% | $18K | $36K | 10x | as long as short |
| Binance NIGHTUSDT | +0.0100% | 4h | 0.02346 | 0.000% | $5.1M | $4.6M | 50x | as long as short |
| Bybit NIGHTUSDT | +0.0100% | 4h | 0.02348 | +0.085% | $1.9M | $816K | 50x | as long as short |
| OKX NIGHT-USDT-SWAP | +0.0100% | 4h | 0.02344 | −0.072% | $1.5M | $1.5M | 20x | as long as short |
| Gate NIGHT_USDT | +0.0100% | 8h | 0.02347 | +0.043% | $213K | $173K | 20x | as long as short |
| KuCoin NIGHTUSDTM | +0.0100% | 4h | 0.02346 | +0.021% | $1.3M | $5.4M | 50x | as long as short |
| Bitget NIGHTUSDT | +0.0100% | 4h | 0.02349 | +0.128% | $650K | $371K | 25x | as long as short |
Coinbase International NIGHT-PERP-INTX
Injective NIGHT/USDC PERP
BloFin NIGHT-USDT
Aster NIGHTUSDT
Binance NIGHTUSDT
Bybit NIGHTUSDT
OKX NIGHT-USDT-SWAP
Gate NIGHT_USDT
KuCoin NIGHTUSDTM
Bitget NIGHTUSDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NIGHT-USDT | +0.0100% | 4h | 0.02351 | +0.213% | $2K | $1.2M | 20x | as long as short |
| BingX NIGHT-USDT | +0.0132% | 4h | 0.02347 | +0.043% | — | $6.6M | — | as long as short |
| MEXC NIGHT_USDTlong | +0.0262% | 4h | 0.02346 | long leg | $913K | $296K | 100x | |
| Deribit NIGHT_USDC-PERPETUAL | +0.0601% | 1h | 0.02352 | +0.243% | $96 | $99 | 10x | as long as short |
| Kraken Futures PF_NIGHTUSDshort | +0.5097% | 1h | 0.02365 | +0.829% | $62K | $52K | 25x |
SunX NIGHT-USDT
BingX NIGHT-USDT
Deribit NIGHT_USDC-PERPETUAL