Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.2579%/8h= +282.4% APRpaid last 24h +0.839%

Price spread now: Kraken Futures against MEXC−0.150%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Kraken Futures is 0.150% cheaper against MEXC than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 5 hours of funding at the current rate (+$77 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOT_USDT	0.0004882	0.0100	pay 0.0050% / 4h	50m 36s	$1.3M	$470K	200x
Short	Kraken Futures PF_NOTUSD	0.0004875	0.2679	get 0.0335% / 1h	50m 36s	$46K	$8K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee Kraken FuturesbpOrdersPrice spread, now −0.150%Rate

Funding earned: $541.58
Price spread: −0.150% → 0.000%: −$15.02
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $512.57
Costs to cover: 0.140%
Break-even: 0.4 days

Slippage unknown: MEXC: live order book, 4 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, 4 min ago	3.07 bp	9.9 bp −$10	30.2 bp −$302	91.0 bp −$9,096	115.5 bp −$57.8K
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.

NOT on 16 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
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−0.164%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0004891	+0.180%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0004880	−0.041%	$321K	$74K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0004881	−0.027%	$13K	$4K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0004883	+0.014%	$2.0M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0004882	0.000%	$2.1M	$842K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0004882	0.000%	$632K	$724K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0004875	−0.143%	$140K	$62K	50x	as long as short
MEXC NOT_USDTlong	+0.0100%	4h	0.0004882	long leg	$1.3M	$470K	200x
KuCoin NOTUSDTM	+0.0100%	4h	0.0004878	−0.082%	$500K	$148K	50x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NOTUSDT	+0.0100%	4h	0.0004884	+0.041%	$642K	$550K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0004879	−0.061%	—	$736K	—	as long as short
Variational Omni NOT	+0.0100%	4h	0.0004877	−0.108%	$69K	$28K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0004881	−0.030%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0106%	4h	0.0004883	+0.020%	$108K	$17K	50x	as long as short
Kraken Futures PF_NOTUSDshort	+0.2679%	1h	0.0004875	−0.150%	$46K	$8K	10x