Funding you earn now, next payment 11:00 UTC−0.2957%/8h= −323.8% APRpaid last 24h +0.545%
Price spread now: MEXC against Kraken Futures+0.317%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. MEXC is 0.317% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.317% now, against zero (this spread has no 7-day history yet)): +$32 on $10k if it goes back. Holding the pair costs −$89 a day in funding at the current rate, which eats that in about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPNUSD | 0.05084 | 0.3057 | pay 0.0382% / 1h | 28m 15s | $2K | $8K | 20x |
| Short | MEXC OPN_USDT | 0.05100 | 0.0100 | get 0.0050% / 4h | 1h 28m | $814K | $308K | 50x |
Kraken Futures PF_OPNUSD
MEXC OPN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Kraken Futures. 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
- −$620.97
- Price spread: +0.317% → 0.000%
- $31.67
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$603.3
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 10 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 10 min ago | 3.87 bp | 12.7 bp −$13 | 89.8 bp −$898 | 738.3 bp −$73.8K | doesn't fit |
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.
OPN 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OPNUSDT | +0.0100% | 4h | 0.05096 | +0.245% | $7K | $17K | 5x | as long as short |
| Binance OPNUSDT | +0.0100% | 4h | 0.05098 | +0.273% | $3.6M | $6.5M | 25x | as long as short |
| Bybit OPNUSDT | +0.0100% | 4h | 0.05094 | +0.199% | $725K | $3.2M | 20x | as long as short |
| OKX OPN-USDT-SWAP | +0.0100% | 4h | 0.05101 | +0.336% | $777K | $2.9M | 20x | as long as short |
| MEXC OPN_USDTshort | +0.0100% | 4h | 0.05100 | +0.317% | $814K | $308K | 50x | |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05106 | +0.435% | $121K | $56K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05095 | +0.218% | $578K | $170K | 20x | as long as short |
| BingX OPN-USDT | +0.0100% | 4h | 0.05098 | +0.277% | — | $1.7M | — | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05090 | +0.120% | $2K | $6K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05200 | +2.284% | $1K | $1.4M | 20x | as long as short |
Aster OPNUSDT
Binance OPNUSDT
Bybit OPNUSDT
OKX OPN-USDT-SWAP
KuCoin OPNUSDTM
Bitget OPNUSDT
BingX OPN-USDT
Orderly PERP_OPN_USDC_mythos
SunX OPN-USDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPN-USDT | +0.0128% | 4h | 0.05116 | +0.631% | $184K | $7K | 50x | as long as short |
| Gate OPN_USDT | +0.0464% | 4h | 0.05098 | +0.277% | $206K | $171K | 50x | as long as short |
| Deribit OPN_USDC-PERPETUAL | +0.1125% | 1h | 0.05099 | +0.307% | — | $203 | 10x | as long as short |
| Coinbase International OPN-PERP-INTX | +0.1968% | 1h | 0.05163 | +1.556% | $14K | $15K | 50x | as long as short |
| Kraken Futures PF_OPNUSDlong | +0.3057% | 1h | 0.05084 | long leg | $2K | $8K | 20x |
BloFin OPN-USDT
Gate OPN_USDT
Deribit OPN_USDC-PERPETUAL
Coinbase International OPN-PERP-INTX