Funding you earn now, next payment 03:00 UTC−0.2775%/8h= −303.9% APRpaid last 24h +0.085%
Price spread now: MEXC against Kraken Futures−0.936%51s7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$83 a day on $10k at the current rate, and MEXC is 0.936% cheaper against Kraken Futures than usual: you would sell low and buy high (−$94 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PIXELUSD | 0.005528 | 0.2875 | pay 0.0359% / 1h | 13m 28s | $5K | $2K | 10x |
| Short | MEXC PIXEL_USDT | 0.005476 | 0.0100 | get 0.0050% / 4h | 1h 13m | $913K | $207K | 20x |
Kraken Futures PF_PIXELUSD
MEXC PIXEL_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
- −$582.76
- Price spread: −0.936% → 0.000%
- −$93.58
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$690.35
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 42 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, 42 min ago | 1.83 bp | 11.2 bp −$11 | 69.3 bp −$693 | 469.5 bp −$46.9K | 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.
PIXEL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PIXELUSDT | +0.0100% | 4h | 0.005473 | −0.986% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDT | +0.0100% | 4h | 0.005476 | −0.939% | $1.8M | $1.7M | 25x | as long as short |
| Gate PIXEL_USDT | +0.0100% | 4h | 0.005474 | −0.972% | $154K | $40K | 50x | as long as short |
| MEXC PIXEL_USDTshort | +0.0100% | 4h | 0.005476 | −0.936% | $913K | $207K | 20x | |
| KuCoin PIXELUSDTM | +0.0100% | 4h | 0.005475 | −0.954% | $360K | $73K | 25x | as long as short |
| Bitget PIXELUSDT | +0.0100% | 4h | 0.005473 | −0.990% | $586K | $400K | 25x | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005494 | −0.602% | $1K | $254 | — | as long as short |
| BloFin PIXEL-USDT | +0.0155% | 4h | 0.005481 | −0.845% | $117K | $10K | 50x | as long as short |
| BingX PIXEL-USDT | +0.0190% | 4h | 0.005476 | −0.936% | — | $1.3M | — | as long as short |
| Bybit PIXELUSDT | +0.0211% | 4h | 0.005480 | −0.863% | $528K | $201K | 25x | as long as short |
Aster PIXELUSDT
Binance PIXELUSDT
Gate PIXEL_USDT
KuCoin PIXELUSDTM
Bitget PIXELUSDT
Variational Omni PIXEL
BloFin PIXEL-USDT
BingX PIXEL-USDT
Bybit PIXELUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PIXELUSDlong | +0.2875% | 1h | 0.005528 | long leg | $5K | $2K | 10x |