Funding you earn now, next payment 01:00 UTC−0.1055%/8h= −115.5% APRpaid last 24h −0.490%
Price spread now: MEXC against Kraken Futures−0.216%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$226as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$1931.932% of the position
Funding, last 7 days−0.326%−$33 on $10k
+Price spread, last 3 days (all we have)−0.147%−$15 · spread now −0.216%, 7d avg −0.112%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and MEXC is 0.104% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.112%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.326% in total (about -17.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PORTALUSD | 0.01974 | 0.1155 | pay 0.0144% / 1h | 4m 35s | $40K | $196K | 10x |
| Short | MEXC PORTAL_USDT | 0.01970 | 0.0100 | get 0.0050% / 4h | 3h 04m | $884K | $391K | 50x |
Kraken Futures PF_PORTALUSD
MEXC PORTAL_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
- −$221.55
- Price spread: −0.216% → −0.112%
- −$10.45
- Slippage, 4 orders
- −$179.23
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$425.22
- Costs to cover
- 1.932%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; MEXC: live order book, 61 min ago.
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 live order book, 3 min ago | 35.42 bp | 95.6 bp −$96 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 61 min ago | 2.54 bp | 16.8 bp −$17 | 75.6 bp −$756 | 324.9 bp −$32.5K | 589.8 bp −$294.9K |
PORTAL on 9 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 PORTALUSDT | +0.0100% | 4h | 0.01971 | −0.155% | $8K | $37K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.01971 | −0.151% | $3.2M | $5.0M | 10x | as long as short |
| Bybit PORTALUSDT | +0.0100% | 4h | 0.01973 | −0.069% | $1.3M | $869K | 20x | as long as short |
| MEXC PORTAL_USDTshort | +0.0100% | 4h | 0.01970 | −0.216% | $884K | $391K | 50x | |
| KuCoin PORTALUSDTM | +0.0100% | 4h | 0.01970 | −0.216% | $340K | $119K | 10x | as long as short |
| BingX PORTAL-USDT | +0.0100% | 4h | 0.01971 | −0.166% | — | $1.3M | — | as long as short |
| Variational Omni PORTAL | +0.0100% | 4h | 0.01973 | −0.050% | $1K | $6K | — | as long as short |
| BloFin PORTAL-USDT | +0.0145% | 4h | 0.01970 | −0.216% | $201K | $17K | 10x | as long as short |
| Kraken Futures PF_PORTALUSDlong | +0.1155% | 1h | 0.01974 | long leg | $40K | $196K | 10x |
Aster PORTALUSDT
Binance PORTALUSDT
Bybit PORTALUSDT
KuCoin PORTALUSDTM
BingX PORTAL-USDT
Variational Omni PORTAL
BloFin PORTAL-USDT