Funding you earn now, next payment 01:00 UTC+0.1055%/8h= +115.5% APRpaid last 24h +0.490%
Price spread now: Kraken Futures against MEXC+0.217%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$183as 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)+0.146%+$15 · spread now +0.217%, 7d avg +0.112%
=Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Kraken Futures is 0.105% dearer against MEXC than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.112%.
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 | MEXC PORTAL_USDT | 0.01970 | 0.0100 | pay 0.0050% / 4h | 3h 04m | $884K | $391K | 50x |
| Short | Kraken Futures PF_PORTALUSD | 0.01974 | 0.1155 | get 0.0144% / 1h | 4m 34s | $40K | $196K | 10x |
MEXC PORTAL_USDT
Kraken Futures PF_PORTALUSDFunding 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
- $221.55
- Price spread: +0.217% → +0.112%
- $10.49
- Slippage, 4 orders
- −$179.23
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $38.81
- Costs to cover
- 1.932%
- Break-even
- 5.8 days
Slippage from MEXC: live order book, 61 min ago; Kraken Futures: live order book, 3 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 MEXC live order book, 61 min ago | 2.54 bp | 12.4 bp −$12 | 117.6 bp −$1,176 | 335.5 bp −$33.5K | 602.2 bp −$301.1K |
| Sell Kraken Futures live order book, 3 min ago | 35.42 bp | 68.3 bp −$68 | 256.8 bp −$2,568 | doesn't fit | doesn't fit |
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 | +0.061% | $8K | $37K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.01971 | +0.065% | $3.2M | $5.0M | 10x | as long as short |
| Bybit PORTALUSDT | +0.0100% | 4h | 0.01973 | +0.147% | $1.3M | $869K | 20x | as long as short |
| MEXC PORTAL_USDTlong | +0.0100% | 4h | 0.01970 | long leg | $884K | $391K | 50x | |
| KuCoin PORTALUSDTM | +0.0100% | 4h | 0.01970 | 0.000% | $340K | $119K | 10x | as long as short |
| BingX PORTAL-USDT | +0.0100% | 4h | 0.01971 | +0.051% | — | $1.3M | — | as long as short |
| Variational Omni PORTAL | +0.0100% | 4h | 0.01973 | +0.167% | $1K | $6K | — | as long as short |
| BloFin PORTAL-USDT | +0.0145% | 4h | 0.01970 | 0.000% | $201K | $17K | 10x | as long as short |
| Kraken Futures PF_PORTALUSDshort | +0.1155% | 1h | 0.01974 | +0.217% | $40K | $196K | 10x |
Aster PORTALUSDT
Binance PORTALUSDT
Bybit PORTALUSDT
KuCoin PORTALUSDTM
BingX PORTAL-USDT
Variational Omni PORTAL
BloFin PORTAL-USDT