Funding you earn now, next payment 06:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.050%
Price spread now: Kraken Futures against MEXC+0.120%7-day average +0.165% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$550.547% of the position
Funding, last 7 days+0.569%+$57 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.120%, 7d avg +0.165%
=Funding pays, the price is against you. Kraken Futures is 0.045% cheaper against MEXC than usual: you would sell low and buy high (spread +0.120% now, against its 7-day average of +0.165%). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PYTH_USDT | 0.06310 | 0.0008 | pay 0.0004% / 4h | 2h 19m | $10.5M | $2.7M | 125x |
| Short | Kraken Futures PF_PYTHUSD | 0.06318 | 0.0236 | get 0.0029% / 1h | 19m 49s | $385K | $298K | 25x |
MEXC PYTH_USDT
Kraken Futures PF_PYTHUSDFunding 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
- $47.86
- Price spread: +0.120% → +0.165%
- −$4.47
- Slippage, 4 orders
- −$44.75
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$11.35
- Costs to cover
- 0.547%
- Break-even
- 8.7 days
Slippage from MEXC: live order book, 3 min ago; Kraken Futures: live order book, 28 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, 3 min ago | 0.80 bp | 6.0 bp −$6 | 14.1 bp −$141 | 93.9 bp −$9,395 | 209.8 bp −$104.9K |
| Sell Kraken Futures live order book, 28 min ago | 6.32 bp | 19.2 bp −$19 | 134.7 bp −$1,347 | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0400% | 1h | 0.06320 | +0.163% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDT | −0.0108% | 4h | 0.06308 | −0.032% | $1.0M | $530K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06303 | −0.113% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06311 | +0.016% | $10K | $10K | 10x | as long as short |
| MEXC PYTH_USDTlong | +0.0008% | 4h | 0.06310 | long leg | $10.5M | $2.7M | 125x | |
| Binance PYTHUSDT | +0.0009% | 4h | 0.06310 | 0.000% | $9.0M | $18.9M | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.792% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0034% | 4h | 0.06247 | −0.998% | $418K | $75K | 75x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06306 | −0.070% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06315 | +0.079% | $194K | $210K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Binance PYTHUSDT
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06311 | +0.010% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06316 | +0.100% | $2.2M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06309 | −0.009% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06314 | +0.063% | $7.4M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06309 | −0.016% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06313 | +0.048% | $1.5M | $352K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06308 | −0.032% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06309 | −0.016% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06276 | −0.532% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06309 | −0.017% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSDshort | +0.0236% | 1h | 0.06318 | +0.120% | $385K | $298K | 25x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06306 | −0.060% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +2.900% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX