Funding you earn now, next payment 09:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h −0.032%
Price spread now: MEXC against Kraken Futures+0.016%7-day average −0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$760.763% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.016%, 7d avg −0.079%
=The price spread pays, funding is against you. MEXC is 0.095% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.079%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.046% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% 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_SUSHIUSD | 0.2525 | 0.0319 | pay 0.0040% / 1h | 31m 37s | $759K | $68K | 20x |
| Short | MEXC SUSHI_USDT | 0.2525 | 0.0100 | get 0.0100% / 8h | 7h 31m | $1.2M | $281K | 75x |
Kraken Futures PF_SUSHIUSD
MEXC SUSHI_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
- −$45.98
- Price spread: +0.016% → −0.079%
- $9.49
- Slippage, 4 orders
- −$62.34
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$112.83
- Costs to cover
- 0.763%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; MEXC: live order book, 5 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, 2 min ago | 15.81 bp | 25.9 bp −$26 | 3236.8 bp −$32.4K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.97 bp | 4.0 bp −$4 | 22.4 bp −$224 | 149.4 bp −$14.9K | 222.9 bp −$111.4K |
SUSHI on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SUSHI | −0.0003% | 8h | 0.2536 | +0.435% | $41K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +0.808% | $16 | $18K | 5.5x | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2526 | +0.063% | $332K | $344K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2528 | +0.133% | $22K | $16K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2524 | −0.024% | $3.9M | $9.5M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2521 | −0.123% | $2.5M | $3.2M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2524 | −0.024% | $1.5M | $3.8M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2526 | +0.055% | $575K | $285K | 50x | as long as short |
| MEXC SUSHI_USDTshort | +0.0100% | 8h | 0.2525 | +0.016% | $1.2M | $281K | 75x | |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2525 | +0.016% | $1.2M | $254K | 50x | as long as short |
Variational Omni SUSHI
Injective SUSHI/USDC PERP
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDT
KuCoin SUSHIUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SUSHIUSDT | +0.0100% | 8h | 0.2525 | +0.016% | $976K | $787K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2526 | +0.055% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2524 | −0.024% | $84K | $78K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0117% | 8h | 0.2525 | +0.016% | $204K | $49K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSDlong | +0.0319% | 1h | 0.2525 | long leg | $759K | $68K | 20x |
Bitget SUSHIUSDT
BingX SUSHI-USDT
HTX SUSHI-USDT
BloFin SUSHI-USDT