Funding you earn now, next payment 09:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.032%
Price spread now: Kraken Futures against MEXC−0.016%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as 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%
=Funding pays, the price is against you. Kraken Futures is 0.095% cheaper against MEXC than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.079%). If the spread goes back, that is −$9 on $10k: about 35 hours of funding at the current rate (+$7 a day). 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 | MEXC SUSHI_USDT | 0.2525 | 0.0100 | pay 0.0100% / 8h | 7h 31m | $1.2M | $281K | 75x |
| Short | Kraken Futures PF_SUSHIUSD | 0.2525 | 0.0319 | get 0.0040% / 1h | 31m 37s | $759K | $68K | 20x |
MEXC SUSHI_USDT
Kraken Futures PF_SUSHIUSDFunding 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
- $45.98
- Price spread: −0.016% → +0.079%
- −$9.49
- Slippage, 4 orders
- −$62.34
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$39.84
- Costs to cover
- 0.763%
- Break-even
- 13.1 days
Slippage from MEXC: live order book, 5 min ago; Kraken Futures: live order book, 2 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, 5 min ago | 1.97 bp | 4.0 bp −$4 | 15.4 bp −$154 | 137.7 bp −$13.8K | 221.4 bp −$110.7K |
| Sell Kraken Futures live order book, 2 min ago | 15.81 bp | 42.5 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
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 | +0.419% | $41K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +0.792% | $16 | $18K | 5.5x | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2526 | +0.048% | $332K | $344K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2528 | +0.117% | $22K | $16K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2524 | −0.040% | $3.9M | $9.5M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2521 | −0.139% | $2.5M | $3.2M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2524 | −0.040% | $1.5M | $3.8M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2526 | +0.040% | $575K | $285K | 50x | as long as short |
| MEXC SUSHI_USDTlong | +0.0100% | 8h | 0.2525 | long leg | $1.2M | $281K | 75x | |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2525 | 0.000% | $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 | 0.000% | $976K | $787K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2526 | +0.040% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2524 | −0.040% | $84K | $78K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0117% | 8h | 0.2525 | 0.000% | $204K | $49K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSDshort | +0.0319% | 1h | 0.2525 | −0.016% | $759K | $68K | 20x |
Bitget SUSHIUSDT
BingX SUSHI-USDT
HTX SUSHI-USDT
BloFin SUSHI-USDT