Funding you earn now, next payment 01:00 UTC+0.3023%/8h= +331.1% APRpaid last 24h +0.850%
Price spread now: MEXC against Kraken Futures+0.109%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$91 a day on $10k at the current rate, and MEXC is 0.109% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TUSD | 0.005124 | −0.3837 | get 0.0480% / 1h | 37m 34s | $2K | $2K | 10x |
| Short | MEXC T_USDT | 0.005130 | −0.0814 | pay 0.0407% / 4h | 3h 37m | $3.1M | $256K | 20x |
Kraken Futures PF_TUSD
MEXC T_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
- $634.91
- Price spread: +0.109% → 0.000%
- $10.89
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $631.8
- Costs to cover
- 0.140%
- Break-even
- 0.0 days
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 5 min ago | 2.92 bp | 10.3 bp −$10 | 21.5 bp −$215 | 117.2 bp −$11.7K | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSDlong | −0.3837% | 1h | 0.005124 | long leg | $2K | $2K | 10x | |
| Gate T_USDT | −0.1102% | 4h | 0.005134 | +0.187% | $212K | $99K | 20x | as long as short |
| KuCoin TUSDTM | −0.0864% | 4h | 0.005130 | +0.109% | $1.3M | $83K | 12x | as long as short |
| MEXC T_USDTshort | −0.0814% | 4h | 0.005130 | +0.109% | $3.1M | $256K | 20x | |
| Binance TUSDT | −0.0810% | 4h | 0.005132 | +0.148% | $3.3M | $8.5M | 50x | as long as short |
| Variational Omni T | −0.0801% | 4h | 0.005135 | +0.201% | $8K | $9K | — | as long as short |
| Bybit TUSDT | −0.0673% | 4h | 0.005130 | +0.109% | $1.6M | $1.7M | 25x | as long as short |
| Bitget TUSDT | −0.0572% | 4h | 0.005123 | −0.028% | $876K | $619K | 50x | as long as short |
Gate T_USDT
KuCoin TUSDTM
Binance TUSDT
Variational Omni T
Bybit TUSDT
Bitget TUSDT