Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0933%/8h= −102.1% APRpaid last 24h +0.043%

Price spread now: Kraken Futures against MEXC−0.161%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.371%−$137 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Kraken Futures is 0.161% cheaper against MEXC than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TURBO_USDT	0.001069	0.0100	pay 0.0050% / 4h	3h 43m	$5.6M	$618K	20x
Short	Kraken Futures PF_TURBOUSD	0.001067	−0.0833	pay 0.0104% / 1h	43m 02s	$71K	$33K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee Kraken FuturesbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$195.86
Price spread: −0.161% → 0.000%: −$16.12
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$225.98
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; Kraken Futures: no order-book sample. 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 MEXC live order book, 4 min ago	2.79 bp	27.9 bp −$28	52.3 bp −$523	62.4 bp −$6,240	110.8 bp −$55.4K
Sell Kraken Futures no order-book sample	—	—	—	—	—

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.

TURBO on 14 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_TURBOUSDshort	−0.0833%	1h	0.001067	−0.161%	$71K	$33K	20x
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+0.009%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0096%	4h	0.001068	−0.047%	$153K	$493K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001070	+0.103%	$315K	$170K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001069	+0.040%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001069	−0.010%	$2.9M	$6.7M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001070	+0.065%	$390K	$798K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001069	+0.019%	$903K	$2.4M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001070	+0.094%	$387K	$350K	25x	as long as short
MEXC TURBO_USDTlong	+0.0100%	4h	0.001069	long leg	$5.6M	$618K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTM	+0.0100%	4h	0.001070	+0.122%	$1.8M	$964K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001069	+0.009%	$1.0M	$620K	25x	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001068	−0.055%	$1K	$200K	5x	as long as short
BingX TURBO-USDT	+0.0660%	4h	0.001069	−0.028%	—	$9.4M	—	as long as short