Funding you earn now, next payment 06:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.221%
Price spread now: MEXC against Kraken Futures+0.008%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1161.164% of the position
Funding, last 7 days−0.373%−$37 on $10k
+Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.008%, 7d avg −0.020%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and MEXC is 0.028% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.020%. Mind the row above: over the last 7 days funding on this pair cost −0.373%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USUALUSD | 0.01388 | 0.0085 | pay 0.0011% / 1h | 52m 55s | $110K | $19K | 10x |
| Short | MEXC USUAL_USDT | 0.01388 | 0.0100 | get 0.0050% / 4h | 2h 52m | $6.1M | $255K | 100x |
Kraken Futures PF_USUALUSD
MEXC USUAL_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
- $3.09
- Price spread: +0.008% → −0.020%
- $2.84
- Slippage, 4 orders
- −$102.43
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$110.5
- Costs to cover
- 1.164%
- Break-even
- 257.2 days
Slippage from Kraken Futures: live order book, 59 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, 59 min ago | 40.52 bp | 45.5 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 5.05 bp | 15.6 bp −$16 | 178.7 bp −$1,787 | 794.7 bp −$79.5K | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.3949% | 1h | 0.01365 | −1.670% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDlong | +0.0085% | 1h | 0.01388 | long leg | $110K | $19K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01388 | −0.013% | $397K | $189K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01388 | +0.019% | $2.2M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01391 | +0.181% | $1.1M | $781K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01390 | +0.131% | $940K | $109K | 50x | as long as short |
| MEXC USUAL_USDTshort | +0.0100% | 4h | 0.01388 | +0.008% | $6.1M | $255K | 100x | |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01388 | −0.013% | $255K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01389 | +0.059% | $806K | $405K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01389 | +0.095% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01394 | +0.423% | $10K | $1K | — | as long as short |
Variational Omni USUAL