Funding you earn now, next payment 01:00 UTC−0.0742%/8h= −81.3% APRpaid last 24h −0.214%
Price spread now: Kraken Futures against MEXC−0.017%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1000.997% of the position
Funding, last 7 days+0.361%+$36 on $10k
+Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.017%, 7d avg +0.022%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Kraken Futures is 0.040% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.022%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.361%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.361% in total (about 18.8% 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 USUAL_USDT | 0.01373 | 0.0100 | pay 0.0050% / 4h | 3h 36m | $6.0M | $245K | 100x |
| Short | Kraken Futures PF_USUALUSD | 0.01373 | −0.0642 | pay 0.0080% / 1h | 36m 32s | $112K | $18K | 10x |
MEXC USUAL_USDT
Kraken Futures PF_USUALUSDFunding 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
- −$155.89
- Price spread: −0.017% → +0.022%
- −$3.96
- Slippage, 4 orders
- −$85.74
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$259.59
- Costs to cover
- 0.997%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Kraken Futures: live order book, 36 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, 1 min ago | 2.55 bp | 8.0 bp −$8 | 142.7 bp −$1,427 | 878.2 bp −$87.8K | doesn't fit |
| Sell Kraken Futures live order book, 36 min ago | 31.67 bp | 40.0 bp −$40 | doesn't fit | doesn't fit | 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 | −0.4996% | 1h | 0.01365 | −0.590% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDshort | −0.0642% | 1h | 0.01373 | −0.017% | $112K | $18K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01374 | +0.066% | $395K | $189K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01373 | −0.042% | $2.1M | $3.4M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01374 | +0.080% | $1.0M | $808K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01376 | +0.211% | $930K | $211K | 50x | as long as short |
| MEXC USUAL_USDTlong | +0.0100% | 4h | 0.01373 | long leg | $6.0M | $245K | 100x | |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01375 | +0.138% | $272K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01375 | +0.138% | $825K | $453K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01374 | +0.066% | — | $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 | 0.01378 | +0.341% | $9K | $208 | — | as long as short |
Variational Omni USUAL