Funding you earn now, next payment 09:00 UTC−0.0288%/8h= −31.6% APRpaid last 24h −0.212%
Price spread now: MEXC against Kraken Futures−0.129%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$9 a day on $10k at the current rate, and MEXC is 0.129% cheaper against Kraken Futures than usual: you would sell low and buy high (−$13 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 | Kraken Futures PF_XCNUSD | 0.004424 | 0.0388 | pay 0.0049% / 1h | 59m 36s | $2K | $2K | 10x |
| Short | MEXC XCN_USDT | 0.004418 | 0.0100 | get 0.0050% / 4h | 2h 59m | $2.3M | $154K | 20x |
Kraken Futures PF_XCNUSD
MEXC XCN_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
- −$60.56
- Price spread: −0.129% → 0.000%
- −$12.87
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$87.43
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 2 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, 2 min ago | 3.39 bp | 21.4 bp −$21 | 101.7 bp −$1,017 | 205.3 bp −$20.5K | 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.
XCN on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XCNUSDT | +0.0100% | 1h | 0.004421 | −0.071% | $9K | $3K | 3x | as long as short |
| Bybit XCNUSDT | +0.0100% | 4h | 0.004417 | −0.151% | $1.1M | $1.6M | 5x | as long as short |
| Gate XCN_USDT | +0.0100% | 4h | 0.004419 | −0.106% | $349K | $85K | 10x | as long as short |
| MEXC XCN_USDTshort | +0.0100% | 4h | 0.004418 | −0.129% | $2.3M | $154K | 20x | |
| BingX XCN-USDT | +0.0100% | 4h | 0.004413 | −0.242% | — | $1.6M | — | as long as short |
| Variational Omni XCN | +0.0100% | 4h | 0.004416 | −0.181% | $10K | $511 | — | as long as short |
| Kraken Futures PF_XCNUSDlong | +0.0388% | 1h | 0.004424 | long leg | $2K | $2K | 10x |
Aster XCNUSDT
Bybit XCNUSDT
Gate XCN_USDT
BingX XCN-USDT
Variational Omni XCN