Funding you earn now, next payment 04:00 UTC−3.9199%/8h= −4292.3% APRpaid last 24h −3.760%
Price spread now: MEXC against Kraken Futures−1.247%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 −$1,176 a day on $10k at the current rate, and MEXC is 1.247% cheaper against Kraken Futures than usual: you would sell low and buy high (−$125 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_ZIGUSD | 0.05059 | 3.9599 | pay 0.4950% / 1h | 2m 43s | $12K | $18K | 10x |
| Short | MEXC ZIG_USDT | 0.04996 | 0.0400 | get 0.0200% / 4h | 2m 43s | $147K | $112K | 20x |
Kraken Futures PF_ZIGUSD
MEXC ZIG_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
- −$8,231.84
- Price spread: −1.247% → 0.000%
- −$124.71
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$8,370.54
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 27 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, 27 min ago | 37.98 bp | 253.1 bp −$253 | 957.3 bp −$9,573 | doesn't fit | 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.
ZIG on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZIG_USDTshort | +0.0400% | 4h | 0.04996 | −1.247% | $147K | $112K | 20x | |
| Kraken Futures PF_ZIGUSDlong | +3.9599% | 1h | 0.05059 | long leg | $12K | $18K | 10x |