Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0283%/8h= +30.9% APRpaid last 24h +0.012%

Price spread now: Kraken Futures against MEXC−0.031%51s7-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 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

Funding pays, the price is against you. Kraken Futures is 0.031% cheaper against MEXC than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$8 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1472	−0.0164	get 0.0082% / 4h	1h 01m	$6.8M	$138K	100x
Short	Kraken Futures PF_EURUSD	1.1468	0.0119	get 0.0015% / 1h	1m 30s	$3K	—	50x

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 −0.031%Rate

Funding earned: $59.34
Price spread: −0.031% → 0.000%: −$3.09
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $38.25
Costs to cover: 0.180%
Break-even: 2.5 days

Slippage unknown: MEXC: live order book, 1 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, 1 min ago	0.44 bp	4.4 bp −$4	4.4 bp −$44	38.1 bp −$3,813	127.2 bp −$63.6K
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.

EUR on 18 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 EUR_USDTlong	−0.0164%	4h	1.1472	long leg	$6.8M	$138K	100x
Bybit EURUSDUSDT	0.0000%	8h	1.1473	+0.005%	$584K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1474	+0.017%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	0.000%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1469	−0.026%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1476	+0.035%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1475	+0.026%	$12K	$260K	20x	as long as short
Nado EURUSD-PERP	+0.0007%	1h	1.1472	+0.003%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1469	−0.023%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.049%	$9K	$78K	101x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0046%	1h	1.1501	+0.255%	—	$264K	100x	as long as short
Hibachi EUR/USDT-P	+0.0056%	1h	1.1470	−0.021%	$158K	$8.2M	30x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1472	0.000%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1477	+0.047%	$12K	—	10x	as long as short
Kraken Futures PF_EURUSDshort	+0.0119%	1h	1.1468	−0.031%	$3K	—	50x
Hotstuff EURUSD-PERP	+0.0144%	1h	1.1477	+0.044%	$33K	—	50x	as long as short
Lighter EURUSD	+0.0152%	1h	1.1482	+0.084%	$2.1M	$444K	50x	as long as short
tradeXYZ xyz:EUR	+0.0188%	1h	1.1477	+0.044%	$23.3M	$1.8M	50x	as long as short