Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

TREAD

RWAAll TREAD markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
MEXCTREAD_USDT
0.9697+0.3280pay 0.0410% / 1h32m 11s$27K$100K20xLong MEXC
SHORT
Kraken FuturesPF_TREADUSD
0.9809+3.8093get 0.4762% / 1h32m 11s$6K$52K20xShort Kraken Futures
Price gap+1.160%
Funding gap+3.4813% /8h

Both sides work: funding pays +$1,044 a day on $10k, and the gap is 1.160% above zero (no 7-day history yet): +$116 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding—+3.4813% /8h now · no funding history yet
Price—spread +1.160% now · no price history on both exchanges yet
Costsno datano order book for Kraken Futures
Result, before costs—no pointsneeds funding history

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Kraken Futures price against MEXCnow
RANGE STATS · 7D
Now+1.160%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

TREAD on 3 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for Kraken Futures: its slippage is not counted.
  • Note: Margin at max leverage$500 + $500
    MEXC 20x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$1,044.40Long MEXC: 24 payments, −$98.40; short Kraken Futures: 24 payments, +$1,142.80.
  • Note: No 7-day spread history+1.160%
    The gap cannot be compared with its average yet.
  • Watch: Short leg is thinner$6K vs $27K OI
    Kraken Futures sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCMEXC Yes · Kraken Futures Yes
    KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earnedno history yet: current rate+$7,310.81
Price spread+1.160% → 0+$115.99
Slippage, 4 ordersno data for Kraken Futures—
Fee MEXC bp × 2 orders−$4.00
Fee Kraken Futures bp × 2 orders−$10.00
Net, fees only · 7 days · $10k+$7,412.80
Costs to cover0.140%Break-evenfrom the start
Slippage: MEXC: live order book, 54 min ago; Kraken Futures: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGMEXC25.34420.7 bp−$421doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKraken Futures—————

Closing costs about the same again.
Kraken Futures: no data.

Alert

TREAD news

posts that mention TREAD, from every exchangeSearch all news →
09-25 14:38ParagonOther$TREAD led Paragon markets over the last 24h at +40.63%, with $SMCI +7.48%, $ANSEM +7.43% and $CRDO +7.06% rounding out the top of the board. @tradeparagon on X ↗
09-24 12:27Kraken FuturesListingnew market PF_TREADUSD ($TREAD) seen by our collector
09-17 17:43ParagonOther$TREAD led Paragon markets over the past 24h at +25.99%, ahead of $SMCI at +10.56% and $ANSEM at +9.29%, with $UNITREE up 6.50%. @tradeparagon on X ↗
09-16 15:39ParagonListing$TREAD is now trading 24/7 on Hyperliquid. Up to 5x leverage. $TREAD is the native token of @tread_fi, which offers execution algorithms, smart order routing and market-making bots, across centralized venues, perpetual DEXs and on-chain swaps. @tradeparagon on X ↗