Funding you earn now, next payment 12:00 UTC−0.0609%/8h= −66.7% APRpaid last 24h −0.082%
Price spread now: Kraken Futures against MEXC+0.015%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$520.524% of the position
Funding, last 7 days−0.288%−$29 on $10k
+Price spread, last 4 days (all we have)+0.206%+$21 · spread now +0.015%, 7d avg +0.053%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Kraken Futures is 0.038% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.053%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.288% in total (about -15.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ALGO_USDT | 0.1087 | 0.0100 | pay 0.0100% / 8h | 4h 59m | $23.3M | $3.2M | 200x |
| Short | Kraken Futures PF_ALGOUSD | 0.1087 | −0.0509 | pay 0.0064% / 1h | 59m 01s | $795K | $1.1M | 50x |
MEXC ALGO_USDT
Kraken Futures PF_ALGOUSDFunding 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
- −$127.98
- Price spread: +0.015% → +0.053%
- −$3.76
- Slippage, 4 orders
- −$42.44
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$184.18
- Costs to cover
- 0.524%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Kraken Futures: live order book, 2 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, 3 min ago | 0.46 bp | 5.7 bp −$6 | 29.7 bp −$297 | 483.4 bp −$48.3K | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 11.49 bp | 20.6 bp −$21 | 43.1 bp −$431 | doesn't fit | doesn't fit |
ALGO on 22 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSDshort | −0.0509% | 1h | 0.1087 | +0.015% | $795K | $1.1M | 50x | |
| Bybit ALGOUSDT | −0.0169% | 8h | 0.1086 | −0.129% | $10.4M | $13.5M | 75x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0118% | 1h | 0.1087 | 0.000% | $86K | $41K | 25x | as long as short |
| Variational Omni ALGO | −0.0008% | 8h | 0.1086 | −0.100% | $58K | $13K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1087 | −0.004% | $16K | — | 150x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0008% | 8h | 0.1086 | −0.064% | $2.6M | $7.8M | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +3.026% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1093 | +0.524% | $62K | $173K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1088 | +0.127% | $3.3M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1087 | −0.006% | $43K | $38K | 5x | as long as short |
Bybit ALGOUSDT
Deribit ALGO_USDC-PERPETUAL
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
OKX ALGO-USDT-SWAP
Injective ALGO/USDC PERP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1087 | +0.017% | $9.2M | $33.8M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1086 | −0.083% | $827K | $871K | 50x | as long as short |
| MEXC ALGO_USDTlong | +0.0100% | 8h | 0.1087 | long leg | $23.3M | $3.2M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1087 | −0.028% | $3.3M | $1.3M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1087 | −0.009% | $5.3M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1086 | −0.083% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1087 | +0.009% | $56K | $121K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1087 | −0.009% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1087 | −0.052% | $8K | $243K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1086 | −0.074% | $468K | $841K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0315% / S −0.0264% | 1h | 0.1087 | +0.017% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1226% | 1h | 0.1087 | +0.008% | $157K | $5K | 5x | as long as short |
Binance ALGOUSDT
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD