Funding you earn now, next payment 04:00 UTC−0.0405%/8h= −44.3% APRpaid last 24h −0.424%
Price spread now: MEXC against Kraken Futures−0.038%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 −$12 a day on $10k at the current rate, and MEXC is 0.038% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 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_CFXUSD | 0.05333 | 0.0505 | pay 0.0063% / 1h | 38m 11s | $32K | $11K | 20x |
| Short | MEXC CFX_USDT | 0.05331 | 0.0100 | get 0.0100% / 8h | 4h 38m | $2.9M | $1.6M | 125x |
Kraken Futures PF_CFXUSD
MEXC CFX_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
- −$85.02
- Price spread: −0.038% → 0.000%
- −$3.75
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$102.77
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 4 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, 4 min ago | 0.94 bp | 6.6 bp −$7 | 10.2 bp −$102 | 53.6 bp −$5,356 | 98.0 bp −$49.0K |
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.
CFX on 16 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 CFXUSDT | +0.0100% | 8h | 0.05327 | −0.104% | $5K | $43K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05328 | −0.098% | $5.3M | $10.1M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05330 | −0.056% | $2.4M | $1.4M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05323 | −0.188% | $2.5M | $5.6M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05325 | −0.150% | $1.1M | $2.5M | 50x | as long as short |
| MEXC CFX_USDTshort | +0.0100% | 8h | 0.05331 | −0.038% | $2.9M | $1.6M | 125x | |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05327 | −0.113% | $875K | $282K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05327 | −0.113% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05325 | −0.150% | — | $20.1M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05329 | −0.075% | $37K | $50K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05331 | −0.032% | $505K | $1.6M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05330 | −0.055% | $1K | $262K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0192% | 1h | 0.05340 | +0.131% | $42K | $122K | 50x | as long as short |
| Kraken Futures PF_CFXUSDlong | +0.0505% | 1h | 0.05333 | long leg | $32K | $11K | 20x | |
| Hyperliquid CFX | +0.0822% | 1h | 0.05337 | +0.081% | $3.2M | $355K | 5x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2565% | 1h | 0.05344 | +0.206% | $141 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Hyperliquid CFX
Deribit CFX_USDC-PERPETUAL