Funding you earn now, next payment 08:00 UTC+0.0820%/8h= +89.8% APRpaid last 24h −0.061%
Price spread now: Kraken Futures against MEXC+0.311%51s7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$930.929% of the position
Funding, last 7 days+0.313%+$31 on $10k
+Price spread, last 4 days (all we have)−0.210%−$21 · spread now +0.311%, 7d avg +0.100%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Kraken Futures is 0.211% dearer against MEXC than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.100%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.313% in total (about 16.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ETHFI_USDT | 0.6950 | 0 | get 0.0000% / 4h | 4m 24s | $15.7M | $4.2M | 125x |
| Short | Kraken Futures PF_ETHFIUSD | 0.6972 | 0.0820 | get 0.0102% / 1h | 4m 24s | $291K | $283K | 20x |
MEXC ETHFI_USDT
Kraken Futures PF_ETHFIUSDFunding 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
- $172.19
- Price spread: +0.311% → +0.100%
- $21.09
- Slippage, 4 orders
- −$78.94
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $100.33
- Costs to cover
- 0.929%
- Break-even
- 2.9 days
Slippage from MEXC: live order book, 4 min ago; Kraken Futures: live order book, 33 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, 4 min ago | 0.72 bp | 6.3 bp −$6 | 14.0 bp −$140 | 69.5 bp −$6,951 | 164.5 bp −$82.3K |
| Sell Kraken Futures live order book, 33 min ago | 17.99 bp | 46.7 bp −$47 | 162.9 bp −$1,629 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0468% | 1h | 0.6959 | +0.129% | $41K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0413% | 4h | 0.6949 | −0.014% | $82K | $149K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0285% | 4h | 0.6950 | 0.000% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0233% | 4h | 0.6951 | +0.015% | $916K | $785K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0109% | 8h | 0.6951 | +0.017% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | −0.0103% | 4h | 0.6951 | +0.014% | $17.1M | $12.9M | 25x | as long as short |
| Binance ETHFIUSDT | −0.0002% | 4h | 0.6949 | −0.014% | $24.2M | $35.9M | 75x | as long as short |
| Extended ETHFI-USD | 0.0000% | 1h | 0.6948 | −0.024% | $94K | $503K | 10x | as long as short |
| MEXC ETHFI_USDTlong | 0.0000% | 4h | 0.6950 | long leg | $15.7M | $4.2M | 125x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.173% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6950 | 0.000% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6960 | +0.150% | $1.1M | $828K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6959 | +0.125% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6951 | +0.010% | $178K | $253K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6956 | +0.086% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6956 | +0.086% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6960 | +0.144% | $1.2M | $217K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6951 | +0.014% | $6.1M | $4.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6951 | +0.014% | — | $10.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6959 | +0.125% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6956 | +0.086% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0238% | 4h | 0.6954 | +0.058% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0272% | 1h | 0.6990 | +0.576% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | +0.0820% | 1h | 0.6972 | +0.311% | $291K | $283K | 20x |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX