Funding you earn now, next payment 04:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.184%
Price spread now: MEXC against Kraken Futures−0.187%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
Funding pays, the price is against you. MEXC is 0.187% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.187% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 39 hours of funding at the current rate (+$12 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_KSMUSD | 4.6477 | −0.0288 | get 0.0036% / 1h | 8m 38s | $37K | $1K | 20x |
| Short | MEXC KSM_USDT | 4.6390 | 0.0100 | get 0.0100% / 8h | 4h 08m | $749K | $243K | 20x |
Kraken Futures PF_KSMUSD
MEXC KSM_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
- $81.42
- Price spread: −0.187% → 0.000%
- −$18.75
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $48.67
- Costs to cover
- 0.140%
- Break-even
- 2.8 days
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 42 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, 42 min ago | 2.17 bp | 12.4 bp −$12 | 71.7 bp −$717 | 491.0 bp −$49.1K | doesn't fit |
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.
KSM on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_KSMUSDlong | −0.0288% | 1h | 4.6477 | long leg | $37K | $1K | 20x | |
| Variational Omni KSM | −0.0267% | 8h | 4.6396 | −0.174% | $457K | $38K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0193% | 4h | 4.6320 | −0.338% | $755K | $646K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6380 | −0.208% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6370 | −0.231% | $2.2M | $674K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6460 | −0.037% | $86K | $40K | 33x | as long as short |
| MEXC KSM_USDTshort | +0.0100% | 8h | 4.6390 | −0.187% | $749K | $243K | 20x | |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6530 | +0.114% | $519K | $38K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6380 | −0.209% | $487K | $217K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6440 | −0.080% | — | $2.4M | — | as long as short |
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDT
BingX KSM-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6368 | −0.236% | $78K | $319K | 5x | as long as short |
| BloFin KSM-USDT | +0.0125% | 8h | 4.6390 | −0.187% | $112K | $18K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT