Funding you earn now, next payment 04:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.184%
Price spread now: Kraken Futures against MEXC+0.188%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Kraken Futures is 0.188% dearer against MEXC than usual: you sell high and buy low (spread +0.188% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 39 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC KSM_USDT | 4.6390 | 0.0100 | pay 0.0100% / 8h | 4h 08m | $749K | $243K | 20x |
| Short | Kraken Futures PF_KSMUSD | 4.6477 | −0.0288 | pay 0.0036% / 1h | 8m 38s | $37K | $1K | 20x |
MEXC KSM_USDT
Kraken Futures PF_KSMUSDFunding 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
- −$81.42
- Price spread: +0.188% → 0.000%
- $18.78
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$76.64
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 42 min ago; Kraken Futures: no order-book sample. 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 MEXC live order book, 42 min ago | 2.17 bp | 11.4 bp −$11 | 39.4 bp −$394 | 426.6 bp −$42.7K | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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_KSMUSDshort | −0.0288% | 1h | 4.6477 | +0.188% | $37K | $1K | 20x | |
| Variational Omni KSM | −0.0267% | 8h | 4.6396 | +0.014% | $457K | $38K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0193% | 4h | 4.6320 | −0.151% | $755K | $646K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6380 | −0.021% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6370 | −0.043% | $2.2M | $674K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6460 | +0.151% | $86K | $40K | 33x | as long as short |
| MEXC KSM_USDTlong | +0.0100% | 8h | 4.6390 | long leg | $749K | $243K | 20x | |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6530 | +0.302% | $519K | $38K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6380 | −0.022% | $487K | $217K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6440 | +0.108% | — | $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 | −0.048% | $78K | $319K | 5x | as long as short |
| BloFin KSM-USDT | +0.0125% | 8h | 4.6390 | 0.000% | $112K | $18K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT