Funding you earn now, next payment 08:00 UTC−0.1470%/8h= −161.0% APRpaid last 24h +0.069%
Price spread now: MEXC against Kraken Futures+0.571%51s7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$277as 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−$3663.659% of the position
Funding, last 7 days+0.893%+$89 on $10k
+Price spread, last 4 days (all we have)−0.417%−$42 · spread now +0.571%, 7d avg +0.091%
=The price spread pays, funding is against you. MEXC is 0.480% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.571% now, against its 7-day average of +0.091%): +$48 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 7 days funding on this pair paid +0.893%, so the current rate has only just turned against you. 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 0.893% in total (about 46.5% 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 | Kraken Futures PF_MUBARAKUSD | 0.05359 | 0.2382 | pay 0.0298% / 1h | 9m 26s | $78K | $818K | 10x |
| Short | MEXC MUBARAK_USDT | 0.05390 | 0.0912 | get 0.0456% / 4h | 9m 26s | $1.8M | $2.8M | 50x |
Kraken Futures PF_MUBARAKUSD
MEXC MUBARAK_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
- −$308.72
- Price spread: +0.571% → +0.091%
- $47.98
- Slippage, 4 orders
- −$351.94
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$626.69
- Costs to cover
- 3.659%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 29 min ago; MEXC: live order book, 3 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 Kraken Futures live order book, 29 min ago | 77.01 bp | 124.8 bp −$125 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 23.26 bp | 81.7 bp −$82 | 121.8 bp −$1,218 | 239.0 bp −$23.9K | 556.8 bp −$278.4K |
MUBARAK on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUBARAKUSDT | +0.0622% | 4h | 0.05384 | +0.459% | $3.7M | $21.2M | 25x | as long as short |
| OKX MUBARAK-USDT-SWAP | +0.0651% | 4h | 0.05387 | +0.522% | $4.3M | $123.0M | 20x | as long as short |
| Aster MUBARAKUSDT | +0.0791% | 4h | 0.05389 | +0.556% | $45K | $1.0M | 5x | as long as short |
| MEXC MUBARAK_USDTshort | +0.0912% | 4h | 0.05390 | +0.571% | $1.8M | $2.8M | 50x | |
| Binance MUBARAKUSDT | +0.0913% | 4h | 0.05373 | +0.254% | $24.3M | $226.6M | 25x | as long as short |
| Variational Omni MUBARAK | +0.1221% | 4h | 0.05349 | −0.195% | $13K | $74K | — | as long as short |
| KuCoin MUBARAKUSDTM | +0.1404% | 4h | 0.05379 | +0.366% | $2.9M | $3.5M | 30x | as long as short |
| BingX MUBARAK-USDT | +0.1624% | 4h | 0.05365 | +0.104% | — | $4.8M | — | as long as short |
| Bybit MUBARAKUSDT | +0.1735% | 4h | 0.05387 | +0.517% | $5.3M | $31.3M | 25x | as long as short |
| Kraken Futures PF_MUBARAKUSDlong | +0.2382% | 1h | 0.05359 | long leg | $78K | $818K | 10x |
Bitget MUBARAKUSDT
OKX MUBARAK-USDT-SWAP
Aster MUBARAKUSDT
Binance MUBARAKUSDT
Variational Omni MUBARAK
KuCoin MUBARAKUSDTM
BingX MUBARAK-USDT
Bybit MUBARAKUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MUBARAK_USDT | +0.2630% | 4h | 0.05383 | +0.440% | $9.3M | $13.9M | 50x | as long as short |
Gate MUBARAK_USDT