Funding you earn now, next payment 07:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.047%
Price spread now: Kraken Futures against MEXC+0.122%7-day average +0.161% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$570.567% of the position
Funding, last 7 days+0.572%+$57 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.122%, 7d avg +0.161%
=Funding pays, the price is against you. Kraken Futures is 0.039% cheaper against MEXC than usual: you would sell low and buy high (spread +0.122% now, against its 7-day average of +0.161%). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.572% in total) that is about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PYTH_USDT | 0.06338 | 0.0012 | pay 0.0006% / 4h | 1h 47m | $10.5M | $2.7M | 125x |
| Short | Kraken Futures PF_PYTHUSD | 0.06346 | 0.0131 | get 0.0016% / 1h | 47m 19s | $386K | $292K | 25x |
MEXC PYTH_USDT
Kraken Futures PF_PYTHUSDFunding 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
- $24.92
- Price spread: +0.122% → +0.161%
- −$3.92
- Slippage, 4 orders
- −$46.7
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$35.7
- Costs to cover
- 0.567%
- Break-even
- 17.0 days
Slippage from MEXC: live order book, 6 min ago; Kraken Futures: live order book, 60 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, 6 min ago | 1.57 bp | 6.0 bp −$6 | 16.9 bp −$169 | 96.6 bp −$9,665 | 192.6 bp −$96.3K |
| Sell Kraken Futures live order book, 60 min ago | 6.32 bp | 19.2 bp −$19 | 134.7 bp −$1,347 | doesn't fit | doesn't fit |
PYTH on 23 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 PYTH_USDC-PERPETUAL | −0.0065% | 1h | 0.06339 | +0.016% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06356 | +0.280% | $189K | $19 | 5x | as long as short |
| Binance PYTHUSDT | +0.0010% | 4h | 0.06341 | +0.047% | $9.0M | $19.1M | 75x | as long as short |
| MEXC PYTH_USDTlong | +0.0012% | 4h | 0.06338 | long leg | $10.5M | $2.7M | 125x | |
| Gate PYTH_USDT | +0.0018% | 4h | 0.06343 | +0.079% | $1.0M | $531K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.231% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0043% | 4h | 0.06346 | +0.126% | $426K | $76K | 75x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0055% | 1h | 0.06355 | +0.260% | $38K | $64K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06345 | +0.110% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06350 | +0.189% | $192K | $215K | 5x | as long as short |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Binance PYTHUSDT
Gate PYTH_USDT
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Backpack PYTH_USDC_PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06337 | −0.021% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06347 | +0.139% | $2.2M | $2.0M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06351 | +0.207% | $19K | $46K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06343 | +0.079% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06346 | +0.126% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06346 | +0.126% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06346 | +0.126% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06345 | +0.110% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06349 | +0.173% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06342 | +0.068% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSDshort | +0.0131% | 1h | 0.06346 | +0.122% | $386K | $292K | 25x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06340 | +0.036% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0368% | 1h | 0.06427 | +1.404% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX