Funding you earn now, next payment 08:00 UTC+0.1223%/8h= +133.9% APRpaid last 24h +0.163%
Price spread now: Kraken Futures against MEXC+0.267%7-day average +0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,636as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,645as in the Price arb table
costs, in and out, $10k−$2,65926.594% of the position
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 4 days (all we have)−0.372%−$37 · spread now +0.267%, 7d avg +0.119%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Kraken Futures is 0.148% dearer against MEXC than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.119%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.229% in total (about 11.9% 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 W_USDT | 0.01175 | 0.0100 | pay 0.0050% / 4h | 56m 11s | $12.3M | $1.3M | 50x |
| Short | Kraken Futures PF_WUSD | 0.01179 | 0.1323 | get 0.0165% / 1h | 56m 11s | $147K | $145K | 20x |
MEXC W_USDT
Kraken Futures PF_WUSDFunding 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
- $256.74
- Price spread: +0.267% → +0.119%
- $14.8
- Slippage, 4 orders
- −$2,645.4
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$2,387.86
- Costs to cover
- 26.594%
- Break-even
- 72.1 days
Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 46 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, 2 min ago | 0.85 bp | 8.4 bp −$8 | 48.7 bp −$487 | 67.1 bp −$6,708 | 125.8 bp −$62.9K |
| Sell Kraken Futures live order book, 46 min ago | 35.21 bp | 44.0 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 W_USDC-PERPETUAL | −0.0005% | 1h | 0.01176 | +0.034% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.850% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01176 | +0.043% | $2.0M | $285K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01176 | +0.009% | $3.0M | $5.3M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01173 | −0.196% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01175 | −0.085% | $1.3M | $1.5M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01174 | −0.094% | $427K | $232K | 75x | as long as short |
| MEXC W_USDTlong | +0.0100% | 4h | 0.01175 | long leg | $12.3M | $1.3M | 50x | |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01177 | +0.128% | $387K | $192K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01176 | +0.043% | $1.3M | $567K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01175 | −0.009% | — | $6.7M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01177 | +0.094% | $44K | $41K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01175 | −0.052% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01178 | +0.187% | $124K | $383K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01176 | +0.022% | $60K | $265K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01196 | +1.752% | $14K | $13K | 50x | as long as short |
| Kraken Futures PF_WUSDshort | +0.1323% | 1h | 0.01179 | +0.267% | $147K | $145K | 20x |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX