Funding you earn now, next payment 02:00 UTC−0.2523%/8h= −276.3% APRpaid last 24h −0.726%
Price spread now: MEXC against Kraken Futures−0.200%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$329as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days−2.768%−$277 on $10k
+Price spread, last 3 days (all we have)+0.518%+$52 · spread now −0.200%, 7d avg −0.073%
=Both sides work against this trade now: funding costs −$76 a day on $10k at the current rate, and MEXC is 0.127% cheaper against Kraken Futures than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_US100USD | 30,643.3 | 0.2428 | pay 0.0304% / 1h | 12m 50s | $128K | $124K | 20x |
| Short | MEXC NAS100_USDT | 30,582 | −0.0095 | pay 0.0095% / 8h | 6h 12m | $23.7M | $19.8M | 200x |
Kraken Futures PF_US100USD
MEXC NAS100_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
- −$529.88
- Price spread: −0.200% → −0.073%
- −$12.68
- Slippage, 4 orders
- −$42.24
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$594.8
- Costs to cover
- 0.522%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 54 min ago; MEXC: live order book, 1 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, 54 min ago | 5.06 bp | 21.3 bp −$21 | 54.7 bp −$547 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.33 bp | 0.3 bp $0 | 1.1 bp −$11 | 30.7 bp −$3,073 | 134.4 bp −$67.2K |
NAS100 on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NAS100_USDC | −0.0215% | 8h | 30,570.3 | −0.238% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,560 | −0.272% | $1.8M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDTshort | −0.0095% | 8h | 30,582 | −0.200% | $23.7M | $19.8M | 200x | |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,554 | −0.291% | $263K | $379K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,554 | −0.291% | $3.5M | $620K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,582.5 | −0.198% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,577.6 | −0.214% | $1.4M | $175K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,584 | −0.194% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,576 | −0.220% | $3.9M | $94.9M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,583.8 | −0.194% | $2.2M | $5.6M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
Lighter US100
Extended TECH100m-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,864.8 | +0.723% | — | $193.5M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,579.9 | −0.207% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,580 | −0.207% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0222% | 1h | 30,603.9 | −0.129% | $6.0M | $8.6M | 25x | as long as short |
| Kraken Futures PF_US100USDlong | +0.2428% | 1h | 30,643.3 | long leg | $128K | $124K | 20x |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P