Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0526%/8h= −57.6% APRpaid last 24h +0.062%

Price spread now: Kraken Futures against MEXC+0.026%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

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 0.026% dearer against MEXC than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALT_USDT	0.007528	0.0100	pay 0.0050% / 4h	1h 17m	$379K	$170K	50x
Short	Kraken Futures PF_ALTUSD	0.007530	−0.0426	pay 0.0053% / 1h	17m 53s	$44K	$8K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$110.54
Price spread: +0.026% → 0.000%: $2.58
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$121.96
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 8 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, 8 min ago	2.65 bp	13.1 bp −$13	60.2 bp −$602	269.6 bp −$27.0K	467.5 bp −$233.8K
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.

ALT on 14 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_ALTUSDshort	−0.0426%	1h	0.007530	+0.026%	$44K	$8K	10x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.165%	$837	$22	5.5x	as long as short
Variational Omni ALT	+0.0068%	4h	0.007526	−0.024%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007524	−0.053%	$1.1M	$137K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007528	0.000%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007519	−0.120%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007521	−0.093%	$50K	$387K	25x	as long as short
MEXC ALT_USDTlong	+0.0100%	4h	0.007528	long leg	$379K	$170K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007533	+0.066%	$145K	$19K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007514	−0.186%	$602K	$132K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007521	−0.093%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0124%	4h	0.007534	+0.080%	$168K	$8K	50x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0149%	1h	0.007529	+0.013%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0424%	1h	0.007547	+0.252%	$13K	$2K	50x	as long as short