Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.2895%/8h= +317.0% APRpaid last 24h −1.171%

Price spread now: MEXC against Kraken Futures+0.025%7-day average −0.059% · you sell dearer than you buy

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

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.188%−$19 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.025%, 7d avg −0.059%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$87 a day on $10k at the current rate, and MEXC is 0.084% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.059%. Mind the row above: over the last 7 days funding on this pair cost −0.188%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.188% in total (about -9.8% 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_ATHUSD	0.005564	−0.2795	get 0.0349% / 1h	2m 34s	$19K	$106K	10x
Short	MEXC ATH_USDT	0.005565	0.0100	get 0.0050% / 4h	3h 02m	$9.0M	$587K	50x

Funding 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 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now +0.025%Rate

Funding earned: $607.88
Price spread: +0.025% → −0.059%: $8.35
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: $598.24
Costs to cover: 0.180%
Break-even: 0.1 days

Slippage unknown: Kraken Futures: live order book, 5 min ago; MEXC: live order book, 5 min ago. 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 Kraken Futures live order book, 5 min ago	22.30 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.57 bp	15.4 bp −$15	74.4 bp −$744	193.9 bp −$19.4K	doesn't fit

ATH on 13 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_ATHUSDlong	−0.2795%	1h	0.005564	long leg	$19K	$106K	10x
Variational Omni ATH	−0.0035%	4h	0.005595	+0.572%	$188K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005561	−0.046%	$11K	$57	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005567	+0.061%	$6K	$39K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005551	−0.221%	$3.4M	$4.0M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005548	−0.281%	$4.4M	$2.4M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005543	−0.371%	$707K	$1.2M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005552	−0.209%	$794K	$533K	30x	as long as short
MEXC ATH_USDTshort	+0.0100%	4h	0.005565	+0.025%	$9.0M	$587K	50x
KuCoin ATHUSDTM	+0.0100%	4h	0.005567	+0.061%	$563K	$77K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005545	−0.335%	$1.6M	$866K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005548	−0.281%	—	$21.7M	—	as long as short
BloFin ATH-USDT	+0.0136%	4h	0.005577	+0.240%	$170K	$68K	75x	as long as short