Funding arb · Price arb /

DEXE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0579%/8h= +63.4% APRpaid last 24h −0.037%

Price spread now: Kraken Futures against MEXC+0.127%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 7 days−0.038%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.127% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% 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 DEXE_USDT	1.9440	0.0100	pay 0.0050% / 4h	45m 22s	$1.8M	$210K	20x
Short	Kraken Futures PF_DEXEUSD	1.9465	0.0679	get 0.0085% / 1h	45m 22s	$43K	$56K	20x

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 +0.127%Rate

Funding earned: $121.66
Price spread: +0.127% → 0.000%: $12.68
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $124.34
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 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, 1 min ago	2.57 bp	3.5 bp −$3	26.8 bp −$268	167.7 bp −$16.8K	670.2 bp −$335.1K
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.

DEXE on 12 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
Injective DEXE/USDC PERP	+0.0033%	1h	1.8600	−4.321%	—	$3K	5.5x	as long as short
Aster DEXEUSDT	+0.0100%	4h	1.9458	+0.094%	$172K	$34K	5x	as long as short
Binance DEXEUSDT	+0.0100%	4h	1.9445	+0.026%	$7.0M	$8.6M	20x	as long as short
Bybit DEXEUSDT	+0.0100%	4h	1.9470	+0.154%	$2.4M	$903K	20x	as long as short
Gate DEXE_USDT	+0.0100%	4h	1.9440	0.000%	$485K	$768K	20x	as long as short
MEXC DEXE_USDTlong	+0.0100%	4h	1.9440	long leg	$1.8M	$210K	20x
Bitget DEXEUSDT	+0.0100%	4h	1.9440	0.000%	$3.2M	$522K	10x	as long as short
BingX DEXE-USDT	+0.0100%	4h	1.9450	+0.051%	—	$1.8M	—	as long as short
Variational Omni DEXE	+0.0100%	4h	1.9473	+0.168%	$35K	$2K	—	as long as short
Orderly PERP_DEXE_USDC_mythos	+0.0100%	4h	1.9430	−0.051%	$8K	—	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin DEXE-USDT	+0.0340%	4h	1.9460	+0.103%	$395K	$30K	20x	as long as short
Kraken Futures PF_DEXEUSDshort	+0.0679%	1h	1.9465	+0.127%	$43K	$56K	20x