Funding you earn now, next payment 09:00 UTC−0.0438%/8h= −48.0% APRpaid last 24h −0.045%
Price spread now: Kraken Futures against MEXC+0.099%51s7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.484% of the position
Funding, last 7 days−0.370%−$37 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.099%, 7d avg +0.063%
=The price spread pays, funding is against you. Kraken Futures is 0.036% dearer against MEXC than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.063%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.370% in total) that is about 16 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ICP_USDT | 2.9670 | 0.0100 | pay 0.0100% / 8h | 7h 21m | $19.1M | $9.9M | 50x |
| Short | Kraken Futures PF_ICPUSD | 2.9699 | −0.0338 | pay 0.0042% / 1h | 21m 21s | $526K | $654K | 50x |
MEXC ICP_USDT
Kraken Futures PF_ICPUSDFunding 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
- −$91.99
- Price spread: +0.099% → +0.063%
- $3.59
- Slippage, 4 orders
- −$38.42
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$136.81
- Costs to cover
- 0.484%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 12 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 | 1.69 bp | 4.5 bp −$4 | 13.9 bp −$139 | 61.0 bp −$6,099 | 138.3 bp −$69.1K |
| Sell Kraken Futures live order book, 12 min ago | 6.79 bp | 17.4 bp −$17 | 34.7 bp −$347 | doesn't fit | doesn't fit |
ICP on 27 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_ICPUSDshort | −0.0338% | 1h | 2.9699 | +0.099% | $526K | $654K | 50x | |
| Variational Omni ICP | −0.0164% | 8h | 2.9309 | −1.216% | $1.0M | $135K | — | as long as short |
| Phemex ICPUSDT | −0.0148% | 8h | 2.9680 | +0.034% | $1.8M | $688K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9677 | +0.025% | $68K | $2K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9677 | +0.024% | $193 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9680 | +0.034% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.017% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9676 | +0.020% | $137K | $489K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9689 | +0.063% | $279K | $978K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9670 | −0.001% | $134K | $9K | 5x | as long as short |
Variational Omni ICP
Phemex ICPUSDT
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9690 | +0.067% | $29.0M | $48.0M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9670 | 0.000% | $17.2M | $17.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9690 | +0.067% | $5.7M | $13.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9670 | 0.000% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDTlong | +0.0100% | 8h | 2.9670 | long leg | $19.1M | $9.9M | 50x | |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9680 | +0.034% | $4.9M | $11.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9680 | +0.034% | $7.0M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9690 | +0.067% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9581 | −0.301% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9615 | −0.186% | $562K | $578K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9660 | −0.034% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9630 | −0.135% | $103K | $114K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9652 | −0.062% | $22K | $233K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9630 | −0.135% | $1.3M | $2.4M | 75x | as long as short |
| Hyperliquid ICP | +0.0230% | 1h | 2.9722 | +0.175% | $4.6M | $4.5M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0416% | 1h | 2.9700 | +0.101% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0456% / S −0.0403% | 1h | 2.9610 | −0.202% | $33K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]