Funding you earn now, next payment 23:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.666%
Price spread now: MEXC against Kraken Futures+0.012%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INITUSD | 0.08165 | 0.0385 | pay 0.0048% / 1h | 14m 38s | $5K | $17K | 10x |
| Short | MEXC INIT_USDT | 0.08166 | 0.0100 | get 0.0050% / 4h | 1h 14m | $444K | $220K | 20x |
Kraken Futures PF_INITUSD
MEXC INIT_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
- −$59.9
- Price spread: +0.012% → 0.000%
- $1.21
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$72.7
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 60 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 no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 60 min ago | 2.45 bp | 13.7 bp −$14 | 82.3 bp −$823 | 254.9 bp −$25.5K | doesn't fit |
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.
INIT 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid INIT | +0.0100% | 1h | 0.08161 | −0.050% | $296K | $233K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08159 | −0.077% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08167 | +0.019% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08151 | −0.172% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08163 | −0.025% | $133K | $631K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08149 | −0.196% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDTshort | +0.0100% | 4h | 0.08166 | +0.012% | $444K | $220K | 20x | |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08153 | −0.147% | $325K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08161 | −0.049% | $426K | $310K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08156 | −0.110% | — | $6.6M | — | as long as short |
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDT
BingX INIT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INIT | +0.0100% | 4h | 0.08144 | −0.251% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0144% | 4h | 0.08163 | −0.025% | $152K | $110K | 25x | as long as short |
| Kraken Futures PF_INITUSDlong | +0.0385% | 1h | 0.08165 | long leg | $5K | $17K | 10x |
Variational Omni INIT
BloFin INIT-USDT