Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1843%/8h= +201.8% APRpaid last 24h +0.921%

Price spread now: Kraken Futures against MEXC−0.055%7-day average — · you buy dearer than you sell

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

Funding pays, the price is against you. Kraken Futures is 0.055% cheaper against MEXC than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2 hours of funding at the current rate (+$55 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOT_USDT	0.0005036	0.0100	pay 0.0050% / 4h	1h 16m	$1.3M	$451K	200x
Short	Kraken Futures PF_NOTUSD	0.0005033	0.1943	get 0.0243% / 1h	16m 19s	$49K	$7K	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 −0.055%Rate

Funding earned: $387
Price spread: −0.055% → 0.000%: −$5.47
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $367.53
Costs to cover: 0.140%
Break-even: 0.4 days

Slippage unknown: MEXC: live order book, 5 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, 5 min ago	3.97 bp	12.0 bp −$12	40.3 bp −$403	93.5 bp −$9,349	116.8 bp −$58.4K
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.

NOT on 16 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
Variational Omni NOT	−0.0032%	4h	0.0005033	−0.057%	$72K	$38K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.217%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005048	+0.244%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005030	−0.119%	$338K	$65K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005040	+0.075%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005034	−0.034%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005029	−0.139%	$2.1M	$837K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005038	+0.040%	$641K	$685K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005040	+0.079%	$139K	$57K	50x	as long as short
MEXC NOT_USDTlong	+0.0100%	4h	0.0005036	long leg	$1.3M	$451K	200x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005031	−0.099%	$481K	$133K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005039	+0.060%	$673K	$460K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005034	−0.040%	—	$731K	—	as long as short
BloFin NOT-USDT	+0.0100%	4h	0.0005045	+0.179%	$109K	$18K	50x	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005033	−0.060%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSDshort	+0.1943%	1h	0.0005033	−0.055%	$49K	$7K	10x