Funding you earn now, next payment 01:00 UTC−0.0694%/8h= −76.0% APRpaid last 24h −0.271%
Price spread now: MEXC against Kraken Futures−0.093%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$950.955% of the position
Funding, last 7 days+0.576%+$58 on $10k
+Price spread, last 3 days (all we have)+0.069%+$7 · spread now −0.093%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and MEXC is 0.058% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.576%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SYNUSD | 0.2449 | 0.0896 | pay 0.0112% / 1h | 25m 22s | $195K | $542K | 10x |
| Short | MEXC SYN_USDT | 0.2447 | 0.0202 | get 0.0101% / 4h | 3h 25m | $3.0M | $7.5M | 50x |
Kraken Futures PF_SYNUSD
MEXC SYN_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
- −$145.72
- Price spread: −0.093% → −0.035%
- −$5.83
- Slippage, 4 orders
- −$85.49
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$247.04
- Costs to cover
- 0.955%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 47 min ago; MEXC: live order book, 2 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 Kraken Futures live order book, 47 min ago | 32.14 bp | 41.8 bp −$42 | 281.1 bp −$2,811 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 4.11 bp | 6.0 bp −$6 | 39.3 bp −$393 | 371.3 bp −$37.1K | 587.0 bp −$293.5K |
SYN on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SYNUSDT | +0.0100% | 4h | 0.2448 | −0.052% | $1.4M | $3.3M | 10x | as long as short |
| Orderly PERP_SYN_USDC_mythos | +0.0100% | 4h | 0.2447 | −0.109% | $4K | $41K | 10x | as long as short |
| Phemex SYNUSDT | +0.0100% | 4h | 0.2451 | +0.066% | $1.6M | $1.7M | 50x | as long as short |
| BingX SYN-USDT | +0.0196% | 4h | 0.2448 | −0.048% | — | $3.2M | — | as long as short |
| MEXC SYN_USDTshort | +0.0202% | 4h | 0.2447 | −0.093% | $3.0M | $7.5M | 50x | |
| Binance SYNUSDT | +0.0209% | 4h | 0.2449 | −0.028% | $12.5M | $40.8M | 10x | as long as short |
| Kraken Futures PF_SYNUSDlong | +0.0896% | 1h | 0.2449 | long leg | $195K | $542K | 10x | |
| Aster SYNUSDT | +0.1318% | 4h | 0.2448 | −0.052% | $2.7M | $813K | 5x | as long as short |
Bitget SYNUSDT
Orderly PERP_SYN_USDC_mythos
Phemex SYNUSDT
BingX SYN-USDT
Binance SYNUSDT
Aster SYNUSDT