Funding you earn now, next payment 21:00 UTC−0.0955%/8h= −104.6% APRpaid last 24h +0.040%
Price spread now: MEXC against Kraken Futures−0.267%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1511.513% of the position
Funding, last 7 days−0.127%−$13 on $10k
+Price spread, last 3 days (all we have)+0.694%+$69 · spread now −0.267%, 7d avg −0.110%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and MEXC is 0.157% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.110%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.127% in total (about -6.6% 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 | Kraken Futures PF_WUSD | 0.01185 | 0.1055 | pay 0.0132% / 1h | 30m 49s | $147K | $189K | 20x |
| Short | MEXC W_USDT | 0.01182 | 0.0100 | get 0.0050% / 4h | 3h 30m | $13.1M | $1.8M | 50x |
Kraken Futures PF_WUSD
MEXC W_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
- −$200.63
- Price spread: −0.267% → −0.110%
- −$15.73
- Slippage, 4 orders
- −$137.28
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$367.64
- Costs to cover
- 1.513%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 17 min ago; MEXC: live order book, 3 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, 17 min ago | 8.53 bp | 87.7 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.85 bp | 8.3 bp −$8 | 54.0 bp −$540 | 79.0 bp −$7,898 | 148.2 bp −$74.1K |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0510% | 1h | 0.01183 | −0.225% | $18K | $531 | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.003% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01183 | −0.191% | $2.0M | $476K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01182 | −0.262% | $3.0M | $7.9M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01181 | −0.377% | $4.1M | $2.1M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01181 | −0.360% | $1.3M | $2.3M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01180 | −0.444% | $447K | $313K | 75x | as long as short |
| MEXC W_USDTshort | +0.0100% | 4h | 0.01182 | −0.267% | $13.1M | $1.8M | 50x | |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01181 | −0.360% | $425K | $246K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01183 | −0.191% | $1.3M | $561K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01182 | −0.292% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01176 | −0.751% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01181 | −0.342% | $134K | $422K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01182 | −0.281% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0248% | 1h | 0.01184 | −0.073% | $14K | $19K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0317% | 1h | 0.01184 | −0.098% | $44K | $52K | 15x | as long as short |
| Kraken Futures PF_WUSDlong | +0.1055% | 1h | 0.01185 | long leg | $147K | $189K | 20x |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP