Funding you earn now, next payment 21:00 UTC+0.0955%/8h= +104.6% APRpaid last 24h −0.040%
Price spread now: Kraken Futures against MEXC+0.268%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as 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 +0.268%, 7d avg +0.110%
=Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Kraken Futures is 0.158% dearer against MEXC than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.110%.
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 | MEXC W_USDT | 0.01182 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $13.1M | $1.8M | 50x |
| Short | Kraken Futures PF_WUSD | 0.01185 | 0.1055 | get 0.0132% / 1h | 30m 49s | $147K | $189K | 20x |
MEXC W_USDT
Kraken Futures PF_WUSDFunding 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
- $200.63
- Price spread: +0.268% → +0.110%
- $15.81
- Slippage, 4 orders
- −$137.28
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $65.15
- Costs to cover
- 1.513%
- Break-even
- 4.7 days
Slippage from MEXC: live order book, 3 min ago; Kraken Futures: live order book, 17 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, 3 min ago | 0.85 bp | 7.2 bp −$7 | 55.0 bp −$550 | 81.8 bp −$8,185 | 151.6 bp −$75.8K |
| Sell Kraken Futures live order book, 17 min ago | 8.53 bp | 48.1 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
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 | +0.042% | $18K | $531 | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.276% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01183 | +0.076% | $2.0M | $476K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01182 | +0.005% | $3.0M | $7.9M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01181 | −0.110% | $4.1M | $2.1M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01181 | −0.093% | $1.3M | $2.3M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01180 | −0.178% | $447K | $313K | 75x | as long as short |
| MEXC W_USDTlong | +0.0100% | 4h | 0.01182 | long leg | $13.1M | $1.8M | 50x | |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01181 | −0.093% | $425K | $246K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01183 | +0.076% | $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 | −0.025% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01176 | −0.485% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01181 | −0.075% | $134K | $422K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01182 | −0.014% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0248% | 1h | 0.01184 | +0.195% | $14K | $19K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0317% | 1h | 0.01184 | +0.169% | $44K | $52K | 15x | as long as short |
| Kraken Futures PF_WUSDshort | +0.1055% | 1h | 0.01185 | +0.268% | $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