Funding you earn now, next payment 09:00 UTC−0.0658%/8h= −72.0% APRpaid last 24h −0.159%
Price spread now: MEXC against Kraken Futures−0.076%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and MEXC is 0.076% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZRXUSD | 0.1185 | 0.0758 | pay 0.0095% / 1h | 37m 16s | $38K | $6K | 10x |
| Short | MEXC ZRX_USDT | 0.1184 | 0.0100 | get 0.0050% / 4h | 3h 37m | $888K | $168K | 50x |
Kraken Futures PF_ZRXUSD
MEXC ZRX_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
- −$138.16
- Price spread: −0.076% → 0.000%
- −$7.55
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$159.72
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 53 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, 53 min ago | 4.22 bp | 9.0 bp −$9 | 48.9 bp −$489 | 194.2 bp −$19.4K | 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.
ZRX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZRXUSDT | +0.0044% | 8h | 0.1184 | −0.042% | $1.4M | $341K | 25x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1183 | −0.140% | $1.7M | $1.4M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1184 | −0.076% | $520K | $357K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1181 | −0.295% | $142K | $37K | 75x | as long as short |
| MEXC ZRX_USDTshort | +0.0100% | 4h | 0.1184 | −0.076% | $888K | $168K | 50x | |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1182 | −0.244% | $293K | $58K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1185 | +0.009% | $591K | $125K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1184 | −0.076% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1184 | −0.113% | $22K | $13K | — | as long as short |
| BloFin ZRX-USDT | +0.0146% | 4h | 0.1184 | −0.076% | $91K | $23K | 50x | as long as short |
Bybit ZRXUSDT
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
KuCoin ZRXUSDTM
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRX
BloFin ZRX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSDlong | +0.0758% | 1h | 0.1185 | long leg | $38K | $6K | 10x |