Funding you earn now, next payment 05:00 UTC+0.2987%/8h= +327.1% APRpaid last 24h +2.226%
Price spread now: Kraken Futures against Bybit+0.064%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$90 a day on $10k at the current rate, and Kraken Futures is 0.064% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALCHUSDT | 0.05076 | 0.0100 | pay 0.0050% / 4h | 2h 59m | $2.9M | $6.2M | 20x |
| Short | Kraken Futures PF_ALCHUSD | 0.05079 | 0.3087 | get 0.0386% / 1h | 59m 51s | $13K | $34K | 10x |
Bybit ALCHUSDT
Kraken Futures PF_ALCHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $627.28
- Price spread: +0.064% → 0.000%
- $6.37
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $612.66
- Costs to cover
- 0.210%
- Break-even
- 0.2 days
Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 4.91 bp | 85.7 bp −$86 | 633.8 bp −$6,338 | doesn't fit | doesn't fit |
| 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.
ALCH 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 ALCHUSDTlong | +0.0100% | 4h | 0.05076 | long leg | $2.9M | $6.2M | 20x | |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05087 | +0.217% | $902K | $1.9M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05087 | +0.209% | $4K | $18K | — | as long as short |
| Gate ALCH_USDT | +0.0146% | 4h | 0.05087 | +0.217% | $289K | $710K | 20x | as long as short |
| Aster ALCHUSDT | +0.0571% | 4h | 0.05071 | −0.099% | $11K | $112K | 5x | as long as short |
| BingX ALCH-USDT | +0.0608% | 4h | 0.05080 | +0.079% | — | $6.8M | — | as long as short |
| BloFin ALCH-USDT | +0.0627% | 4h | 0.05101 | +0.493% | $391K | $115K | 10x | as long as short |
| MEXC ALCH_USDT | +0.0654% | 4h | 0.05093 | +0.335% | $4.9M | $2.5M | 100x | as long as short |
| Binance ALCHUSDT | +0.0668% | 4h | 0.05082 | +0.117% | $6.0M | $27.8M | 10x | as long as short |
| KuCoin ALCHUSDTM | +0.1158% | 4h | 0.05076 | 0.000% | $1.2M | $280K | 10x | as long as short |
Bitget ALCHUSDT
Variational Omni ALCH
Gate ALCH_USDT
Aster ALCHUSDT
BingX ALCH-USDT
BloFin ALCH-USDT
MEXC ALCH_USDT
Binance ALCHUSDT
KuCoin ALCHUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALCHUSDshort | +0.3087% | 1h | 0.05079 | +0.064% | $13K | $34K | 10x |