Funding you earn now, next payment 08:00 UTC−0.2461%/8h= −269.5% APRpaid last 24h −2.249%
Price spread now: Bybit against Kraken Futures+0.233%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
The price spread pays, funding is against you. Bybit is 0.233% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.233% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$74 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALCHUSD | 0.05155 | 0.2561 | pay 0.0320% / 1h | 40m 56s | $13K | $36K | 10x |
| Short | Bybit ALCHUSDT | 0.05167 | 0.0100 | get 0.0050% / 4h | 40m 56s | $3.0M | $6.5M | 20x |
Kraken Futures PF_ALCHUSD
Bybit ALCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$516.87
- Price spread: +0.233% → 0.000%
- $23.3
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$514.56
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 10.62 bp | 86.0 bp −$86 | 317.7 bp −$3,177 | doesn't fit | 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.
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 ALCHUSDTshort | +0.0100% | 4h | 0.05167 | +0.233% | $3.0M | $6.5M | 20x | |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05169 | +0.272% | $295K | $734K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05185 | +0.582% | $911K | $2.1M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05167 | +0.233% | $4K | $18K | — | as long as short |
| Aster ALCHUSDT | +0.0602% | 4h | 0.05176 | +0.417% | $12K | $130K | 5x | as long as short |
| BingX ALCH-USDT | +0.0708% | 4h | 0.05177 | +0.427% | — | $6.8M | — | as long as short |
| MEXC ALCH_USDT | +0.0762% | 4h | 0.05177 | +0.427% | $5.1M | $2.6M | 100x | as long as short |
| Binance ALCHUSDT | +0.0763% | 4h | 0.05172 | +0.334% | $6.1M | $28.9M | 10x | as long as short |
| BloFin ALCH-USDT | +0.0804% | 4h | 0.05195 | +0.776% | $390K | $124K | 10x | as long as short |
| KuCoin ALCHUSDTM | +0.1134% | 4h | 0.05169 | +0.272% | $1.2M | $320K | 10x | as long as short |
Gate ALCH_USDT
Bitget ALCHUSDT
Variational Omni ALCH
Aster ALCHUSDT
BingX ALCH-USDT
MEXC ALCH_USDT
Binance ALCHUSDT
BloFin ALCH-USDT
KuCoin ALCHUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALCHUSDlong | +0.2561% | 1h | 0.05155 | long leg | $13K | $36K | 10x |