Funding you earn now, next payment 05:00 UTC+0.0433%/8h= +47.5% APRpaid last 24h +0.276%
Price spread now: Kraken Futures against Bybit+0.162%55s7-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 +$13 a day on $10k at the current rate, and Kraken Futures is 0.162% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALICEUSDT | 0.1454 | 0.0711 | pay 0.0711% / 8h | 3h 30m | $659K | $193K | 25x |
| Short | Kraken Futures PF_ALICEUSD | 0.1457 | 0.1144 | get 0.0143% / 1h | 30m 22s | $33K | $4K | 10x |
Bybit ALICEUSDT
Kraken Futures PF_ALICEUSDFunding 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
- $91.03
- Price spread: +0.162% → 0.000%
- $16.17
- 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
- $86.21
- Costs to cover
- 0.210%
- Break-even
- 0.4 days
Slippage unknown: Bybit: live order book, 15 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, 15 min ago | 7.22 bp | 137.4 bp −$137 | doesn't fit | 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.
ALICE 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ALICEUSDT | +0.0100% | 4h | 0.1452 | −0.156% | $9K | $537 | 5x | as long as short |
| Binance ALICEUSDT | +0.0100% | 4h | 0.1453 | −0.089% | $2.3M | $2.7M | 50x | as long as short |
| MEXC ALICE_USDT | +0.0100% | 4h | 0.1452 | −0.158% | $549K | $120K | 50x | as long as short |
| KuCoin ALICEUSDTM | +0.0100% | 4h | 0.1453 | −0.089% | $423K | $48K | 30x | as long as short |
| Bitget ALICEUSDT | +0.0100% | 4h | 0.1451 | −0.227% | $996K | $128K | 50x | as long as short |
| BingX ALICE-USDT | +0.0100% | 4h | 0.1453 | −0.089% | — | $1.3M | — | as long as short |
| BloFin ALICE-USDT | +0.0148% | 4h | 0.1451 | −0.227% | $157K | $13K | 50x | as long as short |
| Variational Omni ALICE | +0.0182% | 8h | 0.1455 | +0.072% | $478 | $477 | — | as long as short |
| Gate ALICE_USDT | +0.0367% | 8h | 0.1454 | −0.021% | $92K | $92K | 25x | as long as short |
| Bybit ALICEUSDTlong | +0.0711% | 8h | 0.1454 | long leg | $659K | $193K | 25x |
Aster ALICEUSDT
Binance ALICEUSDT
MEXC ALICE_USDT
KuCoin ALICEUSDTM
Bitget ALICEUSDT
BingX ALICE-USDT
BloFin ALICE-USDT
Variational Omni ALICE
Gate ALICE_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALICEUSDshort | +0.1144% | 1h | 0.1457 | +0.162% | $33K | $4K | 10x |