Funding you earn now, next payment 05:00 UTC−0.0433%/8h= −47.5% APRpaid last 24h −0.276%
Price spread now: Bybit against Kraken Futures−0.161%55s7-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 −$13 a day on $10k at the current rate, and Bybit is 0.161% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | Kraken Futures PF_ALICEUSD | 0.1457 | 0.1144 | pay 0.0143% / 1h | 30m 25s | $33K | $4K | 10x |
| Short | Bybit ALICEUSDT | 0.1454 | 0.0711 | get 0.0711% / 8h | 3h 30m | $659K | $193K | 25x |
Kraken Futures PF_ALICEUSD
Bybit ALICEUSDTFunding 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
- −$91.03
- Price spread: −0.161% → 0.000%
- −$16.15
- 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
- −$128.18
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 15 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, 15 min ago | 7.22 bp | 135.5 bp −$136 | doesn't fit | 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.
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 | −0.317% | $9K | $537 | 5x | as long as short |
| Binance ALICEUSDT | +0.0100% | 4h | 0.1453 | −0.251% | $2.3M | $2.7M | 50x | as long as short |
| MEXC ALICE_USDT | +0.0100% | 4h | 0.1452 | −0.319% | $549K | $120K | 50x | as long as short |
| KuCoin ALICEUSDTM | +0.0100% | 4h | 0.1453 | −0.251% | $423K | $48K | 30x | as long as short |
| Bitget ALICEUSDT | +0.0100% | 4h | 0.1451 | −0.388% | $996K | $128K | 50x | as long as short |
| BingX ALICE-USDT | +0.0100% | 4h | 0.1453 | −0.251% | — | $1.3M | — | as long as short |
| BloFin ALICE-USDT | +0.0148% | 4h | 0.1451 | −0.388% | $157K | $13K | 50x | as long as short |
| Variational Omni ALICE | +0.0182% | 8h | 0.1455 | −0.090% | $478 | $477 | — | as long as short |
| Gate ALICE_USDT | +0.0367% | 8h | 0.1454 | −0.182% | $92K | $92K | 25x | as long as short |
| Bybit ALICEUSDTshort | +0.0711% | 8h | 0.1454 | −0.161% | $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_ALICEUSDlong | +0.1144% | 1h | 0.1457 | long leg | $33K | $4K | 10x |