Funding you earn now, next payment 04:00 UTC−0.0140%/8h= −15.4% APRpaid last 24h +0.109%
Price spread now: Bybit against Kraken Futures−0.029%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 −$4 a day on $10k at the current rate, and Bybit is 0.029% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 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_ANIMEUSD | 0.003360 | 0.0240 | pay 0.0030% / 1h | 26m 41s | $33K | $1K | 10x |
| Short | Bybit ANIMEUSDT | 0.003359 | 0.0100 | get 0.0050% / 4h | 26m 41s | $700K | $289K | 25x |
Kraken Futures PF_ANIMEUSD
Bybit ANIMEUSDTFunding 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
- −$29.5
- Price spread: −0.029% → 0.000%
- −$2.87
- 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
- −$53.38
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 28 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, 28 min ago | 2.97 bp | 72.6 bp −$73 | 216.5 bp −$2,165 | 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.
ANIME on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ANIME | +0.0100% | 1h | 0.003357 | −0.088% | $292K | $100K | 3x | as long as short |
| Aster ANIMEUSDT | +0.0100% | 4h | 0.003363 | +0.083% | $27K | $3K | 5x | as long as short |
| Binance ANIMEUSDT | +0.0100% | 4h | 0.003358 | −0.073% | $1.3M | $1.7M | 20x | as long as short |
| Bybit ANIMEUSDTshort | +0.0100% | 4h | 0.003359 | −0.029% | $700K | $289K | 25x | |
| OKX ANIME-USDT-SWAP | +0.0100% | 4h | 0.003355 | −0.148% | $428K | $542K | 20x | as long as short |
| Gate ANIME_USDT | +0.0100% | 4h | 0.003359 | −0.029% | $140K | $63K | 25x | as long as short |
| MEXC ANIME_USDT | +0.0100% | 4h | 0.003358 | −0.058% | $211K | $89K | 20x | as long as short |
| KuCoin ANIMEUSDTM | +0.0100% | 4h | 0.003360 | +0.001% | $438K | $60K | 20x | as long as short |
| Bitget ANIMEUSDT | +0.0100% | 4h | 0.003356 | −0.118% | $849K | $163K | 10x | as long as short |
| BingX ANIME-USDT | +0.0100% | 4h | 0.003361 | +0.031% | — | $6.5M | — | as long as short |
Hyperliquid ANIME
Aster ANIMEUSDT
Binance ANIMEUSDT
OKX ANIME-USDT-SWAP
Gate ANIME_USDT
MEXC ANIME_USDT
KuCoin ANIMEUSDTM
Bitget ANIMEUSDT
BingX ANIME-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ANIME | +0.0100% | 4h | 0.003362 | +0.073% | $11K | $553 | — | as long as short |
| Kraken Futures PF_ANIMEUSDlong | +0.0240% | 1h | 0.003360 | long leg | $33K | $1K | 10x | |
| GMX ANIME/USD [ANIME-USDC] | L +0.0497% / S −0.2017% | 1h | 0.003357 | −0.088% | $820 | — | 100x | as long as short |
Variational Omni ANIME
GMX ANIME/USD [ANIME-USDC]