Funding you earn now, next payment 01:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.015%
Price spread now: Kraken Futures against Bybit+0.070%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 +$7 a day on $10k at the current rate, and Kraken Futures is 0.070% dearer against Bybit than usual: you sell high and buy low: +$7 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 API3USDT | 0.2624 | 0.0100 | pay 0.0050% / 4h | 3h 43m | $994K | $396K | 25x |
| Short | Kraken Futures PF_API3USD | 0.2626 | 0.0340 | get 0.0042% / 1h | 43m 37s | $13K | $2K | 10x |
Bybit API3USDT
Kraken Futures PF_API3USDFunding 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
- $50.38
- Price spread: +0.070% → 0.000%
- $6.96
- 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
- $36.33
- Costs to cover
- 0.210%
- Break-even
- 2.0 days
Slippage unknown: Bybit: live order book, 27 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, 27 min ago | 1.91 bp | 88.2 bp −$88 | 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.
API3 on 12 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 API3USDT | +0.0100% | 4h | 0.2623 | −0.056% | $2K | $5K | 5x | as long as short |
| Binance API3USDT | +0.0100% | 4h | 0.2621 | −0.113% | $2.7M | $2.0M | 50x | as long as short |
| Bybit API3USDTlong | +0.0100% | 4h | 0.2624 | long leg | $994K | $396K | 25x | |
| OKX API3-USDT-SWAP | +0.0100% | 4h | 0.2621 | −0.114% | $650K | $517K | 10x | as long as short |
| Gate API3_USDT | +0.0100% | 8h | 0.2625 | +0.038% | $136K | $87K | 50x | as long as short |
| MEXC API3_USDT | +0.0100% | 4h | 0.2622 | −0.076% | $451K | $243K | 50x | as long as short |
| KuCoin API3USDTM | +0.0100% | 4h | 0.2622 | −0.076% | $1.0M | $272K | 30x | as long as short |
| Bitget API3USDT | +0.0100% | 4h | 0.2624 | 0.000% | $667K | $204K | 20x | as long as short |
| BingX API3-USDT | +0.0100% | 4h | 0.2624 | 0.000% | — | $6.7M | — | as long as short |
| Variational Omni API3 | +0.0100% | 4h | 0.2623 | −0.054% | $6K | $1 | — | as long as short |
Aster API3USDT
Binance API3USDT
OKX API3-USDT-SWAP
Gate API3_USDT
MEXC API3_USDT
KuCoin API3USDTM
Bitget API3USDT
BingX API3-USDT
Variational Omni API3Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin API3-USDT | +0.0159% | 4h | 0.2622 | −0.076% | $137K | $35K | 50x | as long as short |
| Kraken Futures PF_API3USDshort | +0.0340% | 1h | 0.2626 | +0.070% | $13K | $2K | 10x |
BloFin API3-USDT