Funding you earn now, next payment 03:00 UTC−0.0463%/8h= −50.7% APRpaid last 24h −0.314%
Price spread now: Kraken Futures against Bybit−0.002%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AUCTIONUSDT | 3.7220 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $595K | $271K | 25x |
| Short | Kraken Futures PF_AUCTIONUSD | 3.7219 | −0.0363 | pay 0.0045% / 1h | 35m 08s | $8K | $256 | 10x |
Bybit AUCTIONUSDT
Kraken Futures PF_AUCTIONUSDFunding 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
- −$97.3
- Price spread: −0.002% → 0.000%
- −$0.15
- 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
- −$118.45
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 20 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, 20 min ago | 5.44 bp | 35.3 bp −$35 | 69.0 bp −$690 | 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.
AUCTION 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AUCTIONUSDshort | −0.0363% | 1h | 3.7219 | −0.002% | $8K | $256 | 10x | |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.7171 | −0.132% | $929 | $2K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.7190 | −0.081% | $2.5M | $1.6M | 50x | as long as short |
| Bybit AUCTIONUSDTlong | +0.0100% | 4h | 3.7220 | long leg | $595K | $271K | 25x | |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.7190 | −0.081% | $778K | $685K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.7160 | −0.161% | $104K | $71K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.7200 | −0.054% | $440K | $143K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.7190 | −0.081% | $372K | $111K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.7180 | −0.107% | $377K | $152K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.7180 | −0.107% | — | $7.7M | — | as long as short |
Aster AUCTIONUSDT
Binance AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
MEXC AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDT
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.7213 | −0.019% | $172 | $38 | — | as long as short |
Variational Omni AUCTION