Funding you earn now, next payment 04:00 UTC+0.0396%/8h= +43.4% APRpaid last 24h +0.303%
Price spread now: Bybit against Kraken Futures+0.058%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 +$12 a day on $10k at the current rate, and Bybit is 0.058% dearer against Kraken Futures than usual: you sell high and buy low: +$6 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 | Kraken Futures PF_AUCTIONUSD | 3.6819 | −0.0296 | get 0.0037% / 1h | 49m 45s | $8K | $272 | 10x |
| Short | Bybit AUCTIONUSDT | 3.6840 | 0.0100 | get 0.0050% / 4h | 49m 45s | $586K | $273K | 25x |
Kraken Futures PF_AUCTIONUSD
Bybit AUCTIONUSDTFunding 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
- $83.25
- Price spread: +0.058% → 0.000%
- $5.75
- 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
- $68
- Costs to cover
- 0.210%
- Break-even
- 1.3 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, just now. 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, just now | 5.43 bp | 37.9 bp −$38 | 97.6 bp −$976 | 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.
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_AUCTIONUSDlong | −0.0296% | 1h | 3.6819 | long leg | $8K | $272 | 10x | |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.6804 | −0.041% | $969 | $3K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.6771 | −0.130% | $2.4M | $1.6M | 50x | as long as short |
| Bybit AUCTIONUSDTshort | +0.0100% | 4h | 3.6840 | +0.058% | $586K | $273K | 25x | |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.6760 | −0.160% | $773K | $679K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.6850 | +0.085% | $105K | $69K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.6790 | −0.078% | $436K | $142K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.6820 | +0.003% | $368K | $111K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.6810 | −0.024% | $371K | $159K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.6810 | −0.024% | — | $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 | 3.6884 | +0.176% | $171 | $38 | — | as long as short |
Variational Omni AUCTION