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Funding arb · Price arb /

BAND

all BAND markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.1881%/8h= +206.0% APRpaid last 24h +0.554%
Price spread now: Bybit against Kraken Futures−0.453%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Bybit
What this pair did over the last
the charts below follow
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
Funding pays, the price is against you. Bybit is 0.453% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.453% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$45 on $10k: about 19 hours of funding at the current rate (+$56 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_BANDUSD0.2160−0.1781get 0.0223% / 1h24m 52s$20K$93910x
ShortBybit BANDUSDT0.21500.0100get 0.0100% / 8h4h 24m$306K$186K20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$395.11
Price spread: −0.453% → 0.000%
−$45.28
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
$328.83
Costs to cover
0.210%
Break-even
1.2 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 24 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell Bybit live order book, 24 min ago7.01 bp117.9 bp −$118doesn't fitdoesn't fitdoesn'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.

BAND on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BANDUSDlong−0.1781%1h0.2160long leg$20K$93910x
BloFin BAND-USDT+0.0075%8h0.2150−0.453%$74K$8K50xas long as short
Binance BANDUSDT+0.0100%8h0.2150−0.441%$1.3M$1.7M50xas long as short
Bybit BANDUSDTshort+0.0100%8h0.2150−0.453%$306K$186K20x
OKX BAND-USDT-SWAP+0.0100%8h0.2150−0.453%$233K$413K10xas long as short
Gate BAND_USDT+0.0100%8h0.2156−0.175%$199K$63K20xas long as short
MEXC BAND_USDT+0.0100%8h0.2150−0.453%$365K$146K100xas long as short
KuCoin BANDUSDTM+0.0100%8h0.2152−0.360%$745K$55K30xas long as short
Bitget BANDUSDT+0.0100%8h0.2149−0.499%$804K$105K50xas long as short
Variational Omni BAND+0.0100%8h0.2150−0.471%$7K$963—as long as short