Funding you earn now, next payment 02:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.289%
Price spread now: Kraken Futures against Bybit−0.094%7-day average +0.071% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.388%+$139 on $10k
+Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.094%, 7d avg +0.071%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.165% cheaper against Bybit than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.071%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.388%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BATUSDT | 0.08360 | 0.0100 | pay 0.0100% / 8h | 6h 48m | $1.1M | $464K | 25x |
| Short | Kraken Futures PF_BATUSD | 0.08352 | −0.0155 | pay 0.0019% / 1h | 48m 43s | $115K | $16K | 10x |
Bybit BATUSDT
Kraken Futures PF_BATUSDFunding 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
- −$53.52
- Price spread: −0.094% → +0.071%
- −$16.55
- 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
- −$91.07
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; Kraken Futures: live order book, 18 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 Bybit live order book, 2 min ago | 3.59 bp | 48.5 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 18 min ago | 14.87 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
BAT 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_BATUSDshort | −0.0155% | 1h | 0.08352 | −0.094% | $115K | $16K | 10x | |
| Binance BATUSDT | +0.0100% | 8h | 0.08360 | 0.000% | $1.9M | $2.0M | 50x | as long as short |
| Bybit BATUSDTlong | +0.0100% | 8h | 0.08360 | long leg | $1.1M | $464K | 25x | |
| OKX BAT-USDT-SWAP | +0.0100% | 8h | 0.08359 | −0.012% | $531K | $449K | 20x | as long as short |
| Gate BAT_USDT | +0.0100% | 8h | 0.08356 | −0.048% | $83K | $44K | 25x | as long as short |
| MEXC BAT_USDT | +0.0100% | 8h | 0.08360 | 0.000% | $846K | $625K | 125x | as long as short |
| KuCoin BATUSDTM | +0.0100% | 8h | 0.08370 | +0.120% | $263K | $59K | 20x | as long as short |
| Bitget BATUSDT | +0.0100% | 8h | 0.08358 | −0.024% | $670K | $180K | 50x | as long as short |
| BingX BAT-USDT | +0.0100% | 8h | 0.08362 | +0.024% | — | $1.3M | — | as long as short |
| Variational Omni BAT | +0.0100% | 8h | 0.08340 | −0.237% | $113K | $78 | — | as long as short |
Binance BATUSDT
OKX BAT-USDT-SWAP
Gate BAT_USDT
MEXC BAT_USDT
KuCoin BATUSDTM
Bitget BATUSDT
BingX BAT-USDT
Variational Omni BATShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin BAT-USDT | +0.0108% | 8h | 0.08347 | −0.156% | $99K | $22K | 50x | as long as short |
BloFin BAT-USDT