Funding you earn now, next payment 00:00 UTC−0.1044%/8h= −114.4% APRpaid last 24h −0.296%
Price spread now: Kraken Futures against Bybit−0.202%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
Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Kraken Futures is 0.202% cheaper against Bybit than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BBUSDT | 0.009085 | 0.0100 | pay 0.0050% / 4h | 57m 31s | $686K | $756K | 25x |
| Short | Kraken Futures PF_BBUSD | 0.009067 | −0.0944 | pay 0.0118% / 1h | 57m 31s | $22K | $1K | 10x |
Bybit BBUSDT
Kraken Futures PF_BBUSDFunding 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
- −$219.34
- Price spread: −0.202% → 0.000%
- −$20.21
- 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
- −$260.56
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 17 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, 17 min ago | 7.15 bp | 89.5 bp −$89 | 477.1 bp −$4,771 | 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.
BB on 9 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_BBUSDshort | −0.0944% | 1h | 0.009067 | −0.202% | $22K | $1K | 10x | |
| Aster BBUSDT | +0.0100% | 4h | 0.009070 | −0.165% | $13K | $13K | 5x | as long as short |
| Binance BBUSDT | +0.0100% | 4h | 0.009072 | −0.147% | $3.2M | $6.6M | 50x | as long as short |
| Bybit BBUSDTlong | +0.0100% | 4h | 0.009085 | long leg | $686K | $756K | 25x | |
| Gate BB_USDT | +0.0100% | 4h | 0.009080 | −0.055% | $130K | $198K | 50x | as long as short |
| MEXC BB_USDT | +0.0100% | 4h | 0.009070 | −0.165% | $1.5M | $579K | 100x | as long as short |
| KuCoin BBUSDTM | +0.0100% | 4h | 0.009080 | −0.055% | $448K | $79K | 50x | as long as short |
| Bitget BBUSDT | +0.0100% | 4h | 0.009070 | −0.165% | $326K | $435K | 50x | as long as short |
| BingX BB-USDT | +0.0100% | 4h | 0.009077 | −0.088% | — | $1.3M | — | as long as short |
Aster BBUSDT
Binance BBUSDT
Gate BB_USDT
MEXC BB_USDT
KuCoin BBUSDTM
Bitget BBUSDT
BingX BB-USDT