Funding you earn now, next payment 09:00 UTC+0.6077%/8h= +665.4% APRpaid last 24h +1.150%
Price spread now: Kraken Futures against Bybit+1.079%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.604%+$260 on $10k
+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 +$182 a day on $10k at the current rate, and Kraken Futures is 1.079% dearer against Bybit than usual: you sell high and buy low: +$108 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.604% in total (about 135.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BICOUSDT | 0.02228 | 0.0100 | pay 0.0100% / 8h | 7h 55m | $2.1M | $4.0M | 20x |
| Short | Kraken Futures PF_BICOUSD | 0.02252 | 0.6177 | get 0.0772% / 1h | 55m 47s | $39K | $66K | 20x |
Bybit BICOUSDT
Kraken Futures PF_BICOUSDFunding 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
- $1,276.17
- Price spread: +1.079% → 0.000%
- $107.91
- 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
- $1,363.08
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 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, 2 min ago | 0.45 bp | 30.0 bp −$30 | doesn't fit | 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.
BICO 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BICOUSDT | +0.0100% | 8h | 0.02230 | +0.103% | $93K | $23K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02228 | −0.015% | $3.9M | $8.5M | 20x | as long as short |
| Bybit BICOUSDTlong | +0.0100% | 8h | 0.02228 | long leg | $2.1M | $4.0M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02229 | +0.049% | $1.8M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02226 | −0.085% | $1.8M | $984K | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02230 | +0.094% | $976K | $1.5M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02226 | −0.085% | $648K | $520K | 10x | as long as short |
| BingX BICO-USDT | +0.0100% | 8h | 0.02228 | +0.004% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0100% | 8h | 0.02233 | +0.215% | $13K | $13K | — | as long as short |
| Gate BICO_USDT | +0.0562% | 8h | 0.02231 | +0.139% | $361K | $306K | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
KuCoin BICOUSDTM
Bitget BICOUSDT
BingX BICO-USDT
Variational Omni BICO
Gate BICO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSDshort | +0.6177% | 1h | 0.02252 | +1.079% | $39K | $66K | 20x |