Funding you earn now, next payment 02:00 UTC−0.5835%/8h= −639.0% APRpaid last 24h −0.767%
Price spread now: Bybit against Kraken Futures−0.570%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 −$175 a day on $10k at the current rate, and Bybit is 0.570% cheaper against Kraken Futures than usual: you would sell low and buy high (−$57 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 | Kraken Futures PF_BICOUSD | 0.02269 | 0.6382 | pay 0.0798% / 1h | 50m 46s | $39K | $52K | 20x |
| Short | Bybit BICOUSDT | 0.02256 | 0.0546 | get 0.0546% / 8h | 6h 50m | $2.4M | $3.7M | 20x |
Kraken Futures PF_BICOUSD
Bybit BICOUSDTFunding 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
- −$1,225.45
- Price spread: −0.570% → 0.000%
- −$57
- 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
- −$1,303.44
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 2 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 5.99 bp | 62.3 bp −$62 | doesn't fit | 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.
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 | 0.02250 | −0.843% | $94K | $19K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02253 | −0.692% | $4.1M | $8.5M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02255 | −0.623% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02254 | −0.667% | $1.8M | $1.0M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02253 | −0.711% | $642K | $479K | 10x | as long as short |
| KuCoin BICOUSDTM | +0.0197% | 8h | 0.02259 | −0.447% | $1.1M | $1.3M | 20x | as long as short |
| Variational Omni BICO | +0.0221% | 8h | 0.02254 | −0.673% | $14K | $8K | — | as long as short |
| Gate BICO_USDT | +0.0338% | 8h | 0.02253 | −0.711% | $404K | $296K | 20x | as long as short |
| BingX BICO-USDT | +0.0494% | 8h | 0.02254 | −0.667% | — | $1.7M | — | as long as short |
| Bybit BICOUSDTshort | +0.0546% | 8h | 0.02256 | −0.570% | $2.4M | $3.7M | 20x |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Bitget BICOUSDT
KuCoin BICOUSDTM
Variational Omni BICO
Gate BICO_USDT
BingX BICO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSDlong | +0.6382% | 1h | 0.02269 | long leg | $39K | $52K | 20x |