Funding you earn now, next payment 12:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h +0.298%
Price spread now: Bybit against Kraken Futures−0.051%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 −$6 a day on $10k at the current rate, and Bybit is 0.051% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 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_BIGTIMEUSD | 0.008045 | 0.0295 | pay 0.0037% / 1h | 52m 29s | $8K | $7K | 10x |
| Short | Bybit BIGTIMEUSDT | 0.008041 | 0.0100 | get 0.0050% / 4h | 52m 29s | $638K | $701K | 25x |
Kraken Futures PF_BIGTIMEUSD
Bybit BIGTIMEUSDTFunding 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
- −$41.05
- Price spread: −0.051% → 0.000%
- −$5.06
- 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
- −$67.11
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 50 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, 50 min ago | 3.07 bp | 26.9 bp −$27 | 52.7 bp −$527 | 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.
BIGTIME on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX BIGTIME-USDT-SWAP | −0.0103% | 4h | 0.008040 | −0.063% | $426K | $278K | 10x | as long as short |
| Hyperliquid BIGTIME | +0.0100% | 1h | 0.008048 | +0.036% | $129K | $78K | 3x | as long as short |
| Binance BIGTIMEUSDT | +0.0100% | 4h | 0.008044 | −0.017% | $1.7M | $2.0M | 50x | as long as short |
| Bybit BIGTIMEUSDTshort | +0.0100% | 4h | 0.008041 | −0.051% | $638K | $701K | 25x | |
| Gate BIGTIME_USDT | +0.0100% | 4h | 0.008047 | +0.024% | $58K | $24K | 50x | as long as short |
| MEXC BIGTIME_USDT | +0.0100% | 4h | 0.008040 | −0.063% | $400K | $168K | 125x | as long as short |
| KuCoin BIGTIMEUSDTM | +0.0100% | 4h | 0.008059 | +0.173% | $228K | $27K | 20x | as long as short |
| Bitget BIGTIMEUSDT | +0.0100% | 4h | 0.008048 | +0.036% | $543K | $162K | 50x | as long as short |
| BingX BIGTIME-USDT | +0.0100% | 4h | 0.008047 | +0.024% | — | $2.3M | — | as long as short |
| Variational Omni BIGTIME | +0.0100% | 4h | 0.008053 | +0.103% | $10K | $1 | — | as long as short |
OKX BIGTIME-USDT-SWAP
Hyperliquid BIGTIME
Binance BIGTIMEUSDT
Gate BIGTIME_USDT
MEXC BIGTIME_USDT
KuCoin BIGTIMEUSDTM
Bitget BIGTIMEUSDT
BingX BIGTIME-USDT
Variational Omni BIGTIMEShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin BIGTIME-USDT | +0.0143% | 4h | 0.008038 | −0.088% | $88K | $5K | 50x | as long as short |
| Kraken Futures PF_BIGTIMEUSDlong | +0.0295% | 1h | 0.008045 | long leg | $8K | $7K | 10x |
BloFin BIGTIME-USDT