Funding you earn now, next payment 05:00 UTC−0.0363%/8h= −39.8% APRpaid last 24h −0.293%
Price spread now: Kraken Futures against Bybit−0.158%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 −$11 a day on $10k at the current rate, and Kraken Futures is 0.158% cheaper against Bybit than usual: you would sell low and buy high (−$16 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 C98USDT | 0.01631 | 0.0100 | pay 0.0100% / 8h | 3h 30m | $867K | $332K | 25x |
| Short | Kraken Futures PF_C98USD | 0.01628 | −0.0263 | pay 0.0033% / 1h | 30m 58s | $17K | $2K | 10x |
Bybit C98USDT
Kraken Futures PF_C98USDFunding 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
- −$76.33
- Price spread: −0.158% → 0.000%
- −$15.85
- 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
- −$113.17
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 19 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, 19 min ago | 12.19 bp | 112.5 bp −$112 | 2078.0 bp −$20.8K | 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.
C98 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_C98USDshort | −0.0263% | 1h | 0.01628 | −0.158% | $17K | $2K | 10x | |
| BloFin C98-USDT | +0.0079% | 8h | 0.01629 | −0.092% | $130K | $18K | 50x | as long as short |
| Binance C98USDT | +0.0100% | 8h | 0.01630 | −0.031% | $1.4M | $2.0M | 50x | as long as short |
| Bybit C98USDTlong | +0.0100% | 8h | 0.01631 | long leg | $867K | $332K | 25x | |
| Gate C98_USDT | +0.0100% | 8h | 0.01631 | +0.031% | $103K | $47K | 25x | as long as short |
| MEXC C98_USDT | +0.0100% | 8h | 0.01630 | −0.031% | $282K | $107K | 100x | as long as short |
| KuCoin C98USDTM | +0.0100% | 8h | 0.01633 | +0.153% | $199K | $39K | 20x | as long as short |
| Bitget C98USDT | +0.0100% | 8h | 0.01629 | −0.092% | $191K | $353K | 50x | as long as short |
| Variational Omni C98 | +0.0100% | 8h | 0.01631 | +0.013% | $8K | $202 | — | as long as short |
BloFin C98-USDT
Binance C98USDT
Gate C98_USDT
MEXC C98_USDT
KuCoin C98USDTM
Bitget C98USDT
Variational Omni C98