Funding you earn now, next payment 04:00 UTC+0.0506%/8h= +55.4% APRpaid last 24h +0.297%
Price spread now: Bybit against Kraken Futures−0.073%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
Funding pays, the price is against you. Bybit is 0.073% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 12 hours of funding at the current rate (+$15 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_C98USD | 0.01644 | −0.0406 | get 0.0051% / 1h | 26m 54s | $17K | $2K | 10x |
| Short | Bybit C98USDT | 0.01643 | 0.0100 | get 0.0100% / 8h | 4h 26m | $875K | $328K | 25x |
Kraken Futures PF_C98USD
Bybit C98USDTFunding 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
- $106.31
- Price spread: −0.073% → 0.000%
- −$7.31
- 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
- $78.01
- Costs to cover
- 0.210%
- Break-even
- 1.9 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 28 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, 28 min ago | 12.16 bp | 112.8 bp −$113 | 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.
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_C98USDlong | −0.0406% | 1h | 0.01644 | long leg | $17K | $2K | 10x | |
| BloFin C98-USDT | +0.0096% | 8h | 0.01644 | −0.012% | $131K | $18K | 50x | as long as short |
| Binance C98USDT | +0.0100% | 8h | 0.01643 | −0.099% | $1.4M | $2.0M | 50x | as long as short |
| Bybit C98USDTshort | +0.0100% | 8h | 0.01643 | −0.073% | $875K | $328K | 25x | |
| Gate C98_USDT | +0.0100% | 8h | 0.01644 | −0.012% | $103K | $47K | 25x | as long as short |
| MEXC C98_USDT | +0.0100% | 8h | 0.01642 | −0.134% | $284K | $108K | 100x | as long as short |
| KuCoin C98USDTM | +0.0100% | 8h | 0.01643 | −0.073% | $200K | $40K | 20x | as long as short |
| Bitget C98USDT | +0.0100% | 8h | 0.01642 | −0.134% | $191K | $323K | 50x | as long as short |
| Variational Omni C98 | +0.0100% | 8h | 0.01646 | +0.092% | $8K | $204 | — | as long as short |
BloFin C98-USDT
Binance C98USDT
Gate C98_USDT
MEXC C98_USDT
KuCoin C98USDTM
Bitget C98USDT
Variational Omni C98