Funding you earn now, next payment 03:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h +0.351%
Price spread now: Kraken Futures against Bybit−0.035%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 −$9 a day on $10k at the current rate, and Kraken Futures is 0.035% cheaper against Bybit than usual: you would sell low and buy high (−$4 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 CETUSUSDT | 0.02704 | 0.0100 | pay 0.0050% / 4h | 1h 13m | $426K | $1.0M | 13x |
| Short | Kraken Futures PF_CETUSUSD | 0.02704 | −0.0204 | pay 0.0025% / 1h | 13m 52s | $13K | $32K | 10x |
Bybit CETUSUSDT
Kraken Futures PF_CETUSUSDFunding 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
- −$63.78
- Price spread: −0.035% → 0.000%
- −$3.54
- 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
- −$88.32
- Costs to cover
- 0.210%
- Break-even
- never at this rate
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 | 9.61 bp | 137.6 bp −$138 | 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.
CETUS on 10 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_CETUSUSDshort | −0.0204% | 1h | 0.02704 | −0.035% | $13K | $32K | 10x | |
| BloFin CETUS-USDT | +0.0075% | 4h | 0.02699 | −0.203% | $69K | $75K | 50x | as long as short |
| Binance CETUSUSDT | +0.0100% | 4h | 0.02702 | −0.080% | $1.5M | $6.0M | 50x | as long as short |
| Bybit CETUSUSDTlong | +0.0100% | 4h | 0.02704 | long leg | $426K | $1.0M | 13x | |
| Gate CETUS_USDT | +0.0100% | 4h | 0.02707 | +0.092% | $213K | $110K | 20x | as long as short |
| MEXC CETUS_USDT | +0.0100% | 4h | 0.02702 | −0.092% | $234K | $140K | 100x | as long as short |
| KuCoin CETUSUSDTM | +0.0100% | 4h | 0.02717 | +0.462% | $476K | $226K | 30x | as long as short |
| Bitget CETUSUSDT | +0.0100% | 4h | 0.02708 | +0.129% | $294K | $215K | 25x | as long as short |
| BingX CETUS-USDT | +0.0100% | 4h | 0.02705 | +0.018% | — | $1.4M | — | as long as short |
| Variational Omni CETUS | +0.0100% | 4h | 0.02713 | +0.300% | $6K | $14K | — | as long as short |
BloFin CETUS-USDT
Binance CETUSUSDT
Gate CETUS_USDT
MEXC CETUS_USDT
KuCoin CETUSUSDTM
Bitget CETUSUSDT
BingX CETUS-USDT
Variational Omni CETUS