Funding you earn now, next payment 06:00 UTC+0.0674%/8h= +73.8% APRpaid last 24h −0.344%
Price spread now: Bybit against Kraken Futures+0.094%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bybit is 0.094% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CETUSUSD | 0.02650 | −0.0574 | get 0.0072% / 1h | 38m 35s | $12K | $32K | 10x |
| Short | Bybit CETUSUSDT | 0.02652 | 0.0100 | get 0.0050% / 4h | 2h 38m | $415K | $1.0M | 13x |
Kraken Futures PF_CETUSUSD
Bybit CETUSUSDTFunding 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
- $141.46
- Price spread: +0.094% → 0.000%
- $9.37
- 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
- $129.84
- Costs to cover
- 0.210%
- Break-even
- 0.6 days
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 | 12.62 bp | 149.0 bp −$149 | 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.
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_CETUSUSDlong | −0.0574% | 1h | 0.02650 | long leg | $12K | $32K | 10x | |
| Binance CETUSUSDT | +0.0100% | 4h | 0.02652 | +0.079% | $1.4M | $5.9M | 50x | as long as short |
| Bybit CETUSUSDTshort | +0.0100% | 4h | 0.02652 | +0.094% | $415K | $1.0M | 13x | |
| Gate CETUS_USDT | +0.0100% | 4h | 0.02655 | +0.192% | $207K | $105K | 20x | as long as short |
| MEXC CETUS_USDT | +0.0100% | 4h | 0.02648 | −0.072% | $223K | $134K | 100x | as long as short |
| KuCoin CETUSUSDTM | +0.0100% | 4h | 0.02654 | +0.154% | $450K | $236K | 30x | as long as short |
| Bitget CETUSUSDT | +0.0100% | 4h | 0.02652 | +0.079% | $282K | $212K | 25x | as long as short |
| BingX CETUS-USDT | +0.0100% | 4h | 0.02650 | +0.003% | — | $1.4M | — | as long as short |
| Variational Omni CETUS | +0.0100% | 4h | 0.02658 | +0.323% | $6K | $14K | — | as long as short |
| BloFin CETUS-USDT | +0.0135% | 4h | 0.02652 | +0.079% | $93K | $94K | 50x | as long as short |
Binance CETUSUSDT
Gate CETUS_USDT
MEXC CETUS_USDT
KuCoin CETUSUSDTM
Bitget CETUSUSDT
BingX CETUS-USDT
Variational Omni CETUS
BloFin CETUS-USDT