Funding you earn now, next payment 22:00 UTC−0.0951%/8h= −104.1% APRpaid last 24h −0.053%
Price spread now: Kraken Futures against Bybit+0.177%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1501.500% of the position
Funding, last 7 days−0.275%−$27 on $10k
+Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.177%, 7d avg +0.084%
=The price spread pays, funding is against you. Kraken Futures is 0.092% dearer against Bybit than usual: you sell high and buy low (spread +0.177% now, against its 7-day average of +0.084%): +$9 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.275% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.275% in total (about -14.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COMPUSDT | 22.280 | 0.0100 | pay 0.0100% / 8h | 2h 50m | $3.8M | $2.2M | 75x |
| Short | Kraken Futures PF_COMPUSD | 22.319 | −0.0851 | pay 0.0106% / 1h | 50m 35s | $235K | $85K | 20x |
Bybit COMPUSDT
Kraken Futures PF_COMPUSDFunding 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
- −$199.63
- Price spread: +0.177% → +0.084%
- $9.23
- Slippage, 4 orders
- −$129.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$340.42
- Costs to cover
- 1.500%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Kraken Futures: live order book, 37 min ago.
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 | 4.49 bp | 39.4 bp −$39 | 91.0 bp −$910 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 37 min ago | 23.37 bp | 47.7 bp −$48 | 122.6 bp −$1,226 | doesn't fit | doesn't fit |
COMP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COMP/USDC PERP | −0.1289% | 1h | 22.070 | −0.943% | $4K | $12K | 12x | as long as short |
| Kraken Futures PF_COMPUSDshort | −0.0851% | 1h | 22.319 | +0.177% | $235K | $85K | 20x | |
| Deribit COMP_USDC-PERPETUAL | −0.0646% | 1h | 22.290 | +0.045% | $227 | $229 | 50x | as long as short |
| Coinbase International COMP-PERP-INTX | −0.0024% | 1h | 22.390 | +0.494% | $18K | $53K | 25x | as long as short |
| dYdX COMP-USD | 0.0000% | 1h | 22.300 | +0.090% | $68K | — | 5x | as long as short |
| BloFin COMP-USDT | +0.0076% | 8h | 22.250 | −0.135% | $237K | $155K | 20x | as long as short |
| Hyperliquid COMP | +0.0100% | 1h | 22.306 | +0.117% | $839K | $541K | 5x | as long as short |
| Binance COMPUSDT | +0.0100% | 8h | 22.290 | +0.045% | $4.2M | $8.3M | 75x | as long as short |
| Bybit COMPUSDTlong | +0.0100% | 8h | 22.280 | long leg | $3.8M | $2.2M | 75x | |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.270 | −0.045% | $1.6M | $2.3M | 20x | as long as short |
Injective COMP/USDC PERP
Deribit COMP_USDC-PERPETUAL
Coinbase International COMP-PERP-INTX
dYdX COMP-USD
BloFin COMP-USDT
Hyperliquid COMP
Binance COMPUSDT
OKX COMP-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate COMP_USDT | +0.0100% | 8h | 22.280 | 0.000% | $218K | $83K | 25x | as long as short |
| MEXC COMP_USDT | +0.0100% | 8h | 22.290 | +0.045% | $2.8M | $800K | 20x | as long as short |
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.290 | +0.045% | $451K | $112K | 30x | as long as short |
| Bitget COMPUSDT | +0.0100% | 8h | 22.290 | +0.045% | $1.9M | $771K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.270 | −0.045% | — | $36.3M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.270 | −0.044% | $15K | $39K | — | as long as short |
Gate COMP_USDT
MEXC COMP_USDT
KuCoin COMPUSDTM
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP