Funding you earn now, next payment 00:00 UTC+0.0824%/8h= +90.2% APRpaid last 24h +0.060%
Price spread now: Bybit against Kraken Futures−0.200%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1271.274% of the position
Funding, last 7 days+0.282%+$28 on $10k
+Price spread, last 3 days (all we have)+0.042%+$4 · spread now −0.200%, 7d avg −0.088%
=Funding pays, the price is against you. Bybit is 0.113% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.200% now, against its 7-day average of −0.088%). If the spread goes back, that is −$11 on $10k: about 11 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.282% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.282% in total (about 14.7% 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 | Kraken Futures PF_COMPUSD | 22.591 | −0.0724 | get 0.0090% / 1h | 59m 16s | $238K | $62K | 20x |
| Short | Bybit COMPUSDT | 22.546 | 0.0100 | get 0.0100% / 8h | 59m 16s | $3.8M | $2.0M | 75x |
Kraken Futures PF_COMPUSD
Bybit COMPUSDTFunding 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
- $173
- Price spread: −0.200% → −0.088%
- −$11.27
- Slippage, 4 orders
- −$106.39
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $34.34
- Costs to cover
- 1.274%
- Break-even
- 5.6 days
Slippage from Kraken Futures: live order book, 18 min ago; Bybit: live order book, 3 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 Kraken Futures live order book, 18 min ago | 10.24 bp | 35.2 bp −$35 | 315.9 bp −$3,159 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.45 bp | 28.8 bp −$29 | 81.2 bp −$812 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COMPUSDlong | −0.0724% | 1h | 22.591 | long leg | $238K | $62K | 20x | |
| Deribit COMP_USDC-PERPETUAL | −0.0636% | 1h | 22.550 | −0.183% | $329 | $327 | 50x | as long as short |
| dYdX COMP-USD | 0.0000% | 1h | 22.567 | −0.109% | $68K | — | 5x | as long as short |
| Injective COMP/USDC PERP | +0.0033% | 1h | 22.340 | −1.112% | $2K | $13K | 12x | as long as short |
| BloFin COMP-USDT | +0.0075% | 8h | 22.540 | −0.227% | $236K | $151K | 20x | as long as short |
| Hyperliquid COMP | +0.0100% | 1h | 22.564 | −0.121% | $847K | $493K | 5x | as long as short |
| Binance COMPUSDT | +0.0100% | 8h | 22.550 | −0.183% | $4.2M | $7.2M | 75x | as long as short |
| Bybit COMPUSDTshort | +0.0100% | 8h | 22.546 | −0.200% | $3.8M | $2.0M | 75x | |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.550 | −0.183% | $1.6M | $2.2M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.530 | −0.271% | $220K | $70K | 25x | as long as short |
Deribit COMP_USDC-PERPETUAL
dYdX COMP-USD
Injective COMP/USDC PERP
BloFin COMP-USDT
Hyperliquid COMP
Binance COMPUSDT
OKX COMP-USDT-SWAP
Gate COMP_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC COMP_USDT | +0.0100% | 8h | 22.550 | −0.183% | $2.7M | $832K | 20x | as long as short |
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.560 | −0.138% | $456K | $94K | 30x | as long as short |
| Bitget COMPUSDT | +0.0100% | 8h | 22.550 | −0.183% | $1.9M | $672K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.560 | −0.138% | — | $36.0M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.487 | −0.462% | $15K | $37K | — | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0136% | 1h | 22.580 | −0.050% | $17K | $54K | 25x | as long as short |
MEXC COMP_USDT
KuCoin COMPUSDTM
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
Coinbase International COMP-PERP-INTX