Funding you earn now, next payment 07:00 UTC+0.0893%/8h= +97.7% APRpaid last 24h −0.024%
Price spread now: Kraken Futures against Bybit−0.163%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. Kraken Futures is 0.163% cheaper against Bybit than usual: you would sell low and buy high (spread −0.163% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 15 hours of funding at the current rate (+$27 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COOKIEUSDT | 0.01288 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $888K | $1.6M | 25x |
| Short | Kraken Futures PF_COOKIEUSD | 0.01286 | 0.0993 | get 0.0124% / 1h | 44m 32s | $15K | $48K | 10x |
Bybit COOKIEUSDT
Kraken Futures PF_COOKIEUSDFunding 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
- $187.45
- Price spread: −0.163% → 0.000%
- −$16.27
- 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
- $150.18
- Costs to cover
- 0.210%
- Break-even
- 1.4 days
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 | 9.00 bp | 157.1 bp −$157 | 1160.9 bp −$11.6K | 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.
COOKIE 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COOKIEUSDT | +0.0100% | 4h | 0.01287 | −0.109% | $2.2M | $9.9M | 20x | as long as short |
| Bybit COOKIEUSDTlong | +0.0100% | 4h | 0.01288 | long leg | $888K | $1.6M | 25x | |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01285 | −0.256% | $132K | $241K | 25x | as long as short |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01286 | −0.179% | $657K | $379K | 100x | as long as short |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01285 | −0.256% | $231K | $164K | 20x | as long as short |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01278 | −0.797% | $13K | $20K | — | as long as short |
| Bitget COOKIEUSDT | +0.0122% | 4h | 0.01288 | −0.023% | $367K | $325K | 5x | as long as short |
| BingX COOKIE-USDT | +0.0124% | 4h | 0.01287 | −0.124% | — | $6.6M | — | as long as short |
| Kraken Futures PF_COOKIEUSDshort | +0.0993% | 1h | 0.01286 | −0.163% | $15K | $48K | 10x |
Binance COOKIEUSDT
Gate COOKIE_USDT
MEXC COOKIE_USDT
KuCoin COOKIEUSDTM
Variational Omni COOKIE
Bitget COOKIEUSDT
BingX COOKIE-USDT