Funding you earn now, next payment 07:00 UTC−0.0890%/8h= −97.4% APRpaid last 24h +0.024%
Price spread now: Bybit against Kraken Futures−0.037%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 −$27 a day on $10k at the current rate, and Bybit is 0.037% cheaper against Kraken Futures 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 | Kraken Futures PF_COOKIEUSD | 0.01290 | 0.0990 | pay 0.0124% / 1h | 43m 06s | $15K | $48K | 10x |
| Short | Bybit COOKIEUSDT | 0.01290 | 0.0100 | get 0.0050% / 4h | 1h 43m | $888K | $1.6M | 25x |
Kraken Futures PF_COOKIEUSD
Bybit COOKIEUSDTFunding 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
- −$186.81
- Price spread: −0.037% → 0.000%
- −$3.72
- 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
- −$211.53
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 3 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, 3 min ago | 9.00 bp | 167.5 bp −$167 | 461.7 bp −$4,617 | 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.
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 | 0.01290 | −0.014% | $2.2M | $9.9M | 20x | as long as short |
| Bybit COOKIEUSDTshort | +0.0100% | 4h | 0.01290 | −0.037% | $888K | $1.6M | 25x | |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01286 | −0.324% | $132K | $241K | 25x | as long as short |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01290 | −0.014% | $662K | $379K | 100x | as long as short |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01285 | −0.402% | $234K | $165K | 20x | as long as short |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01278 | −0.942% | $13K | $20K | — | as long as short |
| Bitget COOKIEUSDT | +0.0118% | 4h | 0.01290 | −0.014% | $369K | $326K | 5x | as long as short |
| BingX COOKIE-USDT | +0.0124% | 4h | 0.01288 | −0.192% | — | $6.5M | — | as long as short |
| Kraken Futures PF_COOKIEUSDlong | +0.0990% | 1h | 0.01290 | long leg | $15K | $48K | 10x |
Binance COOKIEUSDT
Gate COOKIE_USDT
MEXC COOKIE_USDT
KuCoin COOKIEUSDTM
Variational Omni COOKIE
Bitget COOKIEUSDT
BingX COOKIE-USDT