Funding arb · Price arb /

DEXE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h −0.069%

Price spread now: Kraken Futures against Bybit−0.138%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

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 0.138% cheaper against Bybit than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 3.4 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DEXEUSDT	1.9365	0.0100	pay 0.0050% / 4h	1h 10m	$2.4M	$896K	20x
Short	Kraken Futures PF_DEXEUSD	1.9338	0.0235	get 0.0029% / 1h	10m 52s	$43K	$57K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Kraken FuturesbpOrdersPrice spread, now −0.138%Rate

Funding earned: $28.4
Price spread: −0.138% → 0.000%: −$13.76
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: −$6.36
Costs to cover: 0.210%
Break-even: 8.6 days

Slippage unknown: Bybit: live order book, 1 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, 1 min ago	2.58 bp	44.7 bp −$45	doesn't fit	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.

DEXE on 12 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 DEXE/USDC PERP	+0.0033%	1h	1.8600	−3.950%	—	$3K	5.5x	as long as short
Aster DEXEUSDT	+0.0100%	4h	1.9347	−0.092%	$171K	$35K	5x	as long as short
Binance DEXEUSDT	+0.0100%	4h	1.9335	−0.157%	$7.0M	$8.6M	20x	as long as short
Bybit DEXEUSDTlong	+0.0100%	4h	1.9365	long leg	$2.4M	$896K	20x
Gate DEXE_USDT	+0.0100%	4h	1.9340	−0.129%	$483K	$782K	20x	as long as short
MEXC DEXE_USDT	+0.0100%	4h	1.9330	−0.181%	$1.8M	$213K	20x	as long as short
Bitget DEXEUSDT	+0.0100%	4h	1.9340	−0.129%	$3.2M	$522K	10x	as long as short
BingX DEXE-USDT	+0.0100%	4h	1.9340	−0.129%	—	$1.8M	—	as long as short
Variational Omni DEXE	+0.0100%	4h	1.9363	−0.012%	$35K	$2K	—	as long as short
Orderly PERP_DEXE_USDC_mythos	+0.0100%	4h	1.9330	−0.181%	$8K	—	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_DEXEUSDshort	+0.0235%	1h	1.9338	−0.138%	$43K	$57K	20x
BloFin DEXE-USDT	+0.0340%	4h	1.9320	−0.232%	$392K	$30K	20x	as long as short