Funding you earn now, next payment 22:00 UTC+0.0202%/8h= +22.1% APRpaid last 24h +0.057%
Price spread now: Bybit against Kraken Futures+0.159%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.159% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% 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_DEXEUSD | 1.9339 | −0.0102 | get 0.0013% / 1h | 34m 41s | $38K | $59K | 20x |
| Short | Bybit DEXEUSDT | 1.9370 | 0.0100 | get 0.0050% / 4h | 2h 34m | $2.4M | $895K | 20x |
Kraken Futures PF_DEXEUSD
Bybit DEXEUSDTFunding 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
- $42.41
- Price spread: +0.159% → 0.000%
- $15.88
- 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
- $37.29
- Costs to cover
- 0.210%
- Break-even
- 0.8 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 2 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, 2 min ago | 2.58 bp | 89.4 bp −$89 | 1141.5 bp −$11.4K | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DEXEUSDlong | −0.0102% | 1h | 1.9339 | long leg | $38K | $59K | 20x | |
| Injective DEXE/USDC PERP | +0.0033% | 1h | 1.8600 | −3.823% | — | $3K | 5.5x | as long as short |
| Aster DEXEUSDT | +0.0100% | 4h | 1.9345 | +0.028% | $171K | $42K | 5x | as long as short |
| Binance DEXEUSDT | +0.0100% | 4h | 1.9346 | +0.034% | $7.0M | $8.5M | 20x | as long as short |
| Bybit DEXEUSDTshort | +0.0100% | 4h | 1.9370 | +0.159% | $2.4M | $895K | 20x | |
| Gate DEXE_USDT | +0.0100% | 4h | 1.9340 | +0.004% | $488K | $763K | 20x | as long as short |
| MEXC DEXE_USDT | +0.0100% | 4h | 1.9340 | +0.004% | $1.8M | $208K | 20x | as long as short |
| Bitget DEXEUSDT | +0.0100% | 4h | 1.9340 | +0.004% | $3.2M | $503K | 10x | as long as short |
| BingX DEXE-USDT | +0.0100% | 4h | 1.9350 | +0.055% | — | $1.8M | — | as long as short |
| Variational Omni DEXE | +0.0100% | 4h | 1.9354 | +0.078% | $35K | $2K | — | as long as short |
Injective DEXE/USDC PERP
Aster DEXEUSDT
Binance DEXEUSDT
Gate DEXE_USDT
MEXC DEXE_USDT
Bitget DEXEUSDT
BingX DEXE-USDT
Variational Omni DEXEShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_DEXE_USDC_mythos | +0.0100% | 4h | 1.9340 | +0.004% | $8K | — | 10x | as long as short |
| BloFin DEXE-USDT | +0.0340% | 4h | 1.9330 | −0.048% | $393K | $30K | 20x | as long as short |
Orderly PERP_DEXE_USDC_mythos
BloFin DEXE-USDT