Funding you earn now, next payment 04:00 UTC−0.0113%/8h= −12.3% APRpaid last 24h +0.018%
Price spread now: Bybit against Kraken Futures+0.024%7-day average −0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now +0.024%, 7d avg −0.091%
=The price spread pays, funding is against you. Bybit is 0.114% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.091%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOTUSD | 1.1919 | 0.0213 | pay 0.0027% / 1h | 30m 08s | $4.4M | $1.5M | 50x |
| Short | Bybit DOTUSDT | 1.1922 | 0.0100 | get 0.0100% / 8h | 4h 30m | $24.4M | $19.0M | 75x |
Kraken Futures PF_DOTUSD
Bybit DOTUSDTFunding 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
- −$23.64
- Price spread: +0.024% → −0.091%
- $11.45
- Slippage, 4 orders
- −$30.91
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$64.1
- Costs to cover
- 0.519%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 2.54 bp | 13.1 bp −$13 | 25.9 bp −$259 | 156.4 bp −$15.6K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.42 bp | 11.5 bp −$11 | 25.7 bp −$257 | 72.7 bp −$7,273 | doesn't fit |
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1890 | −0.245% | $196K | $1.9M | 50x | as long as short |
| Deribit DOT_USDC-PERPETUAL | −0.0506% | 1h | 1.1903 | −0.136% | $228K | $116K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1894 | −0.211% | $257 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1898 | −0.179% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1907 | −0.103% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.846% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0095% | 8h | 1.1925 | +0.049% | $9.5M | $24.5M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1920 | +0.004% | $270K | $634K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1929 | +0.082% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1898 | −0.176% | $859K | $580K | 50x | as long as short |
Coinbase International DOT-PERP-INTX
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1917 | −0.017% | $43.8M | $85.3M | 75x | as long as short |
| Bybit DOTUSDTshort | +0.0100% | 8h | 1.1922 | +0.024% | $24.4M | $19.0M | 75x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.1920 | +0.007% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1919 | −0.001% | $27.2M | $52.2M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1918 | −0.010% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1921 | +0.015% | $22.8M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1927 | +0.066% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1926 | +0.057% | $93K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1868 | −0.426% | $540K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1808 | −0.936% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1810 | −0.918% | $235K | $420K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1900 | −0.161% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1930 | +0.091% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1812 | −0.899% | $257K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1906 | −0.108% | $17K | $304K | 25x | as long as short |
| Phemex DOTUSDT | +0.0139% | 8h | 1.1930 | +0.091% | $2.4M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSDlong | +0.0213% | 1h | 1.1919 | long leg | $4.4M | $1.5M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1871 | −0.404% | $2.2M | $888K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1908 | −0.093% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDT
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
Phemex DOTUSDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]