Funding you earn now, next payment 09:00 UTC+0.0985%/8h= +107.8% APRpaid last 24h +0.141%
Price spread now: Kraken Futures against Bybit+0.260%7-day average +0.193% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1401.395% of the position
Funding, last 7 days+0.499%+$50 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.260%, 7d avg +0.193%
=Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Kraken Futures is 0.068% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.193%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.499% in total (about 26.0% 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 | Bybit DYDXUSDT | 0.1349 | 0.0100 | pay 0.0100% / 8h | 7h 56m | $4.7M | $2.5M | 75x |
| Short | Kraken Futures PF_DYDXUSD | 0.1352 | 0.1085 | get 0.0136% / 1h | 56m 42s | $304K | $303K | 20x |
Bybit DYDXUSDT
Kraken Futures PF_DYDXUSDFunding 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
- $206.82
- Price spread: +0.260% → +0.193%
- $6.77
- Slippage, 4 orders
- −$118.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $74.08
- Costs to cover
- 1.395%
- Break-even
- 4.5 days
Slippage from Bybit: live order book, 1 min ago; Kraken Futures: live order book, 41 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 Bybit live order book, 1 min ago | 0.37 bp | 6.4 bp −$6 | 35.2 bp −$352 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 41 min ago | 5.92 bp | 37.4 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
DYDX on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin DYDX-USDT | +0.0079% | 8h | 0.1348 | −0.044% | $290K | $30K | 75x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1350 | +0.119% | $60K | $46K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1351 | +0.193% | $2.0M | $715K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1350 | +0.123% | $6K | $10K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1351 | +0.178% | $5.2M | $7.8M | 75x | as long as short |
| Bybit DYDXUSDTlong | +0.0100% | 8h | 0.1349 | long leg | $4.7M | $2.5M | 75x | |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1350 | +0.133% | $2.1M | $2.9M | 20x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1348 | −0.082% | $368K | $427K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1349 | +0.030% | $2.9M | $747K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1349 | +0.030% | $2.3M | $3.4M | 50x | as long as short |
BloFin DYDX-USDT
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
OKX DYDX-USDT-SWAP
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1350 | +0.104% | $1.4M | $877K | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1350 | +0.104% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1350 | +0.077% | $4K | $401K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1350 | +0.104% | $49K | — | 3x | as long as short |
| Arcus DYDX-USD | +0.0117% | 1h | 0.1351 | +0.178% | $51K | $21K | 5x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1350 | +0.099% | $914 | — | 100x | as long as short |
| Injective DYDX/USDC PERP | +0.0188% | 1h | 0.1347 | −0.119% | $6K | $48K | 12x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0491% | 1h | 0.1351 | +0.178% | — | — | 25x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0992% | 1h | 0.1351 | +0.178% | $17K | $26K | 50x | as long as short |
| Kraken Futures PF_DYDXUSDshort | +0.1085% | 1h | 0.1352 | +0.260% | $304K | $303K | 20x | |
| dYdX DYDX-USD | +0.6423% | 1h | 0.1350 | +0.117% | $77K | $2K | 5x | as long as short |
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
Arcus DYDX-USD
GMX DYDX/USD [WBTC.b-USDC]
Injective DYDX/USDC PERP
Deribit DYDX_USDC-PERPETUAL
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD