Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.2% APRpaid last 24h −0.009%
Price spread now: Kraken Futures against Bybit−0.295%7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$690.687% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.354%+$35 · spread now −0.295%, 7d avg +0.066%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.361% cheaper against Bybit than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FILUSDT | 0.9949 | 0.0100 | pay 0.0100% / 8h | 4h 44m | $15.7M | $19.9M | 25x |
| Short | Kraken Futures PF_FILUSD | 0.9920 | 0.0044 | get 0.0005% / 1h | 44m 38s | $1.3M | $2.3M | 50x |
Bybit FILUSDT
Kraken Futures PF_FILUSDFunding 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
- −$11.82
- Price spread: −0.295% → +0.066%
- −$36.1
- Slippage, 4 orders
- −$47.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$116.57
- Costs to cover
- 0.687%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Kraken Futures: 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 Bybit live order book, 4 min ago | 0.50 bp | 12.3 bp −$12 | 39.7 bp −$397 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 4.02 bp | 19.0 bp −$19 | 41.4 bp −$414 | doesn't fit | doesn't fit |
FIL 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0555% | 1h | 0.9925 | −0.241% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 0.9930 | −0.191% | $374K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0064% | 8h | 0.9954 | +0.050% | $18.6M | $103.8M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0019% | 8h | 0.9934 | −0.151% | $7.4M | $7.4M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9924 | −0.256% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9945 | −0.039% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.945% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSDshort | +0.0044% | 1h | 0.9920 | −0.295% | $1.3M | $2.3M | 50x | |
| Binance FILUSDT | +0.0080% | 8h | 0.9949 | 0.000% | $57.3M | $182.6M | 75x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9931 | −0.186% | $704K | $3.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Binance FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0082% | 8h | 0.9945 | −0.040% | $241K | $103K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9946 | −0.031% | $154K | $360K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9930 | −0.186% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9931 | −0.182% | $511K | $599K | 20x | as long as short |
| Bybit FILUSDTlong | +0.0100% | 8h | 0.9949 | long leg | $15.7M | $19.9M | 25x | |
| Gate FIL_USDT | +0.0100% | 8h | 0.9930 | −0.191% | $8.4M | $16.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9934 | −0.151% | $11.2M | $20.4M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9932 | −0.171% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9911 | −0.385% | $446K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9930 | −0.186% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9939 | −0.098% | $296K | $948K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | −0.291% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9929 | −0.204% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9920 | −0.291% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9915 | −0.342% | $474 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9929 | −0.201% | $620K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9910 | −0.392% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0199% | 8h | 0.9915 | −0.342% | $2.7M | $643K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0571% / S −0.0237% | 1h | 0.9923 | −0.264% | $265K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]