Funding you earn now, next payment 05:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.009%
Price spread now: Bybit against Kraken Futures−0.123%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$650.652% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.123%, 7d avg −0.066%
=Funding pays, the price is against you. Bybit is 0.057% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.066%). If the spread goes back, that is −$6 on $10k: about 5.6 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FILUSD | 1.0012 | 0.0066 | pay 0.0008% / 1h | 57m 42s | $1.4M | $2.3M | 50x |
| Short | Bybit FILUSDT | 1.0000 | 0.0100 | get 0.0100% / 8h | 3h 57m | $15.8M | $20.2M | 25x |
Kraken Futures PF_FILUSD
Bybit FILUSDTFunding 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
- $7.07
- Price spread: −0.123% → −0.066%
- −$5.65
- Slippage, 4 orders
- −$44.22
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$63.81
- Costs to cover
- 0.652%
- Break-even
- 70.2 days
Slippage from Kraken Futures: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago | 6.00 bp | 17.6 bp −$18 | 31.8 bp −$318 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.50 bp | 20.0 bp −$20 | 45.1 bp −$451 | 170.2 bp −$17.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 1.0010 | −0.023% | $366K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0027% | 8h | 0.9999 | −0.133% | $18.5M | $105.4M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0002 | −0.108% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0010 | −0.018% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0017 | +0.047% | $172K | $23K | 25x | as long as short |
| KuCoin FILUSDTM | +0.0009% | 8h | 1.0006 | −0.063% | $7.3M | $7.6M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.571% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSDlong | +0.0066% | 1h | 1.0012 | long leg | $1.4M | $2.3M | 50x | |
| Lighter FIL | +0.0096% | 1h | 1.0005 | −0.073% | $154K | $354K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0010 | −0.023% | $8.5M | $9.4M | 5x | as long as short |
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
KuCoin FILUSDTM
Injective FIL/USDC PERP
Lighter FIL
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 1.0005 | −0.070% | $514K | $610K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 1.0004 | −0.080% | $57.5M | $183.9M | 75x | as long as short |
| Bybit FILUSDTshort | +0.0100% | 8h | 1.0000 | −0.123% | $15.8M | $20.2M | 25x | |
| Gate FIL_USDT | +0.0100% | 8h | 1.0008 | −0.043% | $8.5M | $16.6M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 1.0005 | −0.073% | $243K | $102K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0002 | −0.103% | $11.2M | $20.3M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0001 | −0.113% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0019 | +0.064% | $451K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0013 | +0.005% | $46K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9996 | −0.158% | $298K | $1.0M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | −0.123% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0009 | −0.032% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.223% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0005 | −0.073% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9999 | −0.133% | $623K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0000 | −0.123% | $1.2M | $2.5M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 1.0002 | −0.104% | $711K | $3.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 1.0023 | +0.107% | $2.7M | $668K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 1.0000 | −0.122% | $267K | — | 100x | as long as short |
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDT
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
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]