Funding you earn now, next payment 22:00 UTC−0.1232%/8h= −134.9% APRpaid last 24h −0.279%
Price spread now: Kraken Futures against Bybit−0.018%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$37 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMTUSDT | 0.008314 | 0.0100 | pay 0.0100% / 8h | 2h 29m | $1.1M | $1.1M | 50x |
| Short | Kraken Futures PF_GMTUSD | 0.008312 | −0.1132 | pay 0.0142% / 1h | 29m 17s | $47K | $8K | 20x |
Bybit GMTUSDT
Kraken Futures PF_GMTUSDFunding 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
- −$258.73
- Price spread: −0.018% → 0.000%
- −$1.81
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$281.54
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Kraken Futures: no order-book sample. 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 Bybit live order book, 1 min ago | 1.20 bp | 29.8 bp −$30 | 291.4 bp −$2,914 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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.
GMT 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_GMTUSDshort | −0.1132% | 1h | 0.008312 | −0.018% | $47K | $8K | 20x | |
| KuCoin GMTUSDTM | +0.0088% | 4h | 0.008300 | −0.168% | $257K | $99K | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008315 | +0.012% | $122K | $123K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008313 | −0.013% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008313 | −0.012% | $2.6M | $3.0M | 50x | as long as short |
| Bybit GMTUSDTlong | +0.0100% | 8h | 0.008314 | long leg | $1.1M | $1.1M | 50x | |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008315 | +0.012% | $343K | $553K | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008320 | +0.072% | $149K | $102K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008312 | −0.024% | $411K | $181K | 20x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008307 | −0.084% | $668K | $405K | 50x | as long as short |
KuCoin GMTUSDTM
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
OKX GMT-USDT-SWAP
Gate GMT_USDT
MEXC GMT_USDT
Bitget GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMT-USDT | +0.0100% | 4h | 0.008314 | 0.000% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008311 | −0.041% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT