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Funding arb · Price arb /

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC+0.1446%/8h= +158.4% APRpaid last 24h +0.301%
Price spread now: Bybit against Kraken Futures−0.021%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Bybit
What this pair did over the last
the charts below follow
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
Funding pays, the price is against you. Bybit is 0.021% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 1 hour of funding at the current rate (+$43 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GMTUSD0.008593−0.1346get 0.0168% / 1h14m 30s$45K$12K20x
ShortBybit GMTUSDT0.0085910.0100get 0.0100% / 8h7h 14m$1.1M$1.2M50x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$303.71
Price spread: −0.021% → 0.000%
−$2.11
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$280.6
Costs to cover
0.210%
Break-even
0.5 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell Bybit live order book, 1 min ago4.08 bp39.9 bp −$40201.7 bp −$2,017doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSDlong−0.1346%1h0.008593long leg$45K$12K20x
Hyperliquid GMT+0.0100%1h0.008572−0.242%$128K$120K3xas long as short
Aster GMTUSDT+0.0100%4h0.008586−0.082%$7K$18K10xas long as short
Binance GMTUSDT+0.0100%4h0.008573−0.231%$2.8M$3.3M50xas long as short
Bybit GMTUSDTshort+0.0100%8h0.008591−0.021%$1.1M$1.2M50x
OKX GMT-USDT-SWAP+0.0100%4h0.008594+0.014%$356K$635K20xas long as short
Gate GMT_USDT+0.0100%8h0.008580−0.149%$150K$112K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008573−0.231%$419K$189K20xas long as short
KuCoin GMTUSDTM+0.0100%4h0.008570−0.266%$251K$105K50xas long as short
Bitget GMTUSDT+0.0100%4h0.008582−0.126%$697K$418K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDT+0.0100%4h0.008582−0.126%—$1.2M—as long as short
Variational Omni GMT+0.0100%8h0.008572−0.240%$4K$5K—as long as short