Funding you earn now, next payment 09:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.151%
Price spread now: Bybit against Kraken Futures−0.249%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
Funding pays, the price is against you. Bybit is 0.249% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.249% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 21 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_IOTAUSD | 0.04770 | 0.0061 | pay 0.0008% / 1h | 51m 09s | $19K | $17K | 10x |
| Short | Bybit IOTAUSDT | 0.04758 | 0.0100 | get 0.0100% / 8h | 7h 51m | $2.2M | $1.5M | 75x |
Kraken Futures PF_IOTAUSD
Bybit IOTAUSDTFunding 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
- $8.22
- Price spread: −0.249% → 0.000%
- −$24.88
- 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
- −$37.66
- Costs to cover
- 0.210%
- Break-even
- 39.1 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 6.30 bp | 37.9 bp −$38 | 91.7 bp −$917 | doesn't fit | doesn'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.
IOTA 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_IOTAUSDlong | +0.0061% | 1h | 0.04770 | long leg | $19K | $17K | 10x | |
| BloFin IOTA-USDT | +0.0096% | 8h | 0.04760 | −0.207% | $165K | $42K | 75x | as long as short |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04764 | −0.125% | $893K | $327K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04765 | −0.097% | $3.4M | $5.7M | 75x | as long as short |
| Bybit IOTAUSDTshort | +0.0100% | 8h | 0.04758 | −0.249% | $2.2M | $1.5M | 75x | |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04762 | −0.165% | $550K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04763 | −0.144% | $822K | $250K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04765 | −0.102% | $585K | $170K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04773 | +0.066% | $1.8M | $722K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04763 | −0.144% | — | $2.3M | — | as long as short |
BloFin IOTA-USDT
Hyperliquid IOTA
Binance IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTA | +0.0100% | 8h | 0.04758 | −0.244% | $51K | $33K | — | as long as short |
| KuCoin IOTAUSDTM | +0.0768% | 8h | 0.04766 | −0.081% | $2.7M | $199K | 30x | as long as short |
Variational Omni IOTA
KuCoin IOTAUSDTM