Funding you earn now, next payment 08:00 UTC−0.0243%/8h= −26.6% APRpaid last 24h −4.093%
Price spread now: Bybit against Kraken Futures−0.075%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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.075% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_IOTXUSD | 0.003739 | 0.0343 | pay 0.0043% / 1h | 1m 35s | $32K | $18K | 10x |
| Short | Bybit IOTXUSDT | 0.003736 | 0.0100 | get 0.0100% / 8h | 1m 35s | $397K | $653K | 25x |
Kraken Futures PF_IOTXUSD
Bybit IOTXUSDTFunding 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
- −$51.04
- Price spread: −0.075% → 0.000%
- −$7.52
- 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
- −$79.57
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 29 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, 29 min ago | 9.54 bp | 137.5 bp −$138 | doesn't fit | 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.
IOTX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTX-USDT | +0.0081% | 8h | 0.003721 | −0.476% | $202K | $20K | 50x | as long as short |
| Binance IOTXUSDT | +0.0100% | 8h | 0.003734 | −0.129% | $2.2M | $5.7M | 50x | as long as short |
| Bybit IOTXUSDTshort | +0.0100% | 8h | 0.003736 | −0.075% | $397K | $653K | 25x | |
| Gate IOTX_USDT | +0.0100% | 8h | 0.003732 | −0.182% | $143K | $146K | 50x | as long as short |
| MEXC IOTX_USDT | +0.0100% | 8h | 0.003741 | +0.059% | $783K | $455K | 50x | as long as short |
| KuCoin IOTXUSDTM | +0.0100% | 8h | 0.003761 | +0.593% | $738K | $59K | 30x | as long as short |
| Bitget IOTXUSDT | +0.0100% | 8h | 0.003744 | +0.139% | $365K | $429K | 50x | as long as short |
| BingX IOTX-USDT | +0.0100% | 8h | 0.003737 | −0.048% | — | $1.6M | — | as long as short |
| Variational Omni IOTX | +0.0100% | 8h | 0.003727 | −0.303% | $3K | $4K | — | as long as short |
| Kraken Futures PF_IOTXUSDlong | +0.0343% | 1h | 0.003739 | long leg | $32K | $18K | 10x |
BloFin IOTX-USDT
Binance IOTXUSDT
Gate IOTX_USDT
MEXC IOTX_USDT
KuCoin IOTXUSDTM
Bitget IOTXUSDT
BingX IOTX-USDT
Variational Omni IOTXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster IOTXUSDT | +0.0584% | 1h | 0.003729 | −0.267% | $11K | $16K | 5x | as long as short |
Aster IOTXUSDT