Funding you earn now, next payment 01:00 UTC−0.1150%/8h= −125.9% APRpaid last 24h −0.059%
Price spread now: Bybit against Kraken Futures−0.137%7-day average −0.173% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1851.855% of the position
Funding, last 7 days+0.338%+$34 on $10k
+Price spread, last 3 days (all we have)+0.219%+$22 · spread now −0.137%, 7d avg −0.173%
=The price spread pays, funding is against you. Bybit is 0.036% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.137% now, against its 7-day average of −0.173%): +$4 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.338%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.338% in total (about 17.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_JASMYUSD | 0.004471 | 0.1250 | pay 0.0156% / 1h | 9m 14s | $255K | $223K | 20x |
| Short | Bybit JASMYUSDT | 0.004465 | 0.0100 | get 0.0100% / 8h | 7h 09m | $4.0M | $2.2M | 75x |
Kraken Futures PF_JASMYUSD
Bybit JASMYUSDTFunding 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
- −$241.47
- Price spread: −0.137% → −0.173%
- $3.61
- Slippage, 4 orders
- −$164.49
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$423.36
- Costs to cover
- 1.855%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 63 min ago; Bybit: live order book, 3 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, 63 min ago | 20.55 bp | 79.8 bp −$80 | 181.6 bp −$1,816 | 39802.1 bp −$3.98M | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.49 bp | 20.4 bp −$20 | 46.2 bp −$462 | doesn't fit | doesn't fit |
JASMY on 14 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 JASMY-PERP-INTX | −0.0616% | 1h | 0.004428 | −0.965% | $17K | $20K | 25x | as long as short |
| KuCoin JASMYUSDTM | +0.0022% | 8h | 0.004466 | −0.115% | $3.4M | $2.5M | 50x | as long as short |
| Aster JASMYUSDT | +0.0100% | 8h | 0.004467 | −0.084% | $7K | $19K | 5x | as long as short |
| Binance JASMYUSDT | +0.0100% | 8h | 0.004469 | −0.047% | $3.5M | $5.3M | 75x | as long as short |
| Bybit JASMYUSDTshort | +0.0100% | 8h | 0.004465 | −0.137% | $4.0M | $2.2M | 75x | |
| Gate JASMY_USDT | +0.0100% | 8h | 0.004456 | −0.338% | $447K | $242K | 75x | as long as short |
| MEXC JASMY_USDT | +0.0100% | 8h | 0.004467 | −0.092% | $10.2M | $2.9M | 200x | as long as short |
| Bitget JASMYUSDT | +0.0100% | 8h | 0.004464 | −0.160% | $1.8M | $572K | 50x | as long as short |
| BingX JASMY-USDT | +0.0100% | 8h | 0.004465 | −0.137% | — | $7.9M | — | as long as short |
| Variational Omni JASMY | +0.0100% | 8h | 0.004452 | −0.422% | $126K | $34K | — | as long as short |
Coinbase International JASMY-PERP-INTX
KuCoin JASMYUSDTM
Aster JASMYUSDT
Binance JASMYUSDT
Gate JASMY_USDT
MEXC JASMY_USDT
Bitget JASMYUSDT
BingX JASMY-USDT
Variational Omni JASMYShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended JASMY-USD | +0.0104% | 1h | 0.004468 | −0.074% | $4K | $197K | 10x | as long as short |
| BloFin JASMY-USDT | +0.0220% | 8h | 0.004463 | −0.182% | $227K | $221K | 75x | as long as short |
| Deribit JASMY_USDC-PERPETUAL | +0.1093% | 1h | 0.004473 | +0.042% | — | — | 10x | as long as short |
| Kraken Futures PF_JASMYUSDlong | +0.1250% | 1h | 0.004471 | long leg | $255K | $223K | 20x |
Extended JASMY-USD
BloFin JASMY-USDT
Deribit JASMY_USDC-PERPETUAL