Funding you earn now, next payment 09:00 UTC+0.1870%/8h= +204.7% APRpaid last 24h +0.264%
Price spread now: Kraken Futures against Bybit+0.455%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$56 a day on $10k at the current rate, and Kraken Futures is 0.455% dearer against Bybit than usual: you sell high and buy low: +$46 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KAIAUSDT | 0.03205 | 0.0100 | pay 0.0050% / 4h | 3h 01m | $2.0M | $1.2M | 50x |
| Short | Kraken Futures PF_KAIAUSD | 0.03220 | 0.1970 | get 0.0246% / 1h | 1m 25s | $45K | $27K | 10x |
Bybit KAIAUSDT
Kraken Futures PF_KAIAUSDFunding 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
- $392.66
- Price spread: +0.455% → 0.000%
- $45.53
- 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
- $417.19
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 5 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, 5 min ago | 4.68 bp | 29.8 bp −$30 | 243.4 bp −$2,434 | 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.
KAIA 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KAIAUSDT | +0.0100% | 4h | 0.03212 | +0.217% | $2.4M | $3.9M | 75x | as long as short |
| Bybit KAIAUSDTlong | +0.0100% | 4h | 0.03205 | long leg | $2.0M | $1.2M | 50x | |
| Gate KAIA_USDT | +0.0100% | 4h | 0.03207 | +0.062% | $76K | $65K | 50x | as long as short |
| MEXC KAIA_USDT | +0.0100% | 4h | 0.03211 | +0.187% | $543K | $151K | 100x | as long as short |
| KuCoin KAIAUSDTM | +0.0100% | 4h | 0.03210 | +0.156% | $311K | $51K | 30x | as long as short |
| Bitget KAIAUSDT | +0.0100% | 4h | 0.03211 | +0.187% | $433K | $368K | 75x | as long as short |
| BingX KAIA-USDT | +0.0100% | 4h | 0.03210 | +0.156% | — | $6.5M | — | as long as short |
| Variational Omni KAIA | +0.0100% | 4h | 0.03203 | −0.063% | $3K | $1 | — | as long as short |
| GRVT KAIA_USDT_Perp | +0.0100% | 4h | 0.03207 | +0.055% | $390K | $453K | 10x | as long as short |
| Extended KAIA-USD | +0.0104% | 1h | 0.03211 | +0.189% | $3K | $95K | 5x | as long as short |
Binance KAIAUSDT
Gate KAIA_USDT
MEXC KAIA_USDT
KuCoin KAIAUSDTM
Bitget KAIAUSDT
BingX KAIA-USDT
Variational Omni KAIA
GRVT KAIA_USDT_Perp
Extended KAIA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin KAIA-USDT | +0.0113% | 4h | 0.03213 | +0.250% | $156K | $19K | 75x | as long as short |
| Kraken Futures PF_KAIAUSDshort | +0.1970% | 1h | 0.03220 | +0.455% | $45K | $27K | 10x |
BloFin KAIA-USDT