Funding you earn now, next payment 23:00 UTC−0.0529%/8h= −57.9% APRpaid last 24h +0.089%
Price spread now: Kraken Futures against Bybit+0.254%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
The price spread pays, funding is against you. Kraken Futures is 0.254% dearer against Bybit than usual: you sell high and buy low (spread +0.254% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KSMUSDT | 4.6030 | 0.0100 | pay 0.0100% / 8h | 1h 27m | $2.2M | $719K | 50x |
| Short | Kraken Futures PF_KSMUSD | 4.6147 | −0.0429 | pay 0.0054% / 1h | 27m 26s | $37K | $5K | 20x |
Bybit KSMUSDT
Kraken Futures PF_KSMUSDFunding 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
- −$111.09
- Price spread: +0.254% → 0.000%
- $25.43
- 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
- −$106.66
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 4 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, 4 min ago | 4.34 bp | 29.2 bp −$29 | 325.1 bp −$3,251 | 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.
KSM 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KSM | −0.0572% | 8h | 4.6039 | +0.020% | $453K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSDshort | −0.0429% | 1h | 4.6147 | +0.254% | $37K | $5K | 20x | |
| OKX KSM-USDT-SWAP | −0.0116% | 4h | 4.6020 | −0.022% | $755K | $652K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6080 | +0.109% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDTlong | +0.0100% | 8h | 4.6030 | long leg | $2.2M | $719K | 50x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6090 | +0.130% | $89K | $41K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6080 | +0.109% | $720K | $250K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6140 | +0.239% | $514K | $52K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6120 | +0.196% | $493K | $239K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6040 | +0.022% | — | $2.4M | — | as long as short |
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDT
BingX KSM-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6071 | +0.090% | $77K | $260K | 5x | as long as short |
| BloFin KSM-USDT | +0.0111% | 8h | 4.6080 | +0.109% | $113K | $19K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT