Funding you earn now, next payment 22:00 UTC+0.0527%/8h= +57.7% APRpaid last 24h −0.103%
Price spread now: Bybit against Kraken Futures−0.149%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 0.149% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 23 hours of funding at the current rate (+$16 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_KSMUSD | 4.6289 | −0.0427 | get 0.0053% / 1h | 24m 57s | $37K | $6K | 20x |
| Short | Bybit KSMUSDT | 4.6220 | 0.0100 | get 0.0100% / 8h | 2h 24m | $2.2M | $723K | 50x |
Kraken Futures PF_KSMUSD
Bybit KSMUSDTFunding 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
- $110.67
- Price spread: −0.149% → 0.000%
- −$14.93
- 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
- $74.74
- Costs to cover
- 0.210%
- Break-even
- 2.3 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 2 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, 2 min ago | 4.33 bp | 30.2 bp −$30 | 241.5 bp −$2,415 | 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.
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 | −0.0598% | 8h | 4.6168 | −0.261% | $452K | $41K | — | as long as short |
| Kraken Futures PF_KSMUSDlong | −0.0427% | 1h | 4.6289 | long leg | $37K | $6K | 20x | |
| OKX KSM-USDT-SWAP | −0.0010% | 4h | 4.6180 | −0.236% | $758K | $658K | 20x | as long as short |
| MEXC KSM_USDT | +0.0097% | 8h | 4.6220 | −0.149% | $723K | $249K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6230 | −0.128% | $2.0M | $2.9M | 50x | as long as short |
| Bybit KSMUSDTshort | +0.0100% | 8h | 4.6220 | −0.149% | $2.2M | $723K | 50x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6190 | −0.214% | $89K | $42K | 33x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6210 | −0.171% | $515K | $54K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6230 | −0.128% | $494K | $241K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6240 | −0.106% | — | $2.4M | — | as long as short |
Variational Omni KSM
OKX KSM-USDT-SWAP
MEXC KSM_USDT
Binance KSMUSDT
Gate 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 | 4.6234 | −0.120% | $77K | $260K | 5x | as long as short |
| BloFin KSM-USDT | +0.0123% | 8h | 4.6090 | −0.430% | $114K | $19K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT