Funding you earn now, next payment 02:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h −0.481%
Price spread now: Bybit against Kraken Futures+0.148%7-day average −0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1981.978% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 3 days (all we have)−0.226%−$23 · spread now +0.148%, 7d avg −0.121%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.269% dearer against Kraken Futures than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.121%. Mind the row above: over the last 7 days funding on this pair cost −0.151%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LPTUSD | 1.7147 | 0.0031 | pay 0.0004% / 1h | 49m 44s | $46K | $107K | 25x |
| Short | Bybit LPTUSDT | 1.7172 | 0.0100 | get 0.0050% / 4h | 2h 49m | $1.8M | $2.0M | 25x |
Kraken Futures PF_LPTUSD
Bybit LPTUSDTFunding 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
- $14.48
- Price spread: +0.148% → −0.121%
- $26.9
- Slippage, 4 orders
- −$176.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$156.46
- Costs to cover
- 1.978%
- Break-even
- 82.6 days
Slippage from Kraken Futures: live order book, 17 min ago; Bybit: live order book, 2 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, 17 min ago | 18.78 bp | 36.7 bp −$37 | 222.8 bp −$2,228 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.09 bp | 55.7 bp −$56 | 255.9 bp −$2,559 | doesn't fit | doesn't fit |
LPT 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_LPTUSDlong | +0.0031% | 1h | 1.7147 | long leg | $46K | $107K | 25x | |
| Aster LPTUSDT | +0.0100% | 4h | 1.7139 | −0.045% | $2K | $19K | 5x | as long as short |
| Binance LPTUSDT | +0.0100% | 4h | 1.7160 | +0.078% | $3.5M | $10.8M | 50x | as long as short |
| Bybit LPTUSDTshort | +0.0100% | 4h | 1.7172 | +0.148% | $1.8M | $2.0M | 25x | |
| OKX LPT-USDT-SWAP | +0.0100% | 4h | 1.7150 | +0.020% | $1.4M | $3.2M | 20x | as long as short |
| Gate LPT_USDT | +0.0100% | 8h | 1.7160 | +0.078% | $247K | $848K | 50x | as long as short |
| MEXC LPT_USDT | +0.0100% | 4h | 1.7150 | +0.020% | $2.0M | $990K | 50x | as long as short |
| KuCoin LPTUSDTM | +0.0100% | 4h | 1.7150 | +0.020% | $303K | $183K | 50x | as long as short |
| Bitget LPTUSDT | +0.0100% | 4h | 1.7160 | +0.078% | $1.3M | $824K | 50x | as long as short |
| BingX LPT-USDT | +0.0100% | 4h | 1.7150 | +0.020% | — | $2.5M | — | as long as short |
Aster LPTUSDT
Binance LPTUSDT
OKX LPT-USDT-SWAP
Gate LPT_USDT
MEXC LPT_USDT
KuCoin LPTUSDTM
Bitget LPTUSDT
BingX LPT-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni LPT | +0.0100% | 4h | 1.7113 | −0.194% | $6K | $3K | — | as long as short |
| BloFin LPT-USDT | +0.0150% | 4h | 1.7070 | −0.446% | $202K | $29K | 50x | as long as short |
Variational Omni LPT
BloFin LPT-USDT