Funding you earn now, next payment 04:00 UTC−0.2661%/8h= −291.4% APRnext payment −$3.33 per $10,000 · paid last 24h −0.026%
Price spread now: Bybit against Kraken Futures+0.093%7-day average +0.649% · you sell dearer than you buy
Net, funding: paid 7d − costs−$740as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$1871.868% of the position
Funding, last 7 days−5.534%−$553 on $10k
+Price spread, last 4 days (all we have)+2.139%+$214 · spread now +0.093%, 7d avg +0.649%
=Both sides work against this trade now: funding costs −$80 a day on $10k at the current rate, and Bybit is 0.556% cheaper against Kraken Futures than usual: you would sell low and buy high (−$56 if the spread goes back to its 7-day average of +0.649%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LSKUSD | 0.3449 | −0.0586 | get 0.0073% / 1h | 50m 51s | $103K | $343K | 10x |
| Short | Bybit LSKUSDT | 0.3452 | −0.3247 | pay 0.0406% / 1h | 50m 51s | $9.4M | $20.4M | 25x |
Kraken Futures PF_LSKUSD
Bybit LSKUSDTFunding 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
- −$558.89
- Price spread: +0.093% → +0.649%
- −$55.56
- Slippage, 4 orders
- −$165.76
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$801.21
- Costs to cover
- 1.868%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 7 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, 7 min ago | 49.23 bp | 65.3 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.43 bp | 29.8 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
LSK on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LSK_USDT | −0.3872% | 1h | 0.3449 | +0.006% | $1.4M | $2.7M | 20x | as long as short |
| Bybit LSKUSDTshort | −0.3247% | 1h | 0.3452 | +0.093% | $9.4M | $20.4M | 25x | |
| Binance LSKUSDT | −0.2420% | 1h | 0.3442 | −0.211% | $14.6M | $99.0M | 50x | as long as short |
| MEXC LSK_USDT | −0.2392% | 1h | 0.3449 | +0.012% | $8.1M | $2.5M | 20x | as long as short |
| Variational Omni LSK | −0.2363% | 1h | 0.3451 | +0.071% | $26K | $184K | — | as long as short |
| Phemex LSKUSDT | −0.2248% | 4h | 0.3447 | −0.040% | $1.2M | $2.4M | 10x | as long as short |
| Aster LSKUSDT | −0.1927% | 1h | 0.3449 | +0.016% | $60K | $130K | 5x | as long as short |
| Bitget LSKUSDT | −0.0808% | 1h | 0.3450 | +0.035% | $2.6M | $9.6M | 50x | as long as short |
| HTX LSK-USDT | −0.0732% | 1h | 0.3418 | −0.878% | $55K | $279K | 20x | as long as short |
| Kraken Futures PF_LSKUSDlong | −0.0586% | 1h | 0.3449 | long leg | $103K | $343K | 10x |
Gate LSK_USDT
Binance LSKUSDT
MEXC LSK_USDT
Variational Omni LSK
Phemex LSKUSDT
Aster LSKUSDT
Bitget LSKUSDT
HTX LSK-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LSK-USDT | −0.0320% | 1h | 0.3446 | −0.069% | — | $2.8M | — | as long as short |
BingX LSK-USDT