Funding you earn now, next payment 06:00 UTC+0.0445%/8h= +48.7% APRpaid last 24h −0.124%
Price spread now: Kraken Futures against Bybit−0.102%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.575%−$157 on $10k
+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. Kraken Futures is 0.102% cheaper against Bybit than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 18 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −1.575%, 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 | Bybit OPENUSDT | 0.1443 | 0.0516 | pay 0.0258% / 4h | 2h 23m | $1.5M | $736K | 25x |
| Short | Kraken Futures PF_OPENUSD | 0.1442 | 0.0961 | get 0.0120% / 1h | 23m 50s | $14K | $55K | 10x |
Bybit OPENUSDT
Kraken Futures PF_OPENUSDFunding 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
- $93.47
- Price spread: −0.102% → 0.000%
- −$10.19
- 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
- $62.29
- Costs to cover
- 0.210%
- Break-even
- 2.3 days
Slippage unknown: Bybit: live order book, 2 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, 2 min ago | 4.51 bp | 205.8 bp −$206 | doesn't fit | 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.
OPEN on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OPENUSDT | +0.0100% | 4h | 0.1441 | −0.124% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1440 | −0.215% | $7.1M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1442 | −0.076% | $824K | $201K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1443 | +0.007% | $2.4M | $55K | 30x | as long as short |
| Bitget OPENUSDT | +0.0100% | 4h | 0.1443 | −0.007% | $2.2M | $161K | 20x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1440 | −0.241% | $2K | $190K | 5x | as long as short |
| BloFin OPEN-USDT | +0.0116% | 4h | 0.1444 | +0.062% | $677K | $12K | 75x | as long as short |
| Bybit OPENUSDTlong | +0.0516% | 4h | 0.1443 | long leg | $1.5M | $736K | 25x | |
| Kraken Futures PF_OPENUSDshort | +0.0961% | 1h | 0.1442 | −0.102% | $14K | $55K | 10x |
Aster OPENUSDT
Binance OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
Bitget OPENUSDT
Extended OPEN-USD
BloFin OPEN-USDT