Funding you earn now, next payment 07:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.096%
Price spread now: Bybit against Kraken Futures+0.022%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.555%+$155 on $10k
+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. Bybit is 0.022% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +1.555%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPENUSD | 0.1447 | 0.0772 | pay 0.0096% / 1h | 42m 57s | $14K | $55K | 10x |
| Short | Bybit OPENUSDT | 0.1448 | 0.0738 | get 0.0369% / 4h | 1h 42m | $1.5M | $741K | 25x |
Kraken Futures PF_OPENUSD
Bybit OPENUSDTFunding 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
- −$7.06
- Price spread: +0.022% → 0.000%
- $2.16
- 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
- −$25.91
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 3 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, 3 min ago | 4.49 bp | 202.8 bp −$203 | doesn't fit | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPEN-USDT | +0.0096% | 4h | 0.1447 | −0.027% | $678K | $12K | 75x | as long as short |
| Aster OPENUSDT | +0.0100% | 4h | 0.1448 | +0.031% | $253K | $2K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1445 | −0.165% | $7.2M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1446 | −0.096% | $826K | $185K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1448 | +0.035% | $2.4M | $54K | 30x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1445 | −0.191% | $5K | $187K | 5x | as long as short |
| Bitget OPENUSDT | +0.0230% | 4h | 0.1448 | +0.042% | $2.2M | $157K | 20x | as long as short |
| Bybit OPENUSDTshort | +0.0738% | 4h | 0.1448 | +0.022% | $1.5M | $741K | 25x | |
| Kraken Futures PF_OPENUSDlong | +0.0772% | 1h | 0.1447 | long leg | $14K | $55K | 10x |
BloFin OPEN-USDT
Aster OPENUSDT
Binance OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
Extended OPEN-USD
Bitget OPENUSDT