Funding you earn now, next payment 04:00 UTC+0.8887%/8h= +973.2% APRpaid last 24h −0.075%
Price spread now: Kraken Futures against Bybit+0.030%55s7-day average — · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$267 a day on $10k at the current rate, and Kraken Futures is 0.030% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PIXELUSDT | 0.005471 | 0.0293 | pay 0.0146% / 4h | 28m 27s | $527K | $181K | 25x |
| Short | Kraken Futures PF_PIXELUSD | 0.005473 | 0.9180 | get 0.1147% / 1h | 28m 27s | $5K | $1K | 10x |
Bybit PIXELUSDT
Kraken Futures PF_PIXELUSDFunding 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
- $1,866.34
- Price spread: +0.030% → 0.000%
- $3.03
- 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
- $1,848.37
- Costs to cover
- 0.210%
- Break-even
- 0.1 days
Slippage unknown: Bybit: live order book, 21 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, 21 min ago | 6.45 bp | 86.2 bp −$86 | 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.
PIXEL 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PIXELUSDT | +0.0100% | 4h | 0.005471 | +0.006% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDT | +0.0100% | 4h | 0.005464 | −0.127% | $1.8M | $1.7M | 25x | as long as short |
| Gate PIXEL_USDT | +0.0100% | 4h | 0.005471 | 0.000% | $154K | $39K | 50x | as long as short |
| MEXC PIXEL_USDT | +0.0100% | 4h | 0.005461 | −0.183% | $906K | $210K | 20x | as long as short |
| KuCoin PIXELUSDTM | +0.0100% | 4h | 0.005468 | −0.055% | $359K | $65K | 25x | as long as short |
| Bitget PIXELUSDT | +0.0100% | 4h | 0.005464 | −0.128% | $583K | $382K | 25x | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005474 | +0.046% | $1K | $254 | — | as long as short |
| BloFin PIXEL-USDT | +0.0130% | 4h | 0.005479 | +0.146% | $115K | $9K | 50x | as long as short |
| Bybit PIXELUSDTlong | +0.0293% | 4h | 0.005471 | long leg | $527K | $181K | 25x | |
| BingX PIXEL-USDT | +0.0298% | 4h | 0.005469 | −0.037% | — | $1.3M | — | as long as short |
Aster PIXELUSDT
Binance PIXELUSDT
Gate PIXEL_USDT
MEXC PIXEL_USDT
KuCoin PIXELUSDTM
Bitget PIXELUSDT
Variational Omni PIXEL
BloFin PIXEL-USDT
BingX PIXEL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PIXELUSDshort | +0.9180% | 1h | 0.005473 | +0.030% | $5K | $1K | 10x |