Funding you earn now, next payment 02:00 UTC+0.0757%/8h= +82.9% APRpaid last 24h +0.039%
Price spread now: Bybit against Kraken Futures−0.709%7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. Bybit is 0.709% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.709% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$71 on $10k: about 3.1 days of funding at the current rate (+$23 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PIXELUSD | 0.005506 | −0.0657 | get 0.0082% / 1h | 7m 30s | $5K | $2K | 10x |
| Short | Bybit PIXELUSDT | 0.005467 | 0.0100 | get 0.0050% / 4h | 2h 07m | $527K | $201K | 25x |
Kraken Futures PF_PIXELUSD
Bybit PIXELUSDTFunding 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
- $158.92
- Price spread: −0.709% → 0.000%
- −$70.94
- 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
- $66.98
- Costs to cover
- 0.210%
- Break-even
- 4.0 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 52 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, 52 min ago | 5.48 bp | 89.1 bp −$89 | 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.
PIXEL on 10 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_PIXELUSDlong | −0.0657% | 1h | 0.005506 | long leg | $5K | $2K | 10x | |
| Aster PIXELUSDT | +0.0100% | 4h | 0.005461 | −0.819% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDT | +0.0100% | 4h | 0.005462 | −0.800% | $1.8M | $1.7M | 25x | as long as short |
| Bybit PIXELUSDTshort | +0.0100% | 4h | 0.005467 | −0.709% | $527K | $201K | 25x | |
| Gate PIXEL_USDT | +0.0100% | 4h | 0.005458 | −0.873% | $150K | $39K | 50x | as long as short |
| MEXC PIXEL_USDT | +0.0100% | 4h | 0.005464 | −0.764% | $903K | $206K | 20x | as long as short |
| KuCoin PIXELUSDTM | +0.0100% | 4h | 0.005461 | −0.818% | $359K | $73K | 25x | as long as short |
| Bitget PIXELUSDT | +0.0100% | 4h | 0.005462 | −0.800% | $585K | $417K | 25x | as long as short |
| BingX PIXEL-USDT | +0.0100% | 4h | 0.005462 | −0.800% | — | $1.3M | — | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005472 | −0.618% | $1K | $254 | — | as long as short |
Aster PIXELUSDT
Binance PIXELUSDT
Gate PIXEL_USDT
MEXC PIXEL_USDT
KuCoin PIXELUSDTM
Bitget PIXELUSDT
BingX PIXEL-USDT
Variational Omni PIXEL