Funding you earn now, next payment 00:00 UTC+0.0417%/8h= +45.7% APRpaid last 24h −0.052%
Price spread now: Bybit against Kraken Futures−0.105%7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1071.067% of the position
Funding, last 7 days−0.514%−$51 on $10k
+Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.105%, 7d avg −0.135%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bybit is 0.030% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.135%. Mind the row above: over the last 7 days funding on this pair cost −0.514%, 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 | Kraken Futures PF_PYTHUSD | 0.06338 | −0.0398 | get 0.0050% / 1h | 32m 58s | $377K | $264K | 25x |
| Short | Bybit PYTHUSDT | 0.06331 | 0.0019 | get 0.0010% / 4h | 32m 58s | $7.5M | $4.8M | 50x |
Kraken Futures PF_PYTHUSD
Bybit PYTHUSDTFunding 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
- $87.6
- Price spread: −0.105% → −0.135%
- $2.99
- Slippage, 4 orders
- −$85.66
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$16.07
- Costs to cover
- 1.067%
- Break-even
- 8.3 days
Slippage from Kraken Futures: live order book, 45 min ago; Bybit: live order book, 5 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, 45 min ago | 9.55 bp | 25.3 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.58 bp | 21.9 bp −$22 | 67.3 bp −$673 | doesn't fit | doesn't fit |
PYTH on 23 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_PYTHUSDlong | −0.0398% | 1h | 0.06338 | long leg | $377K | $264K | 25x | |
| BloFin PYTH-USDT | −0.0173% | 4h | 0.06322 | −0.247% | $422K | $114K | 75x | as long as short |
| Binance PYTHUSDT | −0.0133% | 4h | 0.06328 | −0.153% | $9.0M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0124% | 4h | 0.06328 | −0.153% | $9.5M | $2.4M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06335 | −0.044% | $188K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06341 | +0.052% | $10K | $10K | 10x | as long as short |
| Bybit PYTHUSDTshort | +0.0019% | 4h | 0.06331 | −0.105% | $7.5M | $4.8M | 50x | |
| Aster PYTHUSDT | +0.0028% | 4h | 0.06338 | +0.003% | $22K | $44K | 10x | as long as short |
| Gate PYTH_USDT | +0.0032% | 4h | 0.06323 | −0.232% | $1.1M | $474K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.226% | $553 | $220K | 5.5x | as long as short |
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Aster PYTHUSDT
Gate PYTH_USDT
Injective PYTH/USDC PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06335 | −0.042% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06338 | +0.005% | $200K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06321 | −0.258% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06335 | −0.042% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06329 | −0.137% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06337 | −0.011% | $1.5M | $313K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06329 | −0.137% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06329 | −0.137% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06327 | −0.164% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06332 | −0.091% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06328 | −0.153% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06333 | −0.078% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0511% | 1h | 0.06339 | +0.024% | $36K | $89K | 10x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP