Funding you earn now, next payment 11:00 UTC+0.9040%/8h= +989.8% APRpaid last 24h +4.042%
Price spread now: Kraken Futures against Bybit+0.924%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 +$271 a day on $10k at the current rate, and Kraken Futures is 0.924% dearer against Bybit than usual: you sell high and buy low: +$92 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 RAREUSDT | 0.01309 | 0.0100 | pay 0.0050% / 4h | 1h 27m | $304K | $75K | 25x |
| Short | Kraken Futures PF_RAREUSD | 0.01322 | 0.9140 | get 0.1142% / 1h | 27m 22s | $3K | $2K | 10x |
Bybit RAREUSDT
Kraken Futures PF_RAREUSDFunding 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
- $1,898.3
- Price spread: +0.924% → 0.000%
- $92.44
- 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
- $1,969.74
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 10 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, 10 min ago | 2.66 bp | 116.3 bp −$116 | 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.
RARE on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX RARE-USDT | +0.0070% | 4h | 0.01306 | −0.260% | — | $1.3M | — | as long as short |
| BloFin RARE-USDT | +0.0096% | 4h | 0.01309 | −0.031% | $104K | $12K | 25x | as long as short |
| Aster RAREUSDT | +0.0100% | 4h | 0.01307 | −0.213% | $7K | $3K | 5x | as long as short |
| Binance RAREUSDT | +0.0100% | 4h | 0.01308 | −0.077% | $1.6M | $1.1M | 25x | as long as short |
| Bybit RAREUSDTlong | +0.0100% | 4h | 0.01309 | long leg | $304K | $75K | 25x | |
| Gate RARE_USDT | +0.0100% | 4h | 0.01307 | −0.183% | $49K | $21K | 20x | as long as short |
| MEXC RARE_USDT | +0.0100% | 4h | 0.01307 | −0.183% | $633K | $179K | 100x | as long as short |
| KuCoin RAREUSDTM | +0.0100% | 4h | 0.01309 | −0.031% | $207K | $63K | 30x | as long as short |
| Bitget RAREUSDT | +0.0100% | 4h | 0.01306 | −0.260% | $227K | $66K | 20x | as long as short |
| Variational Omni RARE | +0.0100% | 4h | 0.01308 | −0.123% | $1K | $918 | — | as long as short |
BingX RARE-USDT
BloFin RARE-USDT
Aster RAREUSDT
Binance RAREUSDT
Gate RARE_USDT
MEXC RARE_USDT
KuCoin RAREUSDTM
Bitget RAREUSDT
Variational Omni RAREShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RAREUSDshort | +0.9140% | 1h | 0.01322 | +0.924% | $3K | $2K | 10x |