Funding you earn now, next payment 12:00 UTC−0.4283%/8h= −469.0% APRpaid last 24h +0.144%
Price spread now: Kraken Futures against Bybit−0.242%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
Both sides work against this trade now: funding costs −$128 a day on $10k at the current rate, and Kraken Futures is 0.242% cheaper against Bybit than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKLUSDT | 0.004531 | 0.0100 | pay 0.0100% / 8h | 4h 09m | $835K | $880K | 25x |
| Short | Kraken Futures PF_SKLUSD | 0.004520 | −0.4183 | pay 0.0523% / 1h | 9m 15s | $4K | $5K | 10x |
Bybit SKLUSDT
Kraken Futures PF_SKLUSDFunding 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
- −$899.47
- Price spread: −0.242% → 0.000%
- −$24.18
- 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
- −$944.64
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 29 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, 29 min ago | 1.10 bp | 51.8 bp −$52 | 429.4 bp −$4,294 | 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.
SKL on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SKLUSDshort | −0.4183% | 1h | 0.004520 | −0.242% | $4K | $5K | 10x | |
| Binance SKLUSDT | +0.0100% | 4h | 0.004526 | −0.110% | $2.6M | $6.7M | 50x | as long as short |
| Bybit SKLUSDTlong | +0.0100% | 8h | 0.004531 | long leg | $835K | $880K | 25x | |
| Gate SKL_USDT | +0.0100% | 4h | 0.004520 | −0.243% | $161K | $186K | 50x | as long as short |
| MEXC SKL_USDT | +0.0100% | 4h | 0.004526 | −0.110% | $333K | $171K | 20x | as long as short |
| KuCoin SKLUSDTM | +0.0100% | 4h | 0.004529 | −0.044% | $782K | $223K | 30x | as long as short |
| Bitget SKLUSDT | +0.0100% | 4h | 0.004528 | −0.066% | $451K | $651K | 25x | as long as short |
| BingX SKL-USDT | +0.0100% | 4h | 0.004526 | −0.110% | — | $2.3M | — | as long as short |
| Variational Omni SKL | +0.0100% | 8h | 0.004532 | +0.017% | $697 | $1K | — | as long as short |
| BloFin SKL-USDT | +0.0105% | 4h | 0.004524 | −0.154% | $168K | $21K | 50x | as long as short |
Binance SKLUSDT
Gate SKL_USDT
MEXC SKL_USDT
KuCoin SKLUSDTM
Bitget SKLUSDT
BingX SKL-USDT
Variational Omni SKL
BloFin SKL-USDT