Funding you earn now, next payment 05:00 UTC−0.1991%/8h= −218.0% APRpaid last 24h +0.462%
Price spread now: Bybit against Kraken Futures−0.173%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 −$60 a day on $10k at the current rate, and Bybit is 0.173% cheaper against Kraken Futures than usual: you would sell low and buy high (−$17 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 | Kraken Futures PF_SKLUSD | 0.004619 | 0.2091 | pay 0.0261% / 1h | 0m 08s | $5K | $5K | 10x |
| Short | Bybit SKLUSDT | 0.004611 | 0.0100 | get 0.0100% / 8h | 3h 00m | $882K | $944K | 25x |
Kraken Futures PF_SKLUSD
Bybit SKLUSDTFunding 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
- −$418.02
- Price spread: −0.173% → 0.000%
- −$17.35
- 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
- −$456.37
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 30 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, 30 min ago | 1.09 bp | 67.3 bp −$67 | 286.1 bp −$2,861 | 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.
SKL 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SKL-USDT | +0.0098% | 4h | 0.004605 | −0.303% | $183K | $27K | 50x | as long as short |
| Binance SKLUSDT | +0.0100% | 4h | 0.004610 | −0.191% | $2.8M | $8.3M | 50x | as long as short |
| Bybit SKLUSDTshort | +0.0100% | 8h | 0.004611 | −0.173% | $882K | $944K | 25x | |
| Gate SKL_USDT | +0.0100% | 4h | 0.004610 | −0.195% | $184K | $222K | 50x | as long as short |
| MEXC SKL_USDT | +0.0100% | 4h | 0.004610 | −0.195% | $392K | $192K | 20x | as long as short |
| KuCoin SKLUSDTM | +0.0100% | 4h | 0.004608 | −0.238% | $822K | $339K | 30x | as long as short |
| Bitget SKLUSDT | +0.0100% | 4h | 0.004609 | −0.217% | $485K | $797K | 25x | as long as short |
| BingX SKL-USDT | +0.0100% | 4h | 0.004608 | −0.238% | — | $2.3M | — | as long as short |
| Variational Omni SKL | +0.0100% | 8h | 0.004610 | −0.202% | $708 | $1K | — | as long as short |
| Kraken Futures PF_SKLUSDlong | +0.2091% | 1h | 0.004619 | long leg | $5K | $5K | 10x |
BloFin SKL-USDT
Binance SKLUSDT
Gate SKL_USDT
MEXC SKL_USDT
KuCoin SKLUSDTM
Bitget SKLUSDT
BingX SKL-USDT
Variational Omni SKL