Funding you earn now, next payment 06:00 UTC−0.0676%/8h= −74.0% APRpaid last 24h −1.131%
Price spread now: Kraken Futures against Bybit−0.123%55s7-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 −$20 a day on $10k at the current rate, and Kraken Futures is 0.123% cheaper against Bybit than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 SOONUSDT | 0.1953 | 0.1444 | pay 0.0722% / 4h | 2h 17m | $2.5M | $1.2M | 25x |
| Short | Kraken Futures PF_SOONUSD | 0.1950 | 0.0768 | get 0.0096% / 1h | 17m 27s | $11K | $2K | 10x |
Bybit SOONUSDT
Kraken Futures PF_SOONUSDFunding 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
- −$141.95
- Price spread: −0.123% → 0.000%
- −$12.34
- 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
- −$175.29
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 5 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, 5 min ago | 5.14 bp | 42.1 bp −$42 | 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.
SOON on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1964 | +0.574% | $1.8M | $3.4M | 50x | as long as short |
| Binance SOONUSDT | +0.0574% | 4h | 0.1962 | +0.476% | $8.0M | $2.0M | 50x | as long as short |
| Extended SOON-USD | +0.0576% | 1h | 0.1961 | +0.449% | $9K | $295K | 5x | as long as short |
| OKX SOON-USDT-SWAP | +0.0703% | 4h | 0.1964 | +0.579% | $2.0M | $501K | 20x | as long as short |
| Kraken Futures PF_SOONUSDshort | +0.0768% | 1h | 0.1950 | −0.123% | $11K | $2K | 10x | |
| Variational Omni SOON | +0.0853% | 4h | 0.1947 | −0.309% | $239K | $20K | — | as long as short |
| Gate SOON_USDT | +0.0954% | 4h | 0.1958 | +0.271% | $3.2M | $138K | 50x | as long as short |
| Aster SOONUSDT | +0.1180% | 4h | 0.1959 | +0.338% | $191K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.1218% | 4h | 0.1963 | +0.527% | $9.2M | $282K | 25x | as long as short |
| BingX SOON-USDT | +0.1234% | 4h | 0.1960 | +0.374% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
Binance SOONUSDT
Extended SOON-USD
OKX SOON-USDT-SWAP
Variational Omni SOON
Gate SOON_USDT
Aster SOONUSDT
Bitget SOONUSDT
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDTlong | +0.1444% | 4h | 0.1953 | long leg | $2.5M | $1.2M | 25x |