Funding you earn now, next payment 01:00 UTC+0.0432%/8h= +47.3% APRpaid last 24h −0.444%
Price spread now: Kraken Futures against Bybit+0.593%7-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 +$13 a day on $10k at the current rate, and Kraken Futures is 0.593% dearer against Bybit than usual: you sell high and buy low: +$59 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STEEMUSDT | 0.05801 | 0.0110 | pay 0.0055% / 4h | 3h 12m | $1.3M | $1.1M | 13x |
| Short | Kraken Futures PF_STEEMUSD | 0.05835 | 0.0542 | get 0.0068% / 1h | 12m 11s | $8K | $5K | 10x |
Bybit STEEMUSDT
Kraken Futures PF_STEEMUSDFunding 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
- $90.67
- Price spread: +0.593% → 0.000%
- $59.35
- 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
- $129.02
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 4 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, 4 min ago | 3.46 bp | 104.5 bp −$105 | 201.1 bp −$2,011 | 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.
STEEM 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX STEEM-USDT | +0.0070% | 4h | 0.05811 | +0.172% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05818 | +0.298% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05820 | +0.328% | $2.1M | $3.5M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05818 | +0.293% | $432K | $123K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05816 | +0.259% | $418K | $93K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05820 | +0.328% | $490K | $290K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05777 | −0.412% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05802 | +0.017% | $40K | $33K | 20x | as long as short |
| Bybit STEEMUSDTlong | +0.0110% | 4h | 0.05801 | long leg | $1.3M | $1.1M | 13x | |
| Gate STEEM_USDT | +0.0384% | 4h | 0.05818 | +0.293% | $290K | $112K | 20x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Gate STEEM_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSDshort | +0.0542% | 1h | 0.05835 | +0.593% | $8K | $5K | 10x |