Funding you earn now, next payment 00:00 UTC+0.1457%/8h= +159.6% APRpaid last 24h +0.339%
Price spread now: Bybit against Kraken Futures−0.658%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
Funding pays, the price is against you. Bybit is 0.658% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.658% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$66 on $10k: about 36 hours of funding at the current rate (+$44 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_STEEMUSD | 0.05769 | 0.0644 | pay 0.0081% / 1h | 56m 03s | $8K | $5K | 10x |
| Short | Bybit STEEMUSDT | 0.05731 | 0.2102 | get 0.1051% / 4h | 56m 03s | $1.3M | $972K | 13x |
Kraken Futures PF_STEEMUSD
Bybit STEEMUSDTFunding 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
- $306.06
- Price spread: −0.658% → 0.000%
- −$65.79
- 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
- $219.27
- Costs to cover
- 0.210%
- Break-even
- 2.0 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 5 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, 5 min ago | 1.75 bp | 54.1 bp −$54 | 165.8 bp −$1,658 | 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.
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 | 0.05755 | −0.242% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05765 | −0.074% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05759 | −0.172% | $2.1M | $3.4M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05756 | −0.225% | $428K | $110K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05756 | −0.225% | $418K | $92K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05755 | −0.242% | $449K | $242K | 25x | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05754 | −0.259% | $40K | $32K | 20x | as long as short |
| Kraken Futures PF_STEEMUSDlong | +0.0644% | 1h | 0.05769 | long leg | $8K | $5K | 10x | |
| Variational Omni STEEM | +0.0736% | 4h | 0.05725 | −0.758% | $12K | $147 | — | as long as short |
| Gate STEEM_USDT | +0.1416% | 4h | 0.05763 | −0.103% | $288K | $120K | 20x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
HTX STEEM-USDT
Variational Omni STEEM
Gate STEEM_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDTshort | +0.2102% | 4h | 0.05731 | −0.658% | $1.3M | $972K | 13x |