Funding you earn now, next payment 10:00 UTC+0.6726%/8h= +736.5% APRpaid last 24h +0.640%
Price spread now: Kraken Futures against Bybit+0.596%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.520%+$52 on $10k
+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 +$202 a day on $10k at the current rate, and Kraken Futures is 0.596% dearer against Bybit than usual: you sell high and buy low: +$60 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.520% in total (about 27.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STGUSDT | 0.1223 | 0.1325 | pay 0.1325% / 8h | 6h 21m | $1.1M | $2.3M | 25x |
| Short | Kraken Futures PF_STGUSD | 0.1230 | 0.8051 | get 0.1006% / 1h | 21m 01s | $9K | $7K | 10x |
Bybit STGUSDT
Kraken Futures PF_STGUSDFunding 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
- $1,412.44
- Price spread: +0.596% → 0.000%
- $59.62
- 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
- $1,451.06
- 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 | 5.32 bp | 104.2 bp −$104 | 494.1 bp −$4,941 | 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.
STG on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate STG_USDT | +0.0100% | 4h | 0.1222 | −0.082% | $125K | $149K | 25x | as long as short |
| KuCoin STGUSDTM | +0.0100% | 4h | 0.1225 | +0.164% | $745K | $217K | 30x | as long as short |
| BingX STG-USDT | +0.1210% | 4h | 0.1225 | +0.164% | — | $1.2M | — | as long as short |
| Bitget STGUSDT | +0.1230% | 4h | 0.1223 | 0.000% | $446K | $1.7M | 50x | as long as short |
| Binance STGUSDT | +0.1253% | 4h | 0.1224 | +0.043% | $2.6M | $4.8M | 20x | as long as short |
| Bybit STGUSDTlong | +0.1325% | 8h | 0.1223 | long leg | $1.1M | $2.3M | 25x | |
| Variational Omni STG | +0.1329% | 8h | 0.1220 | −0.225% | $34K | $34K | — | as long as short |
| MEXC STG_USDT | +0.1331% | 8h | 0.1221 | −0.164% | $256K | $88K | 20x | as long as short |
| Kraken Futures PF_STGUSDshort | +0.8051% | 1h | 0.1230 | +0.596% | $9K | $7K | 10x |
Gate STG_USDT
KuCoin STGUSDTM
BingX STG-USDT
Bitget STGUSDT
Binance STGUSDT
Variational Omni STG
MEXC STG_USDT