Funding you earn now, next payment 07:00 UTC−0.4879%/8h= −534.3% APRpaid last 24h −0.534%
Price spread now: Bybit against Kraken Futures−0.426%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.313%−$31 on $10k
+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 −$146 a day on $10k at the current rate, and Bybit is 0.426% cheaper against Kraken Futures than usual: you would sell low and buy high (−$43 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.313% in total (about -16.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_STGUSD | 0.1203 | 0.6253 | pay 0.0782% / 1h | 35m 49s | $9K | $8K | 10x |
| Short | Bybit STGUSDT | 0.1197 | 0.1374 | get 0.1374% / 8h | 1h 35m | $1.1M | $2.3M | 25x |
Kraken Futures PF_STGUSD
Bybit STGUSDTFunding 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
- −$1,024.69
- Price spread: −0.426% → 0.000%
- −$42.55
- 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
- −$1,088.24
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 1 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, 1 min ago | 3.34 bp | 68.2 bp −$68 | 275.3 bp −$2,753 | 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.
STG 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin STGUSDTM | +0.0100% | 4h | 0.1195 | −0.633% | $750K | $214K | 30x | as long as short |
| Gate STG_USDT | +0.0328% | 4h | 0.1198 | −0.384% | $112K | $148K | 25x | as long as short |
| Binance STGUSDT | +0.0957% | 4h | 0.1198 | −0.421% | $2.6M | $5.2M | 20x | as long as short |
| Bitget STGUSDT | +0.1196% | 4h | 0.1197 | −0.467% | $437K | $1.7M | 50x | as long as short |
| Variational Omni STG | +0.1226% | 8h | 0.1197 | −0.451% | $33K | $64K | — | as long as short |
| BingX STG-USDT | +0.1258% | 4h | 0.1196 | −0.550% | — | $1.2M | — | as long as short |
| Bybit STGUSDTshort | +0.1374% | 8h | 0.1197 | −0.426% | $1.1M | $2.3M | 25x | |
| MEXC STG_USDT | +0.1377% | 8h | 0.1195 | −0.633% | $263K | $85K | 20x | as long as short |
| Aster STGUSDT | +0.1585% | 4h | 0.1197 | −0.473% | $14K | $43K | 5x | as long as short |
| Kraken Futures PF_STGUSDlong | +0.6253% | 1h | 0.1203 | long leg | $9K | $8K | 10x |
KuCoin STGUSDTM
Gate STG_USDT
Binance STGUSDT
Bitget STGUSDT
Variational Omni STG
BingX STG-USDT
MEXC STG_USDT
Aster STGUSDT