Funding you earn now, next payment 03:00 UTC−0.0867%/8h= −95.0% APRpaid last 24h −0.155%
Price spread now: Kraken Futures against Bybit−0.131%7-day average +0.226% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1071.072% of the position
Funding, last 7 days+0.300%+$30 on $10k
+Price spread, last 4 days (all we have)+2.066%+$207 · spread now −0.131%, 7d avg +0.226%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Kraken Futures is 0.357% cheaper against Bybit than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.226%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.300%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.300% in total (about 15.7% 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 | Bybit STXUSDT | 0.3349 | 0.0100 | pay 0.0100% / 8h | 5h 39m | $8.5M | $6.6M | 75x |
| Short | Kraken Futures PF_STXUSD | 0.3345 | −0.0767 | pay 0.0096% / 1h | 39m 02s | $69K | $112K | 20x |
Bybit STXUSDT
Kraken Futures PF_STXUSDFunding 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
- −$182.15
- Price spread: −0.131% → +0.226%
- −$35.73
- Slippage, 4 orders
- −$86.21
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$325.09
- Costs to cover
- 1.072%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Kraken Futures: live order book, 23 min ago.
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 | 1.49 bp | 18.1 bp −$18 | 53.9 bp −$539 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 23 min ago | 21.37 bp | 38.7 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
STX on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSDshort | −0.0767% | 1h | 0.3345 | −0.131% | $69K | $112K | 20x | |
| Variational Omni STX | −0.0343% | 8h | 0.3342 | −0.199% | $767K | $253K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3351 | +0.063% | — | — | 150x | as long as short |
| Gate STX_USDT | +0.0008% | 8h | 0.3344 | −0.149% | $592K | $344K | 50x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3463 | +3.404% | $4K | $264K | 12x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3353 | +0.107% | $126K | $57K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3353 | +0.119% | $7.7M | $18.2M | 75x | as long as short |
| Bybit STXUSDTlong | +0.0100% | 8h | 0.3349 | long leg | $8.5M | $6.6M | 75x | |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3351 | +0.060% | $2.3M | $5.4M | 20x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3350 | +0.030% | $6.0M | $1.2M | 50x | as long as short |
Variational Omni STX
gTrade (Gains Network) STX/USD
Gate STX_USDT
Injective STX/USDC PERP
Aster STXUSDT
Binance STXUSDT
OKX STX-USDT-SWAP
MEXC STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3349 | 0.000% | $2.4M | $1.5M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3350 | +0.030% | $4.6M | $2.0M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3352 | +0.090% | — | $13.6M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3351 | +0.060% | $49K | $689K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3349 | +0.011% | $176K | $620K | 10x | as long as short |
| BloFin STX-USDT | +0.0114% | 8h | 0.3350 | +0.030% | $409K | $214K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0188% / S −0.0263% | 1h | 0.3349 | 0.000% | $4K | — | 100x | as long as short |
| Hyperliquid STX | +0.0251% | 1h | 0.3356 | +0.215% | $1.4M | $741K | 5x | as long as short |
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
BloFin STX-USDT
GMX STX/USD [WBTC.b-USDC]
Hyperliquid STX