Funding you earn now, next payment 00:00 UTC+0.1772%/8h= +194.0% APRpaid last 24h +0.111%
Price spread now: Bybit against Kraken Futures−0.080%7-day average −0.228% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1101.103% of the position
Funding, last 7 days−0.352%−$35 on $10k
+Price spread, last 3 days (all we have)−0.489%−$49 · spread now −0.080%, 7d avg −0.228%
=Both sides work for this trade now. Funding pays +$53 a day on $10k at the current rate, and Bybit is 0.148% dearer against Kraken Futures than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.228%. Mind the row above: over the last 7 days funding on this pair cost −0.352%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.352% in total (about -18.4% 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_STXUSD | 0.3415 | −0.1672 | get 0.0209% / 1h | 2m 45s | $75K | $121K | 20x |
| Short | Bybit STXUSDT | 0.3412 | 0.0100 | get 0.0100% / 8h | 2m 45s | $8.7M | $7.2M | 75x |
Kraken Futures PF_STXUSD
Bybit STXUSDTFunding 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
- $372.07
- Price spread: −0.080% → −0.228%
- $14.8
- Slippage, 4 orders
- −$89.29
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $276.58
- Costs to cover
- 1.103%
- Break-even
- 1.8 days
Slippage from Kraken Futures: live order book, 9 min ago; Bybit: live order book, 5 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 Kraken Futures live order book, 9 min ago | 12.20 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.47 bp | 22.1 bp −$22 | 58.9 bp −$589 | 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_STXUSDlong | −0.1672% | 1h | 0.3415 | long leg | $75K | $121K | 20x | |
| Variational Omni STX | −0.0432% | 8h | 0.3401 | −0.401% | $785K | $312K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3417 | +0.079% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | 0.0000% | 1h | 0.3463 | +1.414% | $4K | $264K | 12x | as long as short |
| Bitget STXUSDT | +0.0005% | 8h | 0.3413 | −0.051% | $4.9M | $1.9M | 50x | as long as short |
| Hyperliquid STX | +0.0100% | 1h | 0.3422 | +0.219% | $1.5M | $908K | 5x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3415 | +0.013% | $127K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3417 | +0.053% | $8.0M | $19.6M | 75x | as long as short |
| Bybit STXUSDTshort | +0.0100% | 8h | 0.3412 | −0.080% | $8.7M | $7.2M | 75x | |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3412 | −0.080% | $2.3M | $6.2M | 20x | as long as short |
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
Bitget STXUSDT
Hyperliquid STX
Aster STXUSDT
Binance STXUSDT
OKX STX-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STX_USDT | +0.0100% | 8h | 0.3410 | −0.138% | $600K | $448K | 50x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3414 | −0.021% | $6.2M | $1.4M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3415 | +0.008% | $2.4M | $1.7M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3415 | +0.008% | — | $16.2M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3408 | −0.197% | $50K | $686K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3416 | +0.031% | $184K | $590K | 10x | as long as short |
| BloFin STX-USDT | +0.0109% | 8h | 0.3417 | +0.067% | $421K | $237K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0194% / S −0.0366% | 1h | 0.3417 | +0.052% | $5K | — | 100x | as long as short |
Gate STX_USDT
MEXC STX_USDT
KuCoin STXUSDTM
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
BloFin STX-USDT
GMX STX/USD [WBTC.b-USDC]