Funding you earn now, next payment 04:00 UTC+0.2975%/8h= +325.8% APRpaid last 24h +0.852%
Price spread now: Kraken Futures against Bybit+1.136%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+1.462%+$146 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 +$89 a day on $10k at the current rate, and Kraken Futures is 1.136% dearer against Bybit than usual: you sell high and buy low: +$114 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 1.462% in total (about 76.2% 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 SUPERUSDT | 0.1523 | 0.0100 | pay 0.0050% / 4h | 0m 13s | $1.1M | $1.5M | 25x |
| Short | Kraken Futures PF_SUPERUSD | 0.1540 | 0.3075 | get 0.0384% / 1h | 0m 13s | $51K | $8K | 10x |
Bybit SUPERUSDT
Kraken Futures PF_SUPERUSDFunding 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
- $624.75
- Price spread: +1.136% → 0.000%
- $113.59
- 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
- $717.34
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 1 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, 1 min ago | 5.25 bp | 86.1 bp −$86 | 469.2 bp −$4,692 | 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.
SUPER 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SUPER | +0.0100% | 1h | 0.1526 | +0.190% | $523K | $326K | 3x | as long as short |
| Binance SUPERUSDT | +0.0100% | 4h | 0.1523 | +0.015% | $2.3M | $5.4M | 50x | as long as short |
| Bybit SUPERUSDTlong | +0.0100% | 4h | 0.1523 | long leg | $1.1M | $1.5M | 25x | |
| Gate SUPER_USDT | +0.0100% | 8h | 0.1522 | −0.066% | $132K | $91K | 50x | as long as short |
| MEXC SUPER_USDT | +0.0100% | 4h | 0.1523 | +0.020% | $1.6M | $609K | 20x | as long as short |
| KuCoin SUPERUSDTM | +0.0100% | 4h | 0.1523 | +0.007% | $624K | $201K | 50x | as long as short |
| Bitget SUPERUSDT | +0.0100% | 4h | 0.1524 | +0.066% | $545K | $262K | 25x | as long as short |
| BingX SUPER-USDT | +0.0100% | 4h | 0.1524 | +0.066% | — | $2.4M | — | as long as short |
| Variational Omni SUPER | +0.0100% | 4h | 0.1524 | +0.094% | $81K | $2K | — | as long as short |
| BloFin SUPER-USDT | +0.0340% | 4h | 0.1523 | −0.020% | $152K | $172K | 75x | as long as short |
Hyperliquid SUPER
Binance SUPERUSDT
Gate SUPER_USDT
MEXC SUPER_USDT
KuCoin SUPERUSDTM
Bitget SUPERUSDT
BingX SUPER-USDT
Variational Omni SUPER
BloFin SUPER-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUPERUSDshort | +0.3075% | 1h | 0.1540 | +1.136% | $51K | $8K | 10x |