Funding you earn now, next payment 03:00 UTC−0.2912%/8h= −318.9% APRpaid last 24h −0.826%
Price spread now: Bybit against Kraken Futures−0.678%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−1.408%−$141 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 −$87 a day on $10k at the current rate, and Bybit is 0.678% cheaper against Kraken Futures than usual: you would sell low and buy high (−$68 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 -1.408% in total (about -73.4% 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_SUPERUSD | 0.1531 | 0.3086 | pay 0.0386% / 1h | 42m 24s | $51K | $8K | 10x |
| Short | Bybit SUPERUSDT | 0.1520 | 0.0173 | get 0.0087% / 4h | 1h 42m | $1.1M | $1.6M | 25x |
Kraken Futures PF_SUPERUSD
Bybit SUPERUSDTFunding 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
- −$611.6
- Price spread: −0.678% → 0.000%
- −$67.83
- 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
- −$700.43
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 4 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, 4 min ago | 4.93 bp | 80.6 bp −$81 | 254.7 bp −$2,547 | 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.
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 | 0.1523 | −0.522% | $525K | $325K | 3x | as long as short |
| Binance SUPERUSDT | +0.0100% | 4h | 0.1520 | −0.738% | $2.3M | $5.4M | 50x | as long as short |
| Gate SUPER_USDT | +0.0100% | 8h | 0.1518 | −0.842% | $131K | $90K | 50x | as long as short |
| MEXC SUPER_USDT | +0.0100% | 4h | 0.1520 | −0.718% | $1.6M | $605K | 20x | as long as short |
| KuCoin SUPERUSDTM | +0.0100% | 4h | 0.1521 | −0.646% | $620K | $214K | 50x | as long as short |
| Bitget SUPERUSDT | +0.0100% | 4h | 0.1521 | −0.646% | $545K | $267K | 25x | as long as short |
| Bybit SUPERUSDTshort | +0.0173% | 4h | 0.1520 | −0.678% | $1.1M | $1.6M | 25x | |
| BingX SUPER-USDT | +0.0204% | 4h | 0.1520 | −0.744% | — | $2.4M | — | as long as short |
| Variational Omni SUPER | +0.0305% | 4h | 0.1521 | −0.670% | $80K | $2K | — | as long as short |
| BloFin SUPER-USDT | +0.0340% | 4h | 0.1520 | −0.704% | $151K | $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_SUPERUSDlong | +0.3086% | 1h | 0.1531 | long leg | $51K | $8K | 10x |