Funding you earn now, next payment 06:00 UTC+0.0517%/8h= +56.7% APRpaid last 24h −0.401%
Price spread now: Bybit against Kraken Futures+0.195%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+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 +$16 a day on $10k at the current rate, and Bybit is 0.195% dearer against Kraken Futures than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SYRUPUSD | 0.2195 | −0.0417 | get 0.0052% / 1h | 20m 35s | $39K | $24K | 10x |
| Short | Bybit SYRUPUSDT | 0.2199 | 0.0100 | get 0.0050% / 4h | 2h 20m | $2.1M | $2.6M | 25x |
Kraken Futures PF_SYRUPUSD
Bybit SYRUPUSDTFunding 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
- $108.66
- Price spread: +0.195% → 0.000%
- $19.54
- 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
- $107.2
- Costs to cover
- 0.210%
- Break-even
- 0.1 days
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 | 3.64 bp | 31.1 bp −$31 | 156.4 bp −$1,564 | 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.
SYRUP on 16 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_SYRUPUSDlong | −0.0417% | 1h | 0.2195 | long leg | $39K | $24K | 10x | |
| Lighter SYRUP | +0.0096% | 1h | 0.2199 | +0.200% | $205K | $220K | 5x | as long as short |
| BloFin SYRUP-USDT | +0.0099% | 4h | 0.2195 | −0.010% | $419K | $125K | 50x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2193 | −0.102% | $14K | $69K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2197 | +0.086% | $8.9M | $7.6M | 25x | as long as short |
| Bybit SYRUPUSDTshort | +0.0100% | 4h | 0.2199 | +0.195% | $2.1M | $2.6M | 25x | |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2197 | +0.095% | $1.0M | $1.1M | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2194 | −0.032% | $404K | $66K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2196 | +0.050% | $2.8M | $426K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2203 | +0.391% | $1.9M | $157K | 25x | as long as short |
Lighter SYRUP
BloFin SYRUP-USDT
Aster SYRUPUSDT
Binance SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2199 | +0.186% | $692K | $511K | 20x | as long as short |
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2196 | +0.050% | — | $6.6M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2197 | +0.105% | $156K | $27K | — | as long as short |
| Hyperliquid SYRUP | +0.0128% | 1h | 0.2200 | +0.236% | $5.4M | $1.9M | 3x | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2197 | +0.101% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0314% / S −0.1301% | 1h | 0.2197 | +0.084% | $2K | — | 50x | as long as short |
Bitget SYRUPUSDT
BingX SYRUP-USDT
Variational Omni SYRUP
Hyperliquid SYRUP
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]