Funding you earn now, next payment 09:00 UTC−0.1873%/8h= −205.1% APRpaid last 24h −0.878%
Price spread now: Kraken Futures against Bybit+0.113%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
The price spread pays, funding is against you. Kraken Futures is 0.113% dearer against Bybit than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$56 a day in funding at the current rate, which eats that in about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TUSDT | 0.005261 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $1.6M | $1.6M | 25x |
| Short | Kraken Futures PF_TUSD | 0.005267 | −0.1773 | pay 0.0222% / 1h | 58m 51s | $4K | $2K | 10x |
Bybit TUSDT
Kraken Futures PF_TUSDFunding 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
- −$393.33
- Price spread: +0.113% → 0.000%
- $11.3
- 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
- −$403.04
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 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, 2 min ago | 4.75 bp | 39.0 bp −$39 | 308.8 bp −$3,088 | 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.
T on 8 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_TUSDshort | −0.1773% | 1h | 0.005267 | +0.113% | $4K | $2K | 10x | |
| Gate T_USDT | −0.1164% | 4h | 0.005266 | +0.095% | $208K | $86K | 20x | as long as short |
| Bitget TUSDT | −0.0866% | 4h | 0.005254 | −0.133% | $882K | $631K | 50x | as long as short |
| Variational Omni T | −0.0723% | 4h | 0.005260 | −0.023% | $7K | $6K | — | as long as short |
| MEXC T_USDT | −0.0624% | 4h | 0.005261 | 0.000% | $3.1M | $228K | 20x | as long as short |
| Binance TUSDT | −0.0612% | 4h | 0.005262 | +0.019% | $3.2M | $7.7M | 50x | as long as short |
| KuCoin TUSDTM | −0.0280% | 4h | 0.005259 | −0.038% | $1.3M | $96K | 12x | as long as short |
| Bybit TUSDTlong | +0.0100% | 4h | 0.005261 | long leg | $1.6M | $1.6M | 25x |
Gate T_USDT
Bitget TUSDT
Variational Omni T
MEXC T_USDT
Binance TUSDT
KuCoin TUSDTM