Funding you earn now, next payment 00:00 UTC+0.3686%/8h= +403.6% APRpaid last 24h +0.798%
Price spread now: Bybit against Kraken Futures+0.088%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 +$111 a day on $10k at the current rate, and Bybit is 0.088% dearer against Kraken Futures than usual: you sell high and buy low: +$9 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_TUSD | 0.005176 | −0.4382 | get 0.0548% / 1h | 2m 36s | $2K | $2K | 10x |
| Short | Bybit TUSDT | 0.005181 | −0.0696 | pay 0.0348% / 4h | 2m 36s | $1.6M | $2.1M | 25x |
Kraken Futures PF_TUSD
Bybit TUSDTFunding 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
- $774.08
- Price spread: +0.088% → 0.000%
- $8.82
- 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
- $761.9
- Costs to cover
- 0.210%
- Break-even
- 0.1 days
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 | 2.90 bp | 30.0 bp −$30 | 231.9 bp −$2,319 | 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.
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_TUSDlong | −0.4382% | 1h | 0.005176 | long leg | $2K | $2K | 10x | |
| KuCoin TUSDTM | −0.0824% | 4h | 0.005184 | +0.146% | $1.4M | $109K | 12x | as long as short |
| MEXC T_USDT | −0.0806% | 4h | 0.005178 | +0.030% | $3.1M | $262K | 20x | as long as short |
| Gate T_USDT | −0.0800% | 4h | 0.005185 | +0.165% | $214K | $118K | 20x | as long as short |
| Binance TUSDT | −0.0797% | 4h | 0.005179 | +0.050% | $3.3M | $9.9M | 50x | as long as short |
| Variational Omni T | −0.0782% | 4h | 0.005162 | −0.283% | $8K | $14K | — | as long as short |
| Bybit TUSDTshort | −0.0696% | 4h | 0.005181 | +0.088% | $1.6M | $2.1M | 25x | |
| Bitget TUSDT | −0.0636% | 4h | 0.005171 | −0.105% | $887K | $771K | 50x | as long as short |
KuCoin TUSDTM
MEXC T_USDT
Gate T_USDT
Binance TUSDT
Variational Omni T
Bitget TUSDT