Funding you earn now, next payment 06:00 UTC−0.0763%/8h= −83.6% APRpaid last 24h −0.294%
Price spread now: Kraken Futures against Bybit−0.127%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$23 a day on $10k at the current rate, and Kraken Futures is 0.127% cheaper against Bybit than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TLMUSDT | 0.001490 | 0.0100 | pay 0.0100% / 8h | 2h 35m | $381K | $345K | 20x |
| Short | Kraken Futures PF_TLMUSD | 0.001488 | −0.0663 | pay 0.0083% / 1h | 35m 45s | $22K | $4K | 10x |
Bybit TLMUSDT
Kraken Futures PF_TLMUSDFunding 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
- −$160.27
- Price spread: −0.127% → 0.000%
- −$12.7
- 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
- −$193.97
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 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, 4 min ago | 2.69 bp | 137.5 bp −$137 | doesn't fit | 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.
TLM on 10 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_TLMUSDshort | −0.0663% | 1h | 0.001488 | −0.127% | $22K | $4K | 10x | |
| Aster TLMUSDT | +0.0100% | 4h | 0.001490 | +0.009% | $7K | $4K | 5x | as long as short |
| Binance TLMUSDT | +0.0100% | 4h | 0.001491 | +0.075% | $1.5M | $2.3M | 20x | as long as short |
| Bybit TLMUSDTlong | +0.0100% | 8h | 0.001490 | long leg | $381K | $345K | 20x | |
| Gate TLM_USDT | +0.0100% | 8h | 0.001489 | −0.067% | $93K | $504K | 25x | as long as short |
| MEXC TLM_USDT | +0.0100% | 4h | 0.001491 | +0.067% | $1.0M | $407K | 20x | as long as short |
| Bitget TLMUSDT | +0.0100% | 4h | 0.001489 | −0.067% | $601K | $185K | 10x | as long as short |
| BingX TLM-USDT | +0.0100% | 4h | 0.001490 | 0.000% | — | $1.3M | — | as long as short |
| Variational Omni TLM | +0.0100% | 8h | 0.001489 | −0.036% | $9K | $1K | — | as long as short |
| edgeX TLMUSDC | +0.0100% | 4h | 0.001486 | −0.265% | $537 | $210K | 5x | as long as short |
Aster TLMUSDT
Binance TLMUSDT
Gate TLM_USDT
MEXC TLM_USDT
Bitget TLMUSDT
BingX TLM-USDT
Variational Omni TLM
edgeX TLMUSDC