Funding you earn now, next payment 10:00 UTC+0.1492%/8h= +163.3% APRpaid last 24h +0.044%
Price spread now: Kraken Futures against Bybit+0.120%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 +$45 a day on $10k at the current rate, and Kraken Futures is 0.120% dearer against Bybit than usual: you sell high and buy low: +$12 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 | Bybit TNSRUSDT | 0.03783 | 0.0100 | pay 0.0050% / 4h | 2h 58m | $1.1M | $595K | 25x |
| Short | Kraken Futures PF_TNSRUSD | 0.03788 | 0.1592 | get 0.0199% / 1h | 58m 47s | $18K | $19K | 10x |
Bybit TNSRUSDT
Kraken Futures PF_TNSRUSDFunding 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
- $313.26
- Price spread: +0.120% → 0.000%
- $11.99
- 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
- $304.25
- Costs to cover
- 0.210%
- Break-even
- 0.2 days
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 | 2.64 bp | 120.6 bp −$121 | 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.
TNSR 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 TNSR | +0.0100% | 1h | 0.03792 | +0.238% | $66K | $55K | 3x | as long as short |
| Binance TNSRUSDT | +0.0100% | 4h | 0.03788 | +0.133% | $2.3M | $4.0M | 25x | as long as short |
| Bybit TNSRUSDTlong | +0.0100% | 4h | 0.03783 | long leg | $1.1M | $595K | 25x | |
| Gate TNSR_USDT | +0.0100% | 4h | 0.03788 | +0.132% | $150K | $117K | 20x | as long as short |
| MEXC TNSR_USDT | +0.0100% | 4h | 0.03789 | +0.159% | $365K | $184K | 50x | as long as short |
| KuCoin TNSRUSDTM | +0.0100% | 4h | 0.03792 | +0.238% | $1.1M | $2.1M | 30x | as long as short |
| Bitget TNSRUSDT | +0.0100% | 4h | 0.03789 | +0.159% | $1.7M | $408K | 25x | as long as short |
| BingX TNSR-USDT | +0.0100% | 4h | 0.03786 | +0.079% | — | $6.6M | — | as long as short |
| Variational Omni TNSR | +0.0100% | 4h | 0.03781 | −0.045% | $4K | $5K | — | as long as short |
| Aster TNSRUSDT | +0.0405% | 4h | 0.03788 | +0.129% | $19K | $33K | 5x | as long as short |
Hyperliquid TNSR
Binance TNSRUSDT
Gate TNSR_USDT
MEXC TNSR_USDT
KuCoin TNSRUSDTM
Bitget TNSRUSDT
BingX TNSR-USDT
Variational Omni TNSR
Aster TNSRUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TNSRUSDshort | +0.1592% | 1h | 0.03788 | +0.120% | $18K | $19K | 10x |