Funding you earn now, next payment 07:00 UTC−0.0830%/8h= −90.9% APRpaid last 24h −0.005%
Price spread now: Bybit against Kraken Futures+0.009%55s7-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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$25 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TNSRUSD | 0.03739 | 0.0930 | pay 0.0116% / 1h | 32m 24s | $18K | $18K | 10x |
| Short | Bybit TNSRUSDT | 0.03739 | 0.0100 | get 0.0050% / 4h | 1h 32m | $1.1M | $565K | 25x |
Kraken Futures PF_TNSRUSD
Bybit TNSRUSDTFunding 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
- −$174.39
- Price spread: +0.009% → 0.000%
- $0.87
- 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
- −$194.52
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 3 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, 3 min ago | 2.68 bp | 123.2 bp −$123 | doesn't fit | 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.
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 | 0.03746 | +0.196% | $67K | $59K | 3x | as long as short |
| Aster TNSRUSDT | +0.0100% | 4h | 0.03742 | +0.101% | $19K | $33K | 5x | as long as short |
| Binance TNSRUSDT | +0.0100% | 4h | 0.03742 | +0.089% | $2.3M | $3.9M | 25x | as long as short |
| Bybit TNSRUSDTshort | +0.0100% | 4h | 0.03739 | +0.009% | $1.1M | $565K | 25x | |
| Gate TNSR_USDT | +0.0100% | 4h | 0.03738 | −0.018% | $146K | $117K | 20x | as long as short |
| MEXC TNSR_USDT | +0.0100% | 4h | 0.03741 | +0.062% | $343K | $194K | 50x | as long as short |
| KuCoin TNSRUSDTM | +0.0100% | 4h | 0.03742 | +0.089% | $1.1M | $2.2M | 30x | as long as short |
| Bitget TNSRUSDT | +0.0100% | 4h | 0.03739 | +0.009% | $1.7M | $422K | 25x | as long as short |
| BingX TNSR-USDT | +0.0100% | 4h | 0.03736 | −0.072% | — | $6.5M | — | as long as short |
| Variational Omni TNSR | +0.0100% | 4h | 0.03735 | −0.089% | $4K | $5K | — | as long as short |
Hyperliquid TNSR
Aster TNSRUSDT
Binance TNSRUSDT
Gate TNSR_USDT
MEXC TNSR_USDT
KuCoin TNSRUSDTM
Bitget TNSRUSDT
BingX TNSR-USDT
Variational Omni TNSRShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TNSRUSDlong | +0.0930% | 1h | 0.03739 | long leg | $18K | $18K | 10x |