Funding you earn now, next payment 10:00 UTC−0.2097%/8h= −229.7% APRpaid last 24h +0.039%
Price spread now: Kraken Futures against Bybit−0.100%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.368%−$137 on $10k
+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 −$63 a day on $10k at the current rate, and Kraken Futures is 0.100% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.368% in total (about -71.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 1000TURBOUSDT | 0.001067 | 0.0100 | pay 0.0050% / 4h | 2h 17m | $382K | $794K | 25x |
| Short | Kraken Futures PF_TURBOUSD | 0.001066 | −0.1997 | pay 0.0250% / 1h | 17m 50s | $71K | $32K | 20x |
Bybit 1000TURBOUSDT
Kraken Futures PF_TURBOUSDFunding 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
- −$440.43
- Price spread: −0.100% → 0.000%
- −$9.98
- 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
- −$471.41
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 30 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, 30 min ago | 9.38 bp | 37.6 bp −$38 | 847.0 bp −$8,470 | 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.
TURBO on 14 exchanges
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_TURBOUSDshort | −0.1997% | 1h | 0.001066 | −0.100% | $71K | $32K | 20x | |
| Injective TURBO/USDC PERP | +0.0033% | 1h | 0.001069 | +0.225% | $83 | $4 | 5.5x | as long as short |
| BloFin TURBO-USDT | +0.0092% | 4h | 0.001065 | −0.178% | $152K | $500K | 75x | as long as short |
| Hyperliquid TURBO | +0.0100% | 1h | 0.001067 | +0.038% | $311K | $183K | 3x | as long as short |
| Aster TURBOUSDT | +0.0100% | 4h | 0.001066 | −0.031% | $10K | $22K | 10x | as long as short |
| Binance TURBOUSDT | +0.0100% | 4h | 0.001066 | −0.084% | $2.9M | $6.8M | 50x | as long as short |
| Bybit 1000TURBOUSDTlong | +0.0100% | 4h | 0.001067 | long leg | $382K | $794K | 25x | |
| OKX TURBO-USDT-SWAP | +0.0100% | 4h | 0.001065 | −0.113% | $904K | $2.4M | 20x | as long as short |
| Gate TURBO_USDT | +0.0100% | 4h | 0.001067 | +0.009% | $391K | $360K | 25x | as long as short |
| MEXC TURBO_USDT | +0.0100% | 4h | 0.001066 | −0.084% | $5.6M | $619K | 20x | as long as short |
Injective TURBO/USDC PERP
BloFin TURBO-USDT
Hyperliquid TURBO
Aster TURBOUSDT
Binance TURBOUSDT
OKX TURBO-USDT-SWAP
Gate TURBO_USDT
MEXC TURBO_USDTShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TURBOUSDT | +0.0100% | 4h | 0.001067 | +0.038% | $1.0M | $620K | 25x | as long as short |
| BingX TURBO-USDT | +0.0100% | 4h | 0.001065 | −0.122% | — | $9.6M | — | as long as short |
| Extended TURBO-USD | +0.0104% | 1h | 0.001066 | −0.093% | $3K | $194K | 5x | as long as short |
| KuCoin TURBOUSDTM | +0.0216% | 4h | 0.001067 | +0.028% | $1.9M | $985K | 20x | as long as short |
Bitget TURBOUSDT
BingX TURBO-USDT
Extended TURBO-USD
KuCoin TURBOUSDTM