Funding you earn now, next payment 11:00 UTC−4.0040%/8h= −4384.4% APRpaid last 24h −2.244%
Price spread now: Bybit against Kraken Futures−0.301%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 −$1,201 a day on $10k at the current rate, and Bybit is 0.301% cheaper against Kraken Futures than usual: you would sell low and buy high (−$30 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 | Kraken Futures PF_VELOUSD | 0.004725 | 4.0140 | pay 0.5017% / 1h | 30m 36s | $2K | $3K | 10x |
| Short | Bybit VELOUSDT | 0.004711 | 0.0100 | get 0.0100% / 8h | 5h 30m | $551K | $626K | 5x |
Kraken Futures PF_VELOUSD
Bybit VELOUSDTFunding 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
- −$8,408.35
- Price spread: −0.301% → 0.000%
- −$30.06
- 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
- −$8,459.4
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 8 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, 8 min ago | 5.28 bp | 132.5 bp −$132 | 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.
VELO on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster VELOUSDT | +0.0100% | 1h | 0.004716 | −0.202% | $5K | $1K | 3x | as long as short |
| Bybit VELOUSDTshort | +0.0100% | 8h | 0.004711 | −0.301% | $551K | $626K | 5x | |
| Gate VELO_USDT | +0.0100% | 8h | 0.004717 | −0.174% | $142K | $63K | 20x | as long as short |
| MEXC VELO_USDT | +0.0100% | 8h | 0.004708 | −0.364% | $1.4M | $472K | 100x | as long as short |
| Variational Omni VELO | +0.0100% | 8h | 0.004705 | −0.430% | $8K | $118 | — | as long as short |
| KuCoin VELOUSDTM | +0.0868% | 4h | 0.004753 | +0.588% | $541K | $30K | 8x | as long as short |
| Kraken Futures PF_VELOUSDlong | +4.0140% | 1h | 0.004725 | long leg | $2K | $3K | 10x |
Aster VELOUSDT
Gate VELO_USDT
MEXC VELO_USDT
Variational Omni VELO
KuCoin VELOUSDTM