Funding you earn now, next payment 05:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h −0.279%
Price spread now: Bybit against Kraken Futures−0.054%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.054% cheaper against Kraken Futures than usual: you would sell low and buy high, −$5 on $10k if it 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 | Kraken Futures PF_XCNUSD | 0.004400 | 0.0091 | pay 0.0011% / 1h | 56m 42s | $2K | $2K | 10x |
| Short | Bybit XCNUSDT | 0.004397 | 0.0100 | get 0.0050% / 4h | 3h 56m | $1.0M | $1.5M | 5x |
Kraken Futures PF_XCNUSD
Bybit XCNUSDTFunding 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
- $1.88
- Price spread: −0.054% → 0.000%
- −$5.44
- 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
- −$24.56
- Costs to cover
- 0.210%
- Break-even
- 98.5 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 5 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, 5 min ago | 3.40 bp | 50.5 bp −$50 | 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.
XCN on 7 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_XCNUSDlong | +0.0091% | 1h | 0.004400 | long leg | $2K | $2K | 10x | |
| Aster XCNUSDT | +0.0100% | 1h | 0.004402 | +0.044% | $9K | $3K | 3x | as long as short |
| Bybit XCNUSDTshort | +0.0100% | 4h | 0.004397 | −0.054% | $1.0M | $1.5M | 5x | |
| Gate XCN_USDT | +0.0100% | 4h | 0.004384 | −0.354% | $347K | $93K | 10x | as long as short |
| MEXC XCN_USDT | +0.0100% | 4h | 0.004403 | +0.077% | $2.3M | $159K | 20x | as long as short |
| BingX XCN-USDT | +0.0100% | 4h | 0.004393 | −0.150% | — | $1.6M | — | as long as short |
| Variational Omni XCN | +0.0100% | 4h | 0.004413 | +0.310% | $10K | $511 | — | as long as short |
Aster XCNUSDT
Gate XCN_USDT
MEXC XCN_USDT
BingX XCN-USDT
Variational Omni XCN