Funding you earn now, next payment 00:00 UTC+0.0581%/8h= +63.6% APRpaid last 24h −0.515%
Price spread now: Bybit against Kraken Futures−0.029%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 pays, the price is against you. Bybit is 0.029% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$17 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZEREBROUSD | 0.03384 | −0.0481 | get 0.0060% / 1h | 43m 11s | $3K | $2K | 10x |
| Short | Bybit ZEREBROUSDT | 0.03383 | 0.0100 | get 0.0050% / 4h | 43m 11s | $5.2M | $878K | 13x |
Kraken Futures PF_ZEREBROUSD
Bybit ZEREBROUSDTFunding 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
- $121.94
- Price spread: −0.029% → 0.000%
- −$2.91
- 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
- $98.04
- Costs to cover
- 0.210%
- Break-even
- 1.4 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 | 5.91 bp | 46.8 bp −$47 | 209.1 bp −$2,091 | 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.
ZEREBRO 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZEREBROUSDlong | −0.0481% | 1h | 0.03384 | long leg | $3K | $2K | 10x | |
| Bybit ZEREBROUSDTshort | +0.0100% | 4h | 0.03383 | −0.029% | $5.2M | $878K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03382 | −0.053% | $452K | $21K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03383 | −0.023% | $1.4M | $2.9M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03385 | +0.029% | $109K | $14K | — | as long as short |
| BingX ZEREBRO-USDT | +0.0464% | 4h | 0.03384 | +0.021% | — | $1.3M | — | as long as short |
| Extended ZEREBRO-USD | +0.0488% | 1h | 0.03386 | +0.067% | $5K | $169K | 5x | as long as short |
| MEXC ZEREBRO_USDT | +0.0490% | 4h | 0.03386 | +0.080% | $7.1M | $126K | 50x | as long as short |
| Binance ZEREBROUSDT | +0.0491% | 4h | 0.03386 | +0.086% | $4.6M | $1.3M | 10x | as long as short |
| BloFin ZEREBRO-USDT | +0.0512% | 4h | 0.03386 | +0.083% | $265K | $12K | 10x | as long as short |
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
BingX ZEREBRO-USDT
Extended ZEREBRO-USD
MEXC ZEREBRO_USDT
Binance ZEREBROUSDT
BloFin ZEREBRO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZEREBROUSDT | +0.0532% | 4h | 0.03390 | +0.191% | $380K | $22K | 5x | as long as short |
Aster ZEREBROUSDT