Funding you earn now, next payment 05:00 UTC−0.2000%/8h= −219.0% APRpaid last 24h −0.854%
Price spread now: Kraken Futures against Bybit+0.201%7-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 pays, funding is against you. Kraken Futures is 0.201% dearer against Bybit than usual: you sell high and buy low (spread +0.201% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$60 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZILUSDT | 0.003701 | −0.1887 | get 0.1887% / 8h | 3h 53m | $2.9M | $3.3M | 25x |
| Short | Kraken Futures PF_ZILUSD | 0.003708 | −0.3887 | pay 0.0486% / 1h | 53m 39s | $30K | $8K | 10x |
Funding 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
- −$420.01
- Price spread: +0.201% → 0.000%
- $20.12
- 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
- −$420.89
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 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, 4 min ago | 2.70 bp | 38.7 bp −$39 | 285.1 bp −$2,851 | 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.
ZIL on 12 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_ZILUSDshort | −0.3887% | 1h | 0.003708 | +0.201% | $30K | $8K | 10x | |
| Gate ZIL_USDT | −0.3228% | 4h | 0.003708 | +0.189% | $401K | $338K | 50x | as long as short |
| KuCoin ZILUSDTM | −0.2596% | 4h | 0.003725 | +0.648% | $2.4M | $211K | 25x | as long as short |
| Bybit ZILUSDTlong | −0.1887% | 8h | 0.003701 | long leg | $2.9M | $3.3M | 25x | |
| BingX ZIL-USDT | −0.1688% | 4h | 0.003699 | −0.054% | — | $2.5M | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1618% | 4h | 0.003702 | +0.027% | $1.0M | $2.7M | 20x | as long as short |
| Variational Omni ZIL | −0.1245% | 8h | 0.003701 | −0.004% | $16K | $22K | — | as long as short |
| Aster ZILUSDT | −0.0957% | 4h | 0.003690 | −0.310% | $151K | $56K | 10x | as long as short |
| BloFin ZIL-USDT | −0.0954% | 4h | 0.003696 | −0.135% | $257K | $151K | 25x | as long as short |
| Binance ZILUSDT | −0.0938% | 4h | 0.003692 | −0.243% | $4.4M | $10.1M | 25x | as long as short |
Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZIL_USDT | −0.0934% | 4h | 0.003691 | −0.270% | $2.4M | $737K | 125x | as long as short |
| Bitget ZILUSDT | −0.0594% | 4h | 0.003700 | −0.027% | $1.3M | $840K | 25x | as long as short |
Bybit ZILUSDT
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
KuCoin ZILUSDTM
BingX ZIL-USDT
OKX ZIL-USDT-SWAP
Variational Omni ZIL
Aster ZILUSDT
BloFin ZIL-USDT
Binance ZILUSDT
MEXC ZIL_USDT
Bitget ZILUSDT