Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 694.46 | +0.1006 | pay 0.1006% / 8h | 7h 45m | $31.8M | $104.5M | 100x | Long Bybit | |
| SHORT | 692.41 | −0.0471 | pay 0.0059% / 1h | 45m 24s | $471K | $784K | 20x | Short Kraken Futures |
Price gap−0.295%
Funding gap−0.1477% /8h
Both sides work against this direction now: funding costs $44 a day on $10k and the gap is 0.126% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$24−0.1477% /8h now · paid +0.236% over the last 7D
Price−$13spread −0.295% now, avg −0.169% → −0.126% if it goes back
Costs−$790.785% of $10k · taker + slippage, in and out
Result−$68−0.68%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.236% in total, about +0.0112%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.295%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMU on 47 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size8.0 / 30.3 bpAt $10k entering Kraken Futures costs 30.3 bp, fee and slippage, 3.8× Bybit’s.
- Note: Margin at max leverage$100 + $500Bybit 100x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$44.32Long Bybit: 3 payments, −$30.19; short Kraken Futures: 24 payments, −$14.12.
- Watch: Gap narrower than usual−0.295% vs −0.169%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$471K vs $31.8M OIKraken Futures sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · Kraken Futures YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0112%/8h × 21 periods+$23.58
Price spread−0.295% → −0.169% (7d avg)−$12.60
Slippage, 4 orderslive order books−$57.53
Fee Bybit bp × 2 orders−$11.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k−$67.55
Costs to cover0.785%Break-even27.1 days
Slippage: Bybit: live order book, 1 min ago; Kraken Futures: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit0.808.0 bp−$814.1 bp−$14137.9 bp−$3,792doesn’t fit
SELL · SHORTKraken Futures22.9730.3 bp−$3069.3 bp−$693doesn’t fitdoesn’t fit
Closing costs about the same again.
MU news
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| 11-02 12:48 | Bulk | Listing | new market MU-USD ($MU) seen by our collector |
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