Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG694.46+0.1006pay 0.1006% / 8h7h 45m$31.8M$104.5M100xLong Bybit
SHORT692.41−0.0471pay 0.0059% / 1h45m 24s$471K$784K20xShort 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 forecast
Funding+$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 · history
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

/8h

MU on 47 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size8.0 / 30.3 bp
    At $10k entering Kraken Futures costs 30.3 bp, fee and slippage, 3.8× Bybit’s.
  • Note: Margin at max leverage$100 + $500
    Bybit 100x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments 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 OI
    Kraken 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 Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding 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 ago

Cost to enter

taker + slippage from mid, one side
BUY · 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.

Alert

MU news

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