Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 671.29 | −0.0486 | get 0.0061% / 1h | 51m 04s | $454K | $771K | 20x | Long Kraken Futures | |
| SHORT | 675.39 | +0.1268 | get 0.1268% / 8h | 7h 51m | $30.2M | $101.1M | 100x | Short Bybit |
Price gap+0.611%
Funding gap+0.1753% /8h
Both sides work: funding pays +$53 a day on $10k, and the gap is 0.442% above its 7d average: +$44 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$24+0.1753% /8h now · paid −0.236% over the last 7D
Price+$44spread +0.611% now, avg +0.169% → +0.442% if it goes back
Costs−$840.837% of $10k · taker + slippage, in and out
Result−$63−0.63%no points
The current funding rate is far above 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+0.611%
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
1 ok · 4 to watch- Watch: Thin at this size30.1 / 11.6 bpAt $10k entering Kraken Futures costs 30.1 bp, fee and slippage, 2.6× Bybit’s.
- Note: Margin at max leverage$500 + $100Kraken Futures 20x, Bybit 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$52.60Long Kraken Futures: 24 payments, +$14.57; short Bybit: 3 payments, +$38.03.
- OK: Entry gap works for you+0.611% vs +0.169%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$454K vs $30.2M OIKraken Futures sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKraken Futures Yes · Bybit YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0112%/8h × 21 periods−$23.58
Price spread+0.611% → +0.169% (7d avg)+$44.23
Slippage, 4 orderslive order books−$62.68
Fee Kraken Futures bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$63.03
Costs to cover0.837%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 30 min ago; Bybit: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures22.9730.1 bp−$3063.6 bp−$636doesn’t fitdoesn’t fit
SELL · SHORTBybit0.8211.6 bp−$1219.6 bp−$19644.7 bp−$4,469doesn’t fit
Closing costs about the same again.
MU news
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