Funding you earn now, next payment 06:00 UTC−0.0489%/8h= −53.5% APRpaid last 24h −0.231%
Price spread now: Kraken Futures against Bybit−0.178%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
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Kraken Futures is 0.178% cheaper against Bybit than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BBUSDT | 0.008951 | 0.0100 | pay 0.0050% / 4h | 2h 27m | $677K | $817K | 25x |
| Short | Kraken Futures PF_BBUSD | 0.008935 | −0.0389 | pay 0.0049% / 1h | 27m 02s | $21K | $3K | 10x |
Bybit BBUSDT
Kraken Futures PF_BBUSDFunding 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
- −$102.67
- Price spread: −0.178% → 0.000%
- −$17.8
- 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
- −$141.47
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 18 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, 18 min ago | 9.35 bp | 103.0 bp −$103 | 633.4 bp −$6,334 | 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.
BB on 9 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_BBUSDshort | −0.0389% | 1h | 0.008935 | −0.178% | $21K | $3K | 10x | |
| Aster BBUSDT | +0.0100% | 4h | 0.008950 | −0.007% | $13K | $13K | 5x | as long as short |
| Binance BBUSDT | +0.0100% | 4h | 0.008943 | −0.089% | $3.2M | $7.0M | 50x | as long as short |
| Bybit BBUSDTlong | +0.0100% | 4h | 0.008951 | long leg | $677K | $817K | 25x | |
| Gate BB_USDT | +0.0100% | 4h | 0.008990 | +0.436% | $134K | $231K | 50x | as long as short |
| MEXC BB_USDT | +0.0100% | 4h | 0.008946 | −0.056% | $1.4M | $580K | 100x | as long as short |
| KuCoin BBUSDTM | +0.0100% | 4h | 0.008970 | +0.212% | $443K | $98K | 50x | as long as short |
| Bitget BBUSDT | +0.0100% | 4h | 0.008950 | −0.011% | $329K | $509K | 50x | as long as short |
| BingX BB-USDT | +0.0292% | 4h | 0.008960 | +0.101% | — | $1.3M | — | as long as short |
Aster BBUSDT
Binance BBUSDT
Gate BB_USDT
MEXC BB_USDT
KuCoin BBUSDTM
Bitget BBUSDT
BingX BB-USDT