Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0265%/8h= +29.0% APRpaid last 24h +0.053%

Price spread now: Kraken Futures against Bybit+0.336%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.021%−$102 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.336% dearer against Bybit than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −1.021%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CHZUSDT	0.01599	0.0100	pay 0.0100% / 8h	4h 13m	$4.1M	$1.4M	75x
Short	Kraken Futures PF_CHZUSD	0.01604	0.0365	get 0.0046% / 1h	13m 16s	$72K	$67K	25x

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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.336%Rate

Funding earned: $55.62
Price spread: +0.336% → 0.000%: $33.6
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: $68.22
Costs to cover: 0.210%
Break-even: from the start

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	3.13 bp	29.8 bp −$30	132.8 bp −$1,328	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.

CHZ on 19 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
dYdX CHZ-USD	0.0000%	1h	0.01599	+0.013%	$3K	$652	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−1.563%	$1K	$7	5.5x	as long as short
GMX CHZ/USD [ETH-USDC]	L +0.0081% / S +0.0269%	1h	0.01602	+0.175%	$3K	—	50x	as long as short
BloFin CHZ-USDT	+0.0084%	8h	0.01601	+0.125%	$330K	$26K	75x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01601	+0.137%	$21K	$22K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01602	+0.188%	$6.9M	$12.7M	75x	as long as short
Bybit CHZUSDTlong	+0.0100%	8h	0.01599	long leg	$4.1M	$1.4M	75x
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01602	+0.188%	$1.6M	$3.2M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01600	+0.063%	$322K	$343K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01602	+0.188%	$4.2M	$950K	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CHZUSDTM	+0.0100%	8h	0.01600	+0.063%	$720K	$154K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01601	+0.125%	$3.8M	$795K	75x	as long as short
BingX CHZ-USDT	+0.0100%	8h	0.01600	+0.063%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01596	−0.174%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01599	0.000%	$45K	$672K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01602	+0.188%	$292	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01601	+0.125%	$53K	$82K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01602	+0.159%	$2K	$357K	10x	as long as short
Kraken Futures PF_CHZUSDshort	+0.0365%	1h	0.01604	+0.336%	$72K	$67K	25x