Funding you earn now, next payment 05:00 UTC+0.2125%/8h= +232.7% APRpaid last 24h +4.402%
Price spread now: Kraken Futures against Bybit+0.564%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$64 a day on $10k at the current rate, and Kraken Futures is 0.564% dearer against Bybit than usual: you sell high and buy low: +$56 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DEEPUSDT | 0.01956 | 0.0100 | pay 0.0100% / 8h | 3h 23m | $4.2M | $2.8M | 50x |
| Short | Kraken Futures PF_DEEPUSD | 0.01967 | 0.2225 | get 0.0278% / 1h | 23m 39s | $7K | $9K | 10x |
Bybit DEEPUSDT
Kraken Futures PF_DEEPUSDFunding 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
- $446.21
- Price spread: +0.564% → 0.000%
- $56.38
- 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
- $481.59
- 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 | 5.11 bp | 37.8 bp −$38 | 334.3 bp −$3,343 | 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.
DEEP on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin DEEP-PERP | −0.7160% | 1h | 0.01954 | −0.102% | $80K | $11K | 20x | as long as short |
| BloFin DEEP-USDT | +0.0099% | 8h | 0.01957 | +0.051% | $136K | $32K | 50x | as long as short |
| Binance DEEPUSDT | +0.0100% | 4h | 0.01964 | +0.409% | $2.1M | $6.1M | 50x | as long as short |
| Bybit DEEPUSDTlong | +0.0100% | 8h | 0.01956 | long leg | $4.2M | $2.8M | 50x | |
| Gate DEEP_USDT | +0.0100% | 4h | 0.01961 | +0.256% | $303K | $88K | 50x | as long as short |
| MEXC DEEP_USDT | +0.0100% | 4h | 0.01964 | +0.409% | $1.1M | $467K | 100x | as long as short |
| KuCoin DEEPUSDTM | +0.0100% | 4h | 0.01966 | +0.511% | $1.8M | $93K | 20x | as long as short |
| Bitget DEEPUSDT | +0.0100% | 4h | 0.01964 | +0.409% | $816K | $575K | 50x | as long as short |
| BingX DEEP-USDT | +0.0100% | 4h | 0.01963 | +0.358% | — | $6.6M | — | as long as short |
| Variational Omni DEEP | +0.0100% | 8h | 0.01958 | +0.084% | $13K | $9K | — | as long as short |
Bluefin DEEP-PERP
BloFin DEEP-USDT
Binance DEEPUSDT
Gate DEEP_USDT
MEXC DEEP_USDT
KuCoin DEEPUSDTM
Bitget DEEPUSDT
BingX DEEP-USDT
Variational Omni DEEPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended DEEP-USD | +0.0104% | 1h | 0.01963 | +0.380% | $4K | $199K | 5x | as long as short |
| Kraken Futures PF_DEEPUSDshort | +0.2225% | 1h | 0.01967 | +0.564% | $7K | $9K | 10x |
Extended DEEP-USD