Funding you earn now, next payment 03:00 UTC+0.0312%/8h= +34.2% APRpaid last 24h −0.025%
Price spread now: Kraken Futures against Bybit+0.027%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$550.554% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.027%, 7d avg +0.092%
=Funding pays, the price is against you. Kraken Futures is 0.065% cheaper against Bybit than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.092%). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$9 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DOTUSDT | 1.1893 | 0.0100 | pay 0.0100% / 8h | 5h 07m | $24.5M | $19.0M | 75x |
| Short | Kraken Futures PF_DOTUSD | 1.1896 | 0.0412 | get 0.0051% / 1h | 7m 20s | $4.4M | $1.5M | 50x |
Bybit DOTUSDT
Kraken Futures PF_DOTUSDFunding 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
- $65.5
- Price spread: +0.027% → +0.092%
- −$6.48
- Slippage, 4 orders
- −$34.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $3.65
- Costs to cover
- 0.554%
- Break-even
- 6.6 days
Slippage from Bybit: live order book, 1 min ago; Kraken Futures: live order book, 2 min ago.
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, 1 min ago | 0.42 bp | 10.2 bp −$10 | 22.2 bp −$222 | 75.6 bp −$7,561 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 2.94 bp | 17.4 bp −$17 | 27.8 bp −$278 | 118.9 bp −$11.9K | doesn't fit |
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUAL | −0.2265% | 1h | 1.1900 | +0.059% | $227K | $115K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1890 | −0.025% | $196K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1883 | −0.081% | $257 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1907 | +0.116% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1897 | +0.034% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.068% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1907 | +0.122% | $270K | $632K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1892 | −0.008% | $5.3M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1917 | +0.200% | $860K | $709K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1897 | +0.034% | $43.7M | $85.3M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDTlong | +0.0100% | 8h | 1.1893 | long leg | $24.5M | $19.0M | 75x | |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1890 | −0.025% | $9.3M | $24.0M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1900 | +0.059% | $6.7M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1890 | −0.025% | $33.9M | $50.3M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1900 | +0.059% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1890 | −0.025% | $22.7M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1894 | +0.008% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1905 | +0.101% | $93K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1929 | +0.304% | $542K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1915 | +0.181% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1913 | +0.172% | $227K | $416K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1890 | −0.025% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1914 | +0.177% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1921 | +0.235% | $259K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1886 | −0.056% | $14K | $305K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1917 | +0.202% | $2.2M | $870K | 75x | as long as short |
| Phemex DOTUSDT | +0.0261% | 8h | 1.1920 | +0.227% | $2.3M | $2.2M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1897 | +0.036% | $22K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSDshort | +0.0412% | 1h | 1.1896 | +0.027% | $4.4M | $1.5M | 50x |
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDT
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]