Funding you earn now, next payment 07:00 UTC+0.0928%/8h= +101.6% APRpaid last 24h +0.131%
Price spread now: Kraken Futures against Bybit+0.016%7-day average +0.193% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$220as in the Price arb table
costs, in and out, $10k−$2022.019% of the position
Funding, last 7 days+0.482%+$48 on $10k
+Price spread, last 4 days (all we have)+0.317%+$32 · spread now +0.016%, 7d avg +0.193%
=Funding pays, the price is against you. Kraken Futures is 0.177% cheaper against Bybit than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.193%). If the spread goes back, that is −$18 on $10k: about 15 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.482% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.482% in total (about 25.1% 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 DYDXUSDT | 0.1359 | 0.0100 | pay 0.0100% / 8h | 1h 24m | $4.7M | $2.5M | 75x |
| Short | Kraken Futures PF_DYDXUSD | 0.1359 | 0.1028 | get 0.0128% / 1h | 24m 55s | $309K | $344K | 20x |
Bybit DYDXUSDT
Kraken Futures PF_DYDXUSDFunding 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
- $194.86
- Price spread: +0.016% → +0.193%
- −$17.69
- Slippage, 4 orders
- −$180.92
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$24.75
- Costs to cover
- 2.019%
- Break-even
- 7.9 days
Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 18 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, 3 min ago | 4.44 bp | 40.3 bp −$40 | 218.9 bp −$2,189 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 18 min ago | 12.21 bp | 45.6 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
DYDX on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DYDX/USDC PERP | −0.0045% | 1h | 0.1362 | +0.206% | $6K | $48K | 12x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1359 | +0.015% | $60K | $48K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1360 | +0.074% | $2.0M | $728K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1360 | +0.039% | $6K | $12K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1359 | −0.025% | $5.3M | $8.2M | 75x | as long as short |
| Bybit DYDXUSDTlong | +0.0100% | 8h | 0.1359 | long leg | $4.7M | $2.5M | 75x | |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1359 | −0.015% | $2.1M | $3.1M | 20x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1358 | −0.088% | $380K | $435K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1357 | −0.162% | $2.9M | $790K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1359 | −0.015% | $2.3M | $3.6M | 50x | as long as short |
Injective DYDX/USDC PERP
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
OKX DYDX-USDT-SWAP
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1359 | −0.015% | $1.4M | $965K | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1359 | −0.015% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1359 | −0.038% | $1K | $122K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1359 | +0.004% | $49K | — | 3x | as long as short |
| BloFin DYDX-USDT | +0.0116% | 8h | 0.1357 | −0.162% | $292K | $17K | 75x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1353 | −0.422% | $918 | — | 100x | as long as short |
| Arcus DYDX-USD | +0.0239% | 1h | 0.1361 | +0.132% | $53K | $20K | 5x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0486% | 1h | 0.1359 | −0.015% | — | — | 25x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0992% | 1h | 0.1361 | +0.132% | $17K | $29K | 50x | as long as short |
| Kraken Futures PF_DYDXUSDshort | +0.1028% | 1h | 0.1359 | +0.016% | $309K | $344K | 20x | |
| dYdX DYDX-USD | +0.5645% | 1h | 0.1356 | −0.223% | $77K | $2K | 5x | as long as short |
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
BloFin DYDX-USDT
GMX DYDX/USD [WBTC.b-USDC]
Arcus DYDX-USD
Deribit DYDX_USDC-PERPETUAL
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD