Funding you earn now, next payment 05:00 UTC−0.0556%/8h= −60.9% APRpaid last 24h −0.110%
Price spread now: Bybit against Kraken Futures−0.279%7-day average −0.198% · you buy dearer than you sell
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1791.790% of the position
Funding, last 7 days−0.454%−$45 on $10k
+Price spread, last 4 days (all we have)−0.181%−$18 · spread now −0.279%, 7d avg −0.198%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bybit is 0.081% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.198%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DYDXUSD | 0.1371 | 0.0656 | pay 0.0082% / 1h | 21m 18s | $311K | $350K | 20x |
| Short | Bybit DYDXUSDT | 0.1367 | 0.0100 | get 0.0100% / 8h | 3h 21m | $4.6M | $2.5M | 75x |
Kraken Futures PF_DYDXUSD
Bybit DYDXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Kraken Futures. 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
- −$116.84
- Price spread: −0.279% → −0.198%
- −$8.14
- Slippage, 4 orders
- −$157.97
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$303.95
- Costs to cover
- 1.790%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 31 min ago; Bybit: live order book, 1 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 Kraken Futures live order book, 31 min ago | 15.16 bp | 64.9 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.67 bp | 36.2 bp −$36 | 217.6 bp −$2,176 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin DYDX-USDT | +0.0090% | 8h | 0.1368 | −0.221% | $299K | $12K | 75x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1369 | −0.162% | $61K | $48K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1372 | +0.086% | $2.1M | $720K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1370 | −0.068% | $6K | $12K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1370 | −0.075% | $5.3M | $8.3M | 75x | as long as short |
| Bybit DYDXUSDTshort | +0.0100% | 8h | 0.1367 | −0.279% | $4.6M | $2.5M | 75x | |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1369 | −0.170% | $2.1M | $3.2M | 20x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1368 | −0.221% | $387K | $459K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1370 | −0.075% | $2.9M | $810K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1370 | −0.075% | $2.3M | $3.7M | 50x | as long as short |
BloFin DYDX-USDT
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 | 0.1370 | −0.075% | $1.4M | $1.0M | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1370 | −0.075% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1370 | −0.103% | $3K | $112K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1369 | −0.119% | $50K | — | 3x | as long as short |
| Injective DYDX/USDC PERP | +0.0178% | 1h | 0.1369 | −0.148% | $6K | $52K | 12x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1369 | −0.150% | $928 | — | 100x | as long as short |
| Arcus DYDX-USD | +0.0248% | 1h | 0.1372 | +0.071% | $53K | $20K | 5x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0480% | 1h | 0.1370 | −0.075% | — | — | 25x | as long as short |
| Kraken Futures PF_DYDXUSDlong | +0.0656% | 1h | 0.1371 | long leg | $311K | $350K | 20x | |
| Coinbase International DYDX-PERP-INTX | +0.0840% | 1h | 0.1371 | −0.002% | $17K | $37K | 50x | as long as short |
| dYdX DYDX-USD | +0.3000% | 1h | 0.1367 | −0.326% | $78K | $2K | 5x | as long as short |
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
Injective DYDX/USDC PERP
GMX DYDX/USD [WBTC.b-USDC]
Arcus DYDX-USD
Deribit DYDX_USDC-PERPETUAL
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD