Funding you earn now, next payment 03:00 UTC+0.1260%/8h= +138.0% APRpaid last 24h +0.304%
Price spread now: Bybit against Kraken Futures+0.072%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 +$38 a day on $10k at the current rate, and Bybit is 0.072% dearer against Kraken Futures than usual: you sell high and buy low: +$7 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 | Kraken Futures PF_GMTUSD | 0.008578 | −0.1560 | get 0.0195% / 1h | 4m 44s | $45K | $14K | 20x |
| Short | Bybit GMTUSDT | 0.008584 | −0.0300 | pay 0.0300% / 8h | 5h 04m | $1.1M | $2.0M | 50x |
Kraken Futures PF_GMTUSD
Bybit GMTUSDTFunding 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
- $264.62
- Price spread: +0.072% → 0.000%
- $7.24
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $250.86
- Costs to cover
- 0.210%
- Break-even
- 0.4 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 2 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 3.51 bp | 36.9 bp −$37 | 166.1 bp −$1,661 | doesn't fit | doesn't fit |
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.
GMT 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSDlong | −0.1560% | 1h | 0.008578 | long leg | $45K | $14K | 20x | |
| KuCoin GMTUSDTM | −0.0540% | 4h | 0.008570 | −0.091% | $280K | $191K | 50x | as long as short |
| Bybit GMTUSDTshort | −0.0300% | 8h | 0.008584 | +0.072% | $1.1M | $2.0M | 50x | |
| OKX GMT-USDT-SWAP | −0.0295% | 4h | 0.008574 | −0.044% | $395K | $1.2M | 20x | as long as short |
| Aster GMTUSDT | −0.0025% | 4h | 0.008580 | +0.026% | $7K | $22K | 10x | as long as short |
| Variational Omni GMT | +0.0016% | 8h | 0.008546 | −0.367% | $4K | $5K | — | as long as short |
| Bitget GMTUSDT | +0.0082% | 4h | 0.008578 | +0.002% | $677K | $640K | 50x | as long as short |
| Gate GMT_USDT | +0.0089% | 8h | 0.008580 | +0.026% | $147K | $180K | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008578 | +0.002% | $115K | $152K | 3x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008580 | +0.026% | $2.9M | $5.1M | 50x | as long as short |
KuCoin GMTUSDTM
OKX GMT-USDT-SWAP
Aster GMTUSDT
Variational Omni GMT
Bitget GMTUSDT
Gate GMT_USDT
Hyperliquid GMT
Binance GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC GMT_USDT | +0.0100% | 4h | 0.008578 | +0.002% | $446K | $215K | 20x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008581 | +0.037% | — | $1.3M | — | as long as short |
MEXC GMT_USDT
BingX GMT-USDT