Funding you earn now, next payment 01:00 UTC+0.0628%/8h= +68.8% APRpaid last 24h +0.200%
Price spread now: Kraken Futures against Bybit−0.426%7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. Kraken Futures is 0.426% cheaper against Bybit than usual: you would sell low and buy high (spread −0.426% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$43 on $10k: about 2.3 days of funding at the current rate (+$19 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IDUSDT | 0.03791 | 0.0100 | pay 0.0100% / 8h | 7h 51m | $1.4M | $1.1M | 25x |
| Short | Kraken Futures PF_IDUSD | 0.03775 | 0.0728 | get 0.0091% / 1h | 51m 47s | $4K | $2K | 10x |
Bybit IDUSDT
Kraken Futures PF_IDUSDFunding 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
- $131.97
- Price spread: −0.426% → 0.000%
- −$42.58
- 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
- $68.39
- Costs to cover
- 0.210%
- Break-even
- 3.4 days
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 | 5.30 bp | 35.3 bp −$35 | 668.8 bp −$6,688 | 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.
ID on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ID_USDT | −0.0804% | 4h | 0.03773 | −0.475% | $251K | $233K | 25x | as long as short |
| BloFin ID-USDT | +0.0094% | 4h | 0.03772 | −0.501% | $161K | $12K | 50x | as long as short |
| Aster IDUSDT | +0.0100% | 4h | 0.03779 | −0.319% | $9K | $147 | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03789 | −0.060% | $2.5M | $3.5M | 50x | as long as short |
| Bybit IDUSDTlong | +0.0100% | 8h | 0.03791 | long leg | $1.4M | $1.1M | 25x | |
| MEXC ID_USDT | +0.0100% | 4h | 0.03797 | +0.158% | $425K | $158K | 20x | as long as short |
| KuCoin IDUSDTM | +0.0100% | 4h | 0.03781 | −0.264% | $1.1M | $65K | 30x | as long as short |
| Bitget IDUSDT | +0.0100% | 4h | 0.03782 | −0.237% | $797K | $601K | 50x | as long as short |
| BingX ID-USDT | +0.0100% | 4h | 0.03773 | −0.475% | — | $2.3M | — | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03789 | −0.040% | $12K | $20K | — | as long as short |
Gate ID_USDT
BloFin ID-USDT
Aster IDUSDT
Binance IDUSDT
MEXC ID_USDT
KuCoin IDUSDTM
Bitget IDUSDT
BingX ID-USDT
Variational Omni IDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSDshort | +0.0728% | 1h | 0.03775 | −0.426% | $4K | $2K | 10x |