Funding you earn now, next payment 03:00 UTC−0.0528%/8h= −57.8% APRpaid last 24h −0.186%
Price spread now: Bybit against Kraken Futures+0.082%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
The price spread pays, funding is against you. Bybit is 0.082% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_IDUSD | 0.03779 | 0.0628 | pay 0.0078% / 1h | 53m 31s | $4K | $2K | 10x |
| Short | Bybit IDUSDT | 0.03782 | 0.0100 | get 0.0100% / 8h | 5h 53m | $1.4M | $1.1M | 25x |
Kraken Futures PF_IDUSD
Bybit IDUSDTFunding 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
- −$110.86
- Price spread: +0.082% → 0.000%
- $8.23
- 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
- −$123.63
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 3 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, 3 min ago | 3.96 bp | 25.8 bp −$26 | 523.9 bp −$5,239 | 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.
ID on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IDUSDT | +0.0100% | 4h | 0.03786 | +0.198% | $9K | $147 | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03778 | −0.024% | $2.4M | $3.7M | 50x | as long as short |
| Bybit IDUSDTshort | +0.0100% | 8h | 0.03782 | +0.082% | $1.4M | $1.1M | 25x | |
| Gate ID_USDT | +0.0100% | 4h | 0.03780 | +0.029% | $250K | $241K | 25x | as long as short |
| MEXC ID_USDT | +0.0100% | 4h | 0.03778 | −0.024% | $411K | $186K | 20x | as long as short |
| KuCoin IDUSDTM | +0.0100% | 4h | 0.03782 | +0.082% | $1.1M | $64K | 30x | as long as short |
| Bitget IDUSDT | +0.0100% | 4h | 0.03784 | +0.135% | $804K | $633K | 50x | as long as short |
| BingX ID-USDT | +0.0100% | 4h | 0.03778 | −0.024% | — | $2.3M | — | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03796 | +0.463% | $12K | $20K | — | as long as short |
| Kraken Futures PF_IDUSDlong | +0.0628% | 1h | 0.03779 | long leg | $4K | $2K | 10x |
Aster IDUSDT
Binance IDUSDT
Gate ID_USDT
MEXC ID_USDT
KuCoin IDUSDTM
Bitget IDUSDT
BingX ID-USDT
Variational Omni ID