Funding you earn now, next payment 05:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.162%
Price spread now: Kraken Futures against Bybit+0.052%55s7-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 +$2 a day on $10k at the current rate, and Kraken Futures is 0.052% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IOTAUSDT | 0.04795 | 0.0100 | pay 0.0100% / 8h | 3h 44m | $2.2M | $1.5M | 75x |
| Short | Kraken Futures PF_IOTAUSD | 0.04797 | 0.0172 | get 0.0022% / 1h | 44m 21s | $19K | $13K | 10x |
Bybit IOTAUSDT
Kraken Futures PF_IOTAUSDFunding 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
- $15.17
- Price spread: +0.052% → 0.000%
- $5.21
- 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
- −$0.61
- Costs to cover
- 0.210%
- Break-even
- 7.3 days
Slippage unknown: Bybit: live order book, 3 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, 3 min ago | 5.21 bp | 36.7 bp −$37 | 700.6 bp −$7,006 | 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.
IOTA 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDT | +0.0086% | 8h | 0.04795 | 0.000% | $168K | $43K | 75x | as long as short |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04797 | +0.052% | $900K | $339K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04791 | −0.077% | $3.5M | $5.9M | 75x | as long as short |
| Bybit IOTAUSDTlong | +0.0100% | 8h | 0.04795 | long leg | $2.2M | $1.5M | 75x | |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04795 | 0.000% | $558K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04797 | +0.042% | $835K | $246K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04791 | −0.083% | $590K | $168K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04802 | +0.146% | $1.8M | $713K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04795 | 0.000% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04794 | −0.028% | $38K | $20K | — | as long as short |
BloFin IOTA-USDT
Hyperliquid IOTA
Binance IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTAUSDshort | +0.0172% | 1h | 0.04797 | +0.052% | $19K | $13K | 10x | |
| KuCoin IOTAUSDTM | +0.0989% | 8h | 0.04807 | +0.250% | $2.8M | $237K | 30x | as long as short |
KuCoin IOTAUSDTM