Funding you earn now, next payment 08:00 UTC−0.1922%/8h= −210.5% APRpaid last 24h −0.236%
Price spread now: Bybit against Kraken Futures−0.422%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
Both sides work against this trade now: funding costs −$58 a day on $10k at the current rate, and Bybit is 0.422% cheaper against Kraken Futures than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_KAIAUSD | 0.03202 | 0.2022 | pay 0.0253% / 1h | 4m 44s | $45K | $40K | 10x |
| Short | Bybit KAIAUSDT | 0.03188 | 0.0100 | get 0.0050% / 4h | 4m 44s | $2.0M | $1.3M | 50x |
Kraken Futures PF_KAIAUSD
Bybit KAIAUSDTFunding 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
- −$403.65
- Price spread: −0.422% → 0.000%
- −$42.2
- 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
- −$466.85
- Costs to cover
- 0.210%
- Break-even
- never at this rate
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 | 4.71 bp | 31.5 bp −$31 | 104.7 bp −$1,047 | 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.
KAIA 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KAIAUSDT | +0.0100% | 4h | 0.03192 | −0.294% | $2.4M | $4.1M | 75x | as long as short |
| Bybit KAIAUSDTshort | +0.0100% | 4h | 0.03188 | −0.422% | $2.0M | $1.3M | 50x | |
| Gate KAIA_USDT | +0.0100% | 4h | 0.03192 | −0.297% | $78K | $72K | 50x | as long as short |
| MEXC KAIA_USDT | +0.0100% | 4h | 0.03192 | −0.297% | $540K | $151K | 100x | as long as short |
| KuCoin KAIAUSDTM | +0.0100% | 4h | 0.03191 | −0.328% | $310K | $67K | 30x | as long as short |
| Bitget KAIAUSDT | +0.0100% | 4h | 0.03194 | −0.235% | $433K | $383K | 75x | as long as short |
| BingX KAIA-USDT | +0.0100% | 4h | 0.03194 | −0.235% | — | $6.5M | — | as long as short |
| Variational Omni KAIA | +0.0100% | 4h | 0.03187 | −0.451% | $3K | $202 | — | as long as short |
| GRVT KAIA_USDT_Perp | +0.0100% | 4h | 0.03193 | −0.281% | $388K | $482K | 10x | as long as short |
| Extended KAIA-USD | +0.0104% | 1h | 0.03193 | −0.261% | $3K | $102K | 5x | as long as short |
Binance KAIAUSDT
Gate KAIA_USDT
MEXC KAIA_USDT
KuCoin KAIAUSDTM
Bitget KAIAUSDT
BingX KAIA-USDT
Variational Omni KAIA
GRVT KAIA_USDT_Perp
Extended KAIA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin KAIA-USDT | +0.0146% | 4h | 0.03193 | −0.266% | $155K | $20K | 75x | as long as short |
| Kraken Futures PF_KAIAUSDlong | +0.2022% | 1h | 0.03202 | long leg | $45K | $40K | 10x |
BloFin KAIA-USDT