Funding you earn now, next payment 04:00 UTC−0.0299%/8h= −32.7% APRpaid last 24h −0.227%
Price spread now: Bybit against Kraken Futures+0.138%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$323as in the Funding arb table
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$2502.496% of the position
Funding, last 7 days−0.731%−$73 on $10k
+Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.138%, 7d avg +0.039%
=The price spread pays, funding is against you. Bybit is 0.099% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.039%): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_KAITOUSD | 0.3505 | 0.0399 | pay 0.0050% / 1h | 12m 29s | $246K | $157K | 10x |
| Short | Bybit KAITOUSDT | 0.3510 | 0.0100 | get 0.0050% / 4h | 12m 29s | $4.3M | $7.7M | 75x |
Kraken Futures PF_KAITOUSD
Bybit KAITOUSDTFunding 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
- −$62.79
- Price spread: +0.138% → +0.039%
- $9.93
- Slippage, 4 orders
- −$228.6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$302.46
- Costs to cover
- 2.496%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 45 min ago; Bybit: live order book, 6 min ago.
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 live order book, 45 min ago | 21.62 bp | 105.6 bp −$106 | 12238.7 bp −$122.4K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 1.43 bp | 25.1 bp −$25 | 74.8 bp −$748 | doesn't fit | doesn't fit |
KAITO on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack KAITO_USDC_PERP | −0.0490% | 1h | 0.3504 | −0.021% | $19K | $176K | 10x | as long as short |
| Injective KAITO/USDC PERP | −0.0154% | 1h | 0.3501 | −0.118% | $7K | $52K | 12x | as long as short |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −3.845% | — | — | — | as long as short |
| BloFin KAITO-USDT | +0.0060% | 4h | 0.3507 | +0.053% | $555K | $67K | 75x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3503 | −0.063% | $118K | $51K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3505 | +0.007% | $18K | $14K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3506 | +0.036% | $10.7M | $16.9M | 75x | as long as short |
| Bybit KAITOUSDTshort | +0.0100% | 4h | 0.3510 | +0.138% | $4.3M | $7.7M | 75x | |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3505 | −0.004% | $4.3M | $10.8M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3504 | −0.033% | $666K | $1.7M | 75x | as long as short |
Backpack KAITO_USDC_PERP
Injective KAITO/USDC PERP
Reya KAITORUSDPERP
BloFin KAITO-USDT
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3505 | −0.004% | $3.4M | $1.1M | 50x | as long as short |
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3502 | −0.090% | $1.4M | $170K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3510 | +0.138% | $4.4M | $3.4M | 75x | as long as short |
| BingX KAITO-USDT | +0.0100% | 4h | 0.3505 | −0.004% | — | $6.7M | — | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3496 | −0.250% | $44K | $228K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3496 | −0.251% | $244K | $2.6M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3494 | −0.318% | $28K | $258K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3507 | +0.044% | $17K | $4.5M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3503 | −0.047% | $3K | $2K | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3508 | +0.082% | $78K | $62K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3505 | −0.004% | $243K | — | 3x | as long as short |
| edgeX KAITOUSDC | +0.0116% | 4h | 0.3495 | −0.298% | $17K | $326K | 5x | as long as short |
| Paradex KAITO-USD-PERP | +0.0116% | 8h | 0.3508 | +0.088% | $4K | $604 | 10x | as long as short |
| Kraken Futures PF_KAITOUSDlong | +0.0399% | 1h | 0.3505 | long leg | $246K | $157K | 10x | |
| 01 Exchange KAITOUSD | +0.0544% | 1h | 0.3555 | +1.411% | $6K | $2K | 3x | as long as short |
| Hyperliquid KAITO | +0.0768% | 1h | 0.3508 | +0.090% | $2.1M | $820K | 5x | as long as short |
| Lighter KAITO | +0.0936% | 1h | 0.3514 | +0.250% | $87K | $92K | 5x | as long as short |
MEXC KAITO_USDT
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDT
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Extended KAITO-USD
Aevo KAITO-PERP
edgeX KAITOUSDC
Paradex KAITO-USD-PERP
01 Exchange KAITOUSD
Hyperliquid KAITO
Lighter KAITO