LSK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−1.0975%/8h= −1201.8% APRnext payment −$13.72 per $10,000 · paid last 24h +0.223%

Price spread now: Kraken Futures against Bybit−0.194%7-day average −0.628% · you buy dearer than you sell

Net, funding: paid 7d − costs+$366as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1871.874% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+5.529%+$553 on $10k

Price spread, last 4 days (all we have)−1.866%−$187 · spread now −0.194%, 7d avg −0.628%

Together, before fees+3.664%+$366 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.435% dearer against Bybit than usual: you sell high and buy low (spread −0.194% now, against its 7-day average of −0.628%): +$43 on $10k if it goes back. Holding the pair costs −$329 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +5.529%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 5.529% in total (about 288.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.72 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LSKUSDT	0.3405	0.0100	pay 0.0013% / 1h	48m 15s	$8.9M	$21.0M	25x
Short	Kraken Futures PF_LSKUSD	0.3398	−1.0875	pay 0.1359% / 1h	48m 15s	$110K	$381K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Kraken FuturesbpOrdersPrice spread, now −0.194%Rate

Funding earned: −$2,304.75
Price spread: −0.194% → −0.628%: $43.47
Slippage, 4 orders: −$166.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$2,448.68
Costs to cover: 1.874%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 62 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 Bybit live order book, 3 min ago	0.15 bp	33.6 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 62 min ago	16.72 bp	59.5 bp −$60	doesn't fit	doesn't fit	doesn't fit

LSK on 10 exchanges

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
Kraken Futures PF_LSKUSDshort	−1.0875%	1h	0.3398	−0.194%	$110K	$381K	10x
MEXC LSK_USDT	−1.0088%	1h	0.3387	−0.526%	$9.2M	$2.2M	20x	as long as short
Binance LSKUSDT	−0.9989%	1h	0.3386	−0.549%	$15.2M	$96.7M	50x	as long as short
BingX LSK-USDT	−0.9960%	1h	0.3375	−0.861%	—	$2.8M	—	as long as short
Aster LSKUSDT	−0.9093%	1h	0.3391	−0.411%	$55K	$156K	5x	as long as short
Gate LSK_USDT	−0.8080%	1h	0.3386	−0.546%	$1.3M	$2.6M	20x	as long as short
Bitget LSKUSDT	−0.5144%	1h	0.3384	−0.605%	$2.7M	$9.6M	50x	as long as short
HTX LSK-USDT	−0.4249%	1h	0.3390	−0.438%	$38K	$305K	20x	as long as short
Variational Omni LSK	−0.0756%	1h	0.3425	+0.594%	$33K	$171K	—	as long as short
Bybit LSKUSDTlong	+0.0100%	1h	0.3405	long leg	$8.9M	$21.0M	25x