Funding you earn now, next payment 08:00 UTC+0.2855%/8h= +312.6% APRnext payment +$3.57 per $10,000 · paid last 24h −0.056%
Price spread now: Bybit against Kraken Futures+0.168%7-day average +0.631% · you sell dearer than you buy
Net, funding: paid 7d − costs−$967as in the Funding arb table
Net, price: spread back to 7d avg − costs−$429as in the Price arb table
costs, in and out, $10k−$3833.826% of the position
Funding, last 7 days−5.843%−$584 on $10k
+Price spread, last 4 days (all we have)+1.651%+$165 · spread now +0.168%, 7d avg +0.631%
=Funding pays, the price is against you. Bybit is 0.463% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.168% now, against its 7-day average of +0.631%). If the spread goes back, that is −$46 on $10k: about 13 hours of funding at the current rate (+$86 a day). Mind the row above: over the last 7 days funding on this pair cost −5.843%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LSKUSD | 0.3454 | −0.4737 | get 0.0592% / 1h | 8m 13s | $105K | $357K | 10x |
| Short | Bybit LSKUSDT | 0.3460 | −0.1882 | pay 0.0235% / 1h | 8m 13s | $9.0M | $21.4M | 25x |
Kraken Futures PF_LSKUSD
Bybit LSKUSDTFunding 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
- $599.54
- Price spread: +0.168% → +0.631%
- −$46.3
- Slippage, 4 orders
- −$361.61
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $170.64
- Costs to cover
- 3.826%
- Break-even
- 5.0 days
Slippage from Kraken Futures: live order book, 30 min ago; Bybit: live order book, just now.
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, 30 min ago | 31.50 bp | 43.0 bp −$43 | 292.5 bp −$2,925 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 0.87 bp | 26.3 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
LSK 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC LSK_USDT | −0.5760% | 1h | 0.3451 | −0.104% | $8.8M | $2.4M | 20x | as long as short |
| Binance LSKUSDT | −0.5758% | 1h | 0.3451 | −0.102% | $15.3M | $100.6M | 50x | as long as short |
| BingX LSK-USDT | −0.5512% | 1h | 0.3435 | −0.553% | — | $3.0M | — | as long as short |
| Gate LSK_USDT | −0.5160% | 1h | 0.3456 | +0.055% | $1.4M | $2.7M | 20x | as long as short |
| Aster LSKUSDT | −0.4890% | 1h | 0.3451 | −0.097% | $50K | $183K | 5x | as long as short |
| Kraken Futures PF_LSKUSDlong | −0.4737% | 1h | 0.3454 | long leg | $105K | $357K | 10x | |
| HTX LSK-USDT | −0.3391% | 1h | 0.3451 | −0.098% | $39K | $322K | 20x | as long as short |
| Bybit LSKUSDTshort | −0.1882% | 1h | 0.3460 | +0.168% | $9.0M | $21.4M | 25x | |
| Bitget LSKUSDT | −0.0832% | 1h | 0.3448 | −0.177% | $2.7M | $9.9M | 50x | as long as short |
| Variational Omni LSK | +0.0100% | 1h | 0.3452 | −0.075% | $31K | $192K | — | as long as short |
MEXC LSK_USDT
Binance LSKUSDT
BingX LSK-USDT
Gate LSK_USDT
Aster LSKUSDT
HTX LSK-USDT
Bitget LSKUSDT
Variational Omni LSK