NOT

Alert

Funding spread now, next payment 18:00 UTC+0.6648%/8h

paid, last 24h+0.215%paid, last 4 days+0.042%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.042% in total (about 4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOTUSDT	0.0005005	0.0100	pay 0.0050% / 4h	2h 54m	$2.1M	$1.1M	25x
Short	Kraken Futures PF_NOTUSD	0.0005049	0.6748	get 0.0843% / 1h	54m 35s	$49K	$8K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Kraken FuturesbpOrdersRate

Funding earned: $1,396.04
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: $1,375.04
Break-even: 0.1 days

Slippage unknown: Bybit: live order book, 4 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.879%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 4 min ago	2.99 bp	40.4 bp −$40	180.5 bp −$1,805	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.

NOT on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni NOT	−0.0101%	4h	$61K	$48K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	$1K	$21K	5.5x	as long as short
BloFin NOT-USDT	+0.0052%	4h	$114K	$19K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	$370K	$68K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	$14K	$23K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	$2.0M	$3.4M	50x	as long as short
Bybit NOTUSDTlong	+0.0100%	4h	$2.1M	$1.1M	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	$595K	$694K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	$141K	$93K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	$1.4M	$454K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	$486K	$145K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	$643K	$456K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	—	$7.6M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	$4K	$2K	5x	as long as short
Kraken Futures PF_NOTUSDshort	+0.6748%	1h	$49K	$8K	10x