NOT

Alert

Funding spread now, next payment 18:00 UTC−0.6635%/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	Kraken Futures PF_NOTUSD	0.0005059	0.6735	pay 0.0842% / 1h	59m 02s	$49K	$8K	10x
Short	Bybit NOTUSDT	0.0005011	0.0100	get 0.0050% / 4h	2h 59m	$2.1M	$1.1M	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BybitbpOrdersRate

Funding earned: −$1,393.38
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: −$1,414.38
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.939%
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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	2.99 bp	39.9 bp −$40	195.8 bp −$1,958	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.

NOT on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni NOT	−0.0074%	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	+0.0042%	4h	$115K	$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	$3.5M	50x	as long as short
Bybit NOTUSDTshort	+0.0100%	4h	$2.1M	$1.1M	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	$595K	$704K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	$141K	$92K	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	$158K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	$643K	$471K	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_NOTUSDlong	+0.6735%	1h	$49K	$8K	10x