Funding you earn now, next payment 22:00 UTC−0.0319%/8h= −34.9% APRpaid last 24h +0.071%
Price spread now: Kraken Futures against Bybit−0.006%7-day average +0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1091.092% of the position
Funding, last 7 days+0.510%+$51 on $10k
+Price spread, last 3 days (all we have)−0.063%−$6 · spread now −0.006%, 7d avg +0.134%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Kraken Futures is 0.139% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.134%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.510%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYTHUSDT | 0.06261 | 0.0100 | pay 0.0050% / 4h | 2h 04m | $7.4M | $5.1M | 50x |
| Short | Kraken Futures PF_PYTHUSD | 0.06261 | −0.0219 | pay 0.0027% / 1h | 4m 06s | $380K | $253K | 25x |
Bybit PYTHUSDT
Kraken Futures PF_PYTHUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$66.92
- Price spread: −0.006% → +0.134%
- −$13.93
- Slippage, 4 orders
- −$88.25
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$190.1
- Costs to cover
- 1.092%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Kraken Futures: live order book, 19 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, 4 min ago | 1.59 bp | 19.7 bp −$20 | 157.0 bp −$1,570 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 19 min ago | 22.07 bp | 29.5 bp −$29 | 161.5 bp −$1,615 | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0586% | 1h | 0.06350 | +1.421% | $561 | $180K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSDshort | −0.0219% | 1h | 0.06261 | −0.006% | $380K | $253K | 25x | |
| Gate PYTH_USDT | −0.0046% | 4h | 0.06250 | −0.176% | $1.1M | $480K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06261 | −0.007% | $186K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06261 | 0.000% | $10K | $10K | 10x | as long as short |
| MEXC PYTH_USDT | +0.0016% | 4h | 0.06253 | −0.128% | $9.1M | $2.4M | 125x | as long as short |
| BloFin PYTH-USDT | +0.0017% | 4h | 0.06265 | +0.064% | $422K | $115K | 75x | as long as short |
| Binance PYTHUSDT | +0.0022% | 4h | 0.06252 | −0.144% | $9.0M | $16.7M | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +2.715% | $40K | $6K | 25x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06260 | −0.016% | $22K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDT
BloFin PYTH-USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTX
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06263 | +0.032% | $194K | $207K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06260 | −0.019% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06259 | −0.024% | $1.6M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06259 | −0.028% | $19K | $30K | 10x | as long as short |
| Bybit PYTHUSDTlong | +0.0100% | 4h | 0.06261 | long leg | $7.4M | $5.1M | 50x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06259 | −0.032% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06261 | 0.000% | $1.5M | $312K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06259 | −0.032% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06256 | −0.080% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06261 | 0.000% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06260 | −0.012% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06255 | −0.096% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06253 | −0.124% | — | — | 20x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP