Funding you earn now, next payment 23:00 UTC+0.2985%/8h= +326.9% APRpaid last 24h +0.899%
Price spread now: Bybit against Kraken Futures−0.322%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.322% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.322% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 9 hours of funding at the current rate (+$90 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SOONUSD | 0.1937 | 0.0338 | pay 0.0042% / 1h | 5m 32s | $11K | $1K | 10x |
| Short | Bybit SOONUSDT | 0.1931 | 0.3323 | get 0.1662% / 4h | 1h 05m | $2.5M | $1.1M | 25x |
Kraken Futures PF_SOONUSD
Bybit SOONUSDTFunding 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
- $626.86
- Price spread: −0.322% → 0.000%
- −$32.18
- 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
- $573.69
- Costs to cover
- 0.210%
- Break-even
- 0.6 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 6 min ago. Net counts fees only.
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, 6 min ago | 5.18 bp | 40.6 bp −$41 | doesn't fit | 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.
SOON on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDT | +0.0070% | 4h | 0.1943 | +0.298% | — | $6.7M | — | as long as short |
| Binance SOONUSDT | +0.0100% | 4h | 0.1946 | +0.472% | $8.0M | $1.9M | 50x | as long as short |
| OKX SOON-USDT-SWAP | +0.0100% | 4h | 0.1947 | +0.504% | $1.9M | $425K | 20x | as long as short |
| Gate SOON_USDT | +0.0100% | 4h | 0.1938 | +0.040% | $3.1M | $92K | 50x | as long as short |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1946 | +0.437% | $1.8M | $3.0M | 50x | as long as short |
| Extended SOON-USD | +0.0104% | 1h | 0.1946 | +0.452% | $7K | $207K | 5x | as long as short |
| Kraken Futures PF_SOONUSDlong | +0.0338% | 1h | 0.1937 | long leg | $11K | $1K | 10x | |
| Aster SOONUSDT | +0.0683% | 4h | 0.1942 | +0.269% | $189K | $2K | 5x | as long as short |
| Bitget SOONUSDT | +0.0692% | 4h | 0.1943 | +0.298% | $9.1M | $217K | 25x | as long as short |
| Variational Omni SOON | +0.3100% | 4h | 0.1929 | −0.438% | $221K | $4K | — | as long as short |
BingX SOON-USDT
Binance SOONUSDT
OKX SOON-USDT-SWAP
Gate SOON_USDT
KuCoin SOONUSDTM
Extended SOON-USD
Aster SOONUSDT
Bitget SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDTshort | +0.3323% | 4h | 0.1931 | −0.322% | $2.5M | $1.1M | 25x |