Funding you earn now, next payment 08:00 UTC−0.1245%/8h= −136.3% APRpaid last 24h −0.878%
Price spread now: Kraken Futures against Bybit+0.065%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Kraken Futures is 0.065% dearer against Bybit than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TUSDT | 0.005220 | −0.0849 | get 0.0425% / 4h | 35m 32s | $1.6M | $1.6M | 25x |
| Short | Kraken Futures PF_TUSD | 0.005223 | −0.2094 | pay 0.0262% / 1h | 35m 32s | $4K | $2K | 10x |
Bybit TUSDT
Kraken Futures PF_TUSDFunding 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
- −$261.44
- Price spread: +0.065% → 0.000%
- $6.45
- 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
- −$275.99
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Kraken Futures: no order-book sample. 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 Bybit live order book, 1 min ago | 3.83 bp | 41.7 bp −$42 | 407.6 bp −$4,076 | 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.
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSDshort | −0.2094% | 1h | 0.005223 | +0.065% | $4K | $2K | 10x | |
| Gate T_USDT | −0.1250% | 4h | 0.005214 | −0.115% | $207K | $93K | 20x | as long as short |
| Bybit TUSDTlong | −0.0849% | 4h | 0.005220 | long leg | $1.6M | $1.6M | 25x | |
| Variational Omni T | −0.0836% | 4h | 0.005215 | −0.096% | $7K | $6K | — | as long as short |
| Bitget TUSDT | −0.0808% | 4h | 0.005208 | −0.230% | $885K | $635K | 50x | as long as short |
| Binance TUSDT | −0.0692% | 4h | 0.005215 | −0.101% | $3.1M | $7.8M | 50x | as long as short |
| MEXC T_USDT | −0.0690% | 4h | 0.005216 | −0.077% | $3.1M | $233K | 20x | as long as short |
| KuCoin TUSDTM | −0.0444% | 4h | 0.005223 | +0.057% | $1.3M | $95K | 12x | as long as short |
Gate T_USDT
Variational Omni T
Bitget TUSDT
Binance TUSDT
MEXC T_USDT
KuCoin TUSDTM