T

Alert

Funding spread now, next payment 18:00 UTC+0.3090%/8h

paid, last 24h+0.742%paid, last 4 days+1.242%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TUSD	0.005119	−0.4004	get 0.0501% / 1h	15m 03s	$2K	$2K	10x
Short	Bybit TUSDT	0.005119	−0.0915	pay 0.0457% / 4h	2h 15m	$1.6M	$2.4M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BybitbpOrdersRate

Funding earned: $648.85
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: $627.85
Break-even: 0.2 days

Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.007%
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, 3 min ago	1.96 bp	34.3 bp −$34	231.0 bp −$2,310	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.

T on 8 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_TUSDlong	−0.4004%	1h	$2K	$2K	10x
Gate T_USDT	−0.1396%	4h	$212K	$126K	20x	as long as short
Variational Omni T	−0.1133%	4h	$7K	$13K	—	as long as short
Bybit TUSDTshort	−0.0915%	4h	$1.6M	$2.4M	25x
KuCoin TUSDTM	−0.0802%	4h	$1.3M	$105K	12x	as long as short
MEXC T_USDT	−0.0716%	4h	$3.1M	$305K	20x	as long as short
Binance TUSDT	−0.0711%	4h	$3.2M	$10.8M	50x	as long as short
Bitget TUSDT	−0.0520%	4h	$885K	$806K	50x	as long as short