Funding you earn now, next payment 02:00 UTC−0.5727%/8h= −627.2% APRpaid last 24h +0.034%
Price spread now: Bybit against Kraken Futures−0.423%7-day average −0.354% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.677%−$68 on $10k
+Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.423%, 7d avg −0.354%
=Both sides work against this trade now: funding costs −$172 a day on $10k at the current rate, and Bybit is 0.069% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.354%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.677% in total (about -35.3% 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_VETUSD | 0.009041 | 0.5827 | pay 0.0728% / 1h | 39m 49s | $129K | $119K | 10x |
| Short | Bybit VETUSDT | 0.009003 | 0.0100 | get 0.0100% / 8h | 6h 39m | $6.0M | $4.0M | 75x |
Kraken Futures PF_VETUSD
Bybit VETUSDTFunding 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
- −$1,202.76
- Price spread: −0.423% → −0.354%
- −$6.9
- 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
- −$1,230.67
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 27 min ago; Bybit: live order book, 3 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 live order book, 27 min ago | 29.87 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.77 bp | 31.3 bp −$31 | 78.5 bp −$785 | doesn't fit | doesn't fit |
VET on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) VET/USD | L −0.0003% / S +0.0006% | 1h | 0.009019 | −0.246% | $7K | — | 150x | as long as short |
| Injective VET/USDC PERP | +0.0033% | 1h | 0.009180 | +1.535% | $7 | $152K | 12x | as long as short |
| Binance VETUSDT | +0.0100% | 8h | 0.009012 | −0.323% | $6.3M | $15.4M | 75x | as long as short |
| Bybit VETUSDTshort | +0.0100% | 8h | 0.009003 | −0.423% | $6.0M | $4.0M | 75x | |
| Gate VET_USDT | +0.0100% | 8h | 0.009001 | −0.445% | $497K | $218K | 25x | as long as short |
| MEXC VET_USDT | +0.0100% | 8h | 0.009008 | −0.367% | $8.0M | $1.3M | 125x | as long as short |
| KuCoin VETUSDTM | +0.0100% | 8h | 0.009023 | −0.202% | $5.0M | $3.9M | 50x | as long as short |
| Bitget VETUSDT | +0.0100% | 8h | 0.009011 | −0.334% | $4.9M | $2.0M | 50x | as long as short |
| BingX VET-USDT | +0.0100% | 8h | 0.009007 | −0.379% | — | $2.5M | — | as long as short |
| Variational Omni VET | +0.0100% | 8h | 0.009022 | −0.211% | $28K | $410 | — | as long as short |
gTrade (Gains Network) VET/USD
Injective VET/USDC PERP
Binance VETUSDT
Gate VET_USDT
MEXC VET_USDT
KuCoin VETUSDTM
Bitget VETUSDT
BingX VET-USDT
Variational Omni VETShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin VET-USDT | +0.0220% | 8h | 0.009066 | +0.274% | $396K | $571K | 75x | as long as short |
| Kraken Futures PF_VETUSDlong | +0.5827% | 1h | 0.009041 | long leg | $129K | $119K | 10x |
BloFin VET-USDT