Funding you earn now, next payment 07:00 UTC+0.0559%/8h= +61.2% APRpaid last 24h +0.752%
Price spread now: Kraken Futures against Bybit+0.322%55s7-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
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.322% dearer against Bybit than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZEREBROUSDT | 0.03390 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $5.3M | $924K | 13x |
| Short | Kraken Futures PF_ZEREBROUSD | 0.03400 | 0.0659 | get 0.0082% / 1h | 40m 24s | $3K | $2K | 10x |
Bybit ZEREBROUSDT
Kraken Futures PF_ZEREBROUSDFunding 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
- $117.29
- Price spread: +0.322% → 0.000%
- $32.22
- 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
- $128.51
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 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, 2 min ago | 8.85 bp | 55.7 bp −$56 | 358.1 bp −$3,581 | 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.
ZEREBRO 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZEREBROUSDTlong | +0.0100% | 4h | 0.03390 | long leg | $5.3M | $924K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03394 | +0.133% | $455K | $24K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03394 | +0.121% | $1.4M | $2.9M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03397 | +0.233% | $108K | $15K | — | as long as short |
| BingX ZEREBRO-USDT | +0.0382% | 4h | 0.03392 | +0.080% | — | $1.3M | — | as long as short |
| Extended ZEREBRO-USD | +0.0416% | 1h | 0.03397 | +0.221% | $3K | $225K | 5x | as long as short |
| MEXC ZEREBRO_USDT | +0.0416% | 4h | 0.03397 | +0.224% | $7.1M | $125K | 50x | as long as short |
| Binance ZEREBROUSDT | +0.0424% | 4h | 0.03398 | +0.245% | $4.7M | $1.4M | 10x | as long as short |
| Aster ZEREBROUSDT | +0.0432% | 4h | 0.03402 | +0.383% | $382K | $18K | 5x | as long as short |
| BloFin ZEREBRO-USDT | +0.0476% | 4h | 0.03404 | +0.422% | $272K | $12K | 10x | as long as short |
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
BingX ZEREBRO-USDT
Extended ZEREBRO-USD
MEXC ZEREBRO_USDT
Binance ZEREBROUSDT
Aster ZEREBROUSDT
BloFin ZEREBRO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZEREBROUSDshort | +0.0659% | 1h | 0.03400 | +0.322% | $3K | $2K | 10x |