Funding you earn now, next payment 06:00 UTC−0.0449%/8h= −49.2% APRpaid last 24h −0.689%
Price spread now: Bybit against Kraken Futures−0.124%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
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.124% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZEREBROUSD | 0.03401 | 0.0549 | pay 0.0069% / 1h | 10m 48s | $3K | $2K | 10x |
| Short | Bybit ZEREBROUSDT | 0.03397 | 0.0100 | get 0.0050% / 4h | 2h 10m | $5.3M | $928K | 13x |
Kraken Futures PF_ZEREBROUSD
Bybit ZEREBROUSDTFunding 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
- −$94.37
- Price spread: −0.124% → 0.000%
- −$12.4
- 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
- −$127.78
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 2 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, 2 min ago | 4.41 bp | 52.6 bp −$53 | 203.5 bp −$2,035 | 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.
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 ZEREBROUSDTshort | +0.0100% | 4h | 0.03397 | −0.124% | $5.3M | $928K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03399 | −0.080% | $455K | $25K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03405 | +0.120% | $1.4M | $2.9M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03396 | −0.156% | $108K | $15K | — | as long as short |
| BingX ZEREBRO-USDT | +0.0332% | 4h | 0.03401 | −0.006% | — | $1.3M | — | as long as short |
| MEXC ZEREBRO_USDT | +0.0340% | 4h | 0.03404 | +0.094% | $7.1M | $127K | 50x | as long as short |
| Extended ZEREBRO-USD | +0.0344% | 1h | 0.03404 | +0.068% | $2K | $220K | 5x | as long as short |
| Binance ZEREBROUSDT | +0.0347% | 4h | 0.03404 | +0.091% | $4.7M | $1.4M | 10x | as long as short |
| Aster ZEREBROUSDT | +0.0365% | 4h | 0.03406 | +0.138% | $382K | $19K | 5x | as long as short |
| BloFin ZEREBRO-USDT | +0.0398% | 4h | 0.03403 | +0.052% | $270K | $12K | 10x | as long as short |
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
BingX ZEREBRO-USDT
MEXC ZEREBRO_USDT
Extended ZEREBRO-USD
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_ZEREBROUSDlong | +0.0549% | 1h | 0.03401 | long leg | $3K | $2K | 10x |