Funding you earn now, next payment 06:00 UTC−0.1846%/8h= −202.1% APRpaid last 24h −0.860%
Price spread now: Kraken Futures against Bybit+0.196%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 0.196% dearer against Bybit than usual: you sell high and buy low (spread +0.196% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$55 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZILUSDT | 0.003643 | −0.1724 | get 0.1724% / 8h | 2h 46m | $2.8M | $3.3M | 25x |
| Short | Kraken Futures PF_ZILUSD | 0.003650 | −0.3569 | pay 0.0446% / 1h | 46m 46s | $30K | $7K | 10x |
Bybit ZILUSDT
Kraken Futures PF_ZILUSDFunding 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
- −$387.61
- Price spread: +0.196% → 0.000%
- $19.59
- 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
- −$389.02
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 6 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, 6 min ago | 1.37 bp | 42.8 bp −$43 | doesn't fit | 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.
ZIL 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZILUSDshort | −0.3569% | 1h | 0.003650 | +0.196% | $30K | $7K | 10x | |
| Gate ZIL_USDT | −0.3126% | 4h | 0.003659 | +0.439% | $388K | $338K | 50x | as long as short |
| KuCoin ZILUSDTM | −0.2400% | 4h | 0.003668 | +0.686% | $2.4M | $212K | 25x | as long as short |
| Bybit ZILUSDTlong | −0.1724% | 8h | 0.003643 | long leg | $2.8M | $3.3M | 25x | |
| BingX ZIL-USDT | −0.1556% | 4h | 0.003644 | +0.027% | — | $2.5M | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1421% | 4h | 0.003643 | 0.000% | $1.0M | $2.6M | 20x | as long as short |
| Variational Omni ZIL | −0.1293% | 8h | 0.003645 | +0.051% | $16K | $22K | — | as long as short |
| Binance ZILUSDT | −0.0975% | 4h | 0.003634 | −0.235% | $4.4M | $10.1M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0974% | 4h | 0.003634 | −0.247% | $2.4M | $734K | 125x | as long as short |
| BloFin ZIL-USDT | −0.0966% | 4h | 0.003635 | −0.220% | $254K | $145K | 25x | as long as short |
Gate ZIL_USDT
KuCoin ZILUSDTM
BingX ZIL-USDT
OKX ZIL-USDT-SWAP
Variational Omni ZIL
Binance ZILUSDT
MEXC ZIL_USDT
BloFin ZIL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZILUSDT | −0.0927% | 4h | 0.003620 | −0.631% | $148K | $56K | 10x | as long as short |
| Bitget ZILUSDT | −0.0630% | 4h | 0.003650 | +0.192% | $1.3M | $816K | 25x | as long as short |
Aster ZILUSDT
Bitget ZILUSDT