Funding you earn now, next payment 09:00 UTC+0.2127%/8h= +232.9% APRpaid last 24h +0.005%
Price spread now: Bybit against Kraken Futures+0.333%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 +$64 a day on $10k at the current rate, and Bybit is 0.333% dearer against Kraken Futures than usual: you sell high and buy low: +$33 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 | Kraken Futures PF_EURUSD | 1.1435 | −0.0131 | get 0.0016% / 1h | 34m 26s | $3K | — | 50x |
| Short | Bybit EURUSDUSDT | 1.1473 | 0.1996 | get 0.1996% / 8h | 7h 34m | $587K | $313K | 100x |
Kraken Futures PF_EURUSD
Bybit EURUSDUSDTFunding 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
- $446.75
- Price spread: +0.333% → 0.000%
- $33.26
- 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
- $459.01
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 56 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, 56 min ago | 6.14 bp | 14.7 bp −$15 | 38.6 bp −$386 | 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.
EUR on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0400% | 4h | 1.1438 | +0.029% | $6.8M | $141K | 100x | as long as short |
| Kraken Futures PF_EURUSDlong | −0.0131% | 1h | 1.1435 | long leg | $3K | — | 50x | |
| Lighter EURUSD | 0.0000% | 1h | 1.1445 | +0.091% | $2.1M | $542K | 50x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1438 | +0.029% | $246K | $122K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1442 | +0.064% | — | $2.3M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1450 | +0.134% | $13K | $273K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1436 | +0.014% | $6.8M | $1.4M | 100x | as long as short |
| Bitget EURUSDUSDT | +0.0033% | 8h | 1.1470 | +0.309% | $263K | $25K | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | +0.277% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1469 | +0.298% | — | $224K | 100x | as long as short |
MEXC EUR_USDT
Lighter EURUSD
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USD
Bitget EURUSDUSDT
Injective EURUSD/USDC PERP
Vest EUR-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica EURUSD | +0.0100% | 1h | 1.1437 | +0.022% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1442 | +0.064% | $12K | — | 10x | as long as short |
| Nado EURUSD-PERP | +0.0115% | 1h | 1.1439 | +0.041% | $465K | $159K | 40x | as long as short |
| Gate EURUSD_USDT | +0.0200% | 8h | 1.1460 | +0.222% | $143K | $3K | 100x | as long as short |
| tradeXYZ xyz:EUR | +0.0282% | 1h | 1.1443 | +0.073% | $23.2M | $1.8M | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0328% | 1h | 1.1447 | +0.108% | $33K | — | 50x | as long as short |
| Hibachi EUR/USDT-P | +0.0424% | 1h | 1.1442 | +0.065% | $167K | $8.4M | 30x | as long as short |
| Bybit EURUSDUSDTshort | +0.1996% | 8h | 1.1473 | +0.333% | $587K | $313K | 100x |
Pacifica EURUSD
Aevo EURUSD-PERP
Nado EURUSD-PERP
Gate EURUSD_USDT
tradeXYZ xyz:EUR
Hotstuff EURUSD-PERP
Hibachi EUR/USDT-P