Funding you earn now, next payment 08:00 UTC+0.0366%/8h= +40.0% APRpaid last 24h +0.034%
Price spread now: Bybit against Kraken Futures+0.214%7-day average −0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$850.849% of the position
Funding, last 7 days+0.260%+$26 on $10k
+Price spread, last 4 days (all we have)−0.429%−$43 · spread now +0.214%, 7d avg −0.123%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bybit is 0.337% dearer against Kraken Futures than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.123%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALGOUSD | 0.1111 | −0.0266 | get 0.0033% / 1h | 36m 59s | $828K | $1.1M | 50x |
| Short | Bybit ALGOUSDT | 0.1113 | 0.0100 | get 0.0100% / 8h | 36m 59s | $11.3M | $13.0M | 75x |
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDTFunding 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
- $76.78
- Price spread: +0.214% → −0.123%
- $33.73
- Slippage, 4 orders
- −$63.93
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $25.58
- Costs to cover
- 0.849%
- Break-even
- 4.7 days
Slippage from Kraken Futures: live order book, 1 min ago; Bybit: live order book, 1 min ago.
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, 1 min ago | 19.35 bp | 25.4 bp −$25 | 48.9 bp −$489 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.35 bp | 13.4 bp −$13 | 40.2 bp −$402 | doesn't fit | doesn't fit |
ALGO on 22 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_ALGOUSDlong | −0.0266% | 1h | 0.1111 | long leg | $828K | $1.1M | 50x | |
| Deribit ALGO_USDC-PERPETUAL | −0.0200% | 1h | 0.1110 | −0.047% | $87K | $46K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1111 | +0.026% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.854% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1111 | +0.052% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1113 | +0.206% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1113 | +0.178% | $9.5M | $34.4M | 75x | as long as short |
| Bybit ALGOUSDTshort | +0.0100% | 8h | 0.1113 | +0.214% | $11.3M | $13.0M | 75x | |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1113 | +0.205% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1110 | −0.056% | $836K | $950K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1112 | +0.124% | $23.4M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1112 | +0.106% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.043% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1112 | +0.160% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1117 | +0.569% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1110 | −0.047% | $58K | $137K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1112 | +0.133% | $3.7M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1111 | +0.002% | $4K | $191K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1117 | +0.611% | $63K | $194K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1111 | +0.043% | $471K | $875K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1110 | −0.014% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.0945% | 1h | 0.1111 | +0.074% | $160K | $5K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD