Funding you earn now, next payment 01:00 UTC−0.0596%/8h= −65.3% APRpaid last 24h +0.134%
Price spread now: Kraken Futures against Bybit+0.048%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
The price spread pays, funding is against you. Kraken Futures is 0.048% dearer against Bybit than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 6 hours. 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 ALTUSDT | 0.007559 | 0.0100 | pay 0.0050% / 4h | 3h 26m | $1.2M | $1.6M | 25x |
| Short | Kraken Futures PF_ALTUSD | 0.007563 | −0.0496 | pay 0.0062% / 1h | 26m 23s | $44K | $8K | 10x |
Bybit ALTUSDT
Kraken Futures PF_ALTUSDFunding 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
- −$125.16
- Price spread: +0.048% → 0.000%
- $4.77
- 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
- −$141.38
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 5 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, 5 min ago | 3.97 bp | 28.5 bp −$28 | 232.1 bp −$2,321 | 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.
ALT on 14 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_ALTUSDshort | −0.0496% | 1h | 0.007563 | +0.048% | $44K | $8K | 10x | |
| Gate ALT_USDT | +0.0032% | 8h | 0.007557 | −0.026% | $51K | $405K | 25x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −2.355% | $815 | $4K | 5.5x | as long as short |
| Variational Omni ALT | +0.0058% | 4h | 0.007559 | −0.003% | $5K | $13K | — | as long as short |
| BloFin ALT-USDT | +0.0080% | 4h | 0.007556 | −0.040% | $171K | $10K | 50x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007561 | +0.026% | $1.1M | $179K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007567 | +0.106% | $2.6M | $3.6M | 50x | as long as short |
| Bybit ALTUSDTlong | +0.0100% | 4h | 0.007559 | long leg | $1.2M | $1.6M | 25x | |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007566 | +0.093% | $408K | $185K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007562 | +0.040% | $149K | $21K | 30x | as long as short |
Gate ALT_USDT
Injective ALT/USDC PERP
Variational Omni ALT
BloFin ALT-USDT
Hyperliquid ALT
Binance ALTUSDT
MEXC ALT_USDT
KuCoin ALTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ALTUSDT | +0.0100% | 4h | 0.007554 | −0.066% | $600K | $124K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007566 | +0.093% | — | $1.3M | — | as long as short |
| Deribit ALT_USDC-PERPETUAL | +0.0279% | 1h | 0.007561 | +0.026% | — | $0 | 25x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0392% | 1h | 0.007589 | +0.397% | $14K | $3K | 50x | as long as short |
Bitget ALTUSDT
BingX ALT-USDT
Deribit ALT_USDC-PERPETUAL
Coinbase International ALT-PERP-INTX