Funding you earn now, next payment 22:00 UTC+0.2090%/8h= +228.8% APRpaid last 24h +0.220%
Price spread now: Bybit against Kraken Futures+0.368%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.941%−$94 on $10k
+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 +$63 a day on $10k at the current rate, and Bybit is 0.368% dearer against Kraken Futures than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.941%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.941% in total (about -49.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARCUSD | 0.07770 | −0.0095 | get 0.0012% / 1h | 7m 20s | $49K | $81K | 20x |
| Short | Bybit ARCUSDT | 0.07799 | 0.1995 | get 0.0997% / 4h | 2h 07m | $2.7M | $4.3M | 13x |
Kraken Futures PF_ARCUSD
Bybit ARCUSDTFunding 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
- $438.86
- Price spread: +0.368% → 0.000%
- $36.77
- 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
- $454.63
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, just now. 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, just now | 6.42 bp | 109.8 bp −$110 | 389.1 bp −$3,891 | 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.
ARC 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_ARCUSDlong | −0.0095% | 1h | 0.07770 | long leg | $49K | $81K | 20x | |
| Lighter ARC | +0.0096% | 1h | 0.07789 | +0.234% | $42K | $2K | 3x | as long as short |
| Gate ARC_USDT | +0.0100% | 4h | 0.07789 | +0.239% | $3.0M | $336K | 20x | as long as short |
| SunX ARC-USDT | +0.0100% | 4h | 0.07786 | +0.200% | $1K | $1.5M | 20x | as long as short |
| KuCoin ARCUSDTM | +0.0728% | 4h | 0.07823 | +0.674% | $1.3M | $1.8M | 20x | as long as short |
| Bitget ARCUSDT | +0.0808% | 4h | 0.07798 | +0.355% | $1.7M | $531K | 10x | as long as short |
| Extended ARC-USD | +0.0840% | 1h | 0.07800 | +0.380% | $30K | $118K | 5x | as long as short |
| Binance ARCUSDT | +0.0844% | 4h | 0.07801 | +0.393% | $24.2M | $7.2M | 20x | as long as short |
| BloFin ARC-USDT | +0.0920% | 4h | 0.07792 | +0.278% | $1.2M | $61K | 20x | as long as short |
| Aster ARCUSDT | +0.1447% | 4h | 0.07804 | +0.437% | $19K | $16K | 5x | as long as short |
Lighter ARC
Gate ARC_USDT
SunX ARC-USDT
KuCoin ARCUSDTM
Bitget ARCUSDT
Extended ARC-USD
Binance ARCUSDT
BloFin ARC-USDT
Aster ARCUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ARCUSDTshort | +0.1995% | 4h | 0.07799 | +0.368% | $2.7M | $4.3M | 13x | |
| BingX ARC-USDT | +0.2000% | 4h | 0.07797 | +0.342% | — | $1.7M | — | as long as short |
BingX ARC-USDT