Funding you earn now, next payment 23:00 UTC+0.2521%/8h= +276.1% APRpaid last 24h +0.637%
Price spread now: Kraken Futures against Bybit−0.023%7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. Kraken Futures is 0.023% cheaper against Bybit than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about under an hour of funding at the current rate (+$76 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BICOUSDT | 0.02261 | 0.0100 | pay 0.0100% / 8h | 1h 48m | $2.4M | $3.7M | 20x |
| Short | Kraken Futures PF_BICOUSD | 0.02260 | 0.2621 | get 0.0328% / 1h | 48m 56s | $41K | $47K | 20x |
Bybit BICOUSDT
Kraken Futures PF_BICOUSDFunding 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
- $529.51
- Price spread: −0.023% → 0.000%
- −$2.33
- 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
- $506.19
- Costs to cover
- 0.210%
- Break-even
- 0.3 days
Slippage unknown: Bybit: live order book, 4 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, 4 min ago | 3.54 bp | 63.6 bp −$64 | 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.
BICO on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BICOUSDT | +0.0100% | 8h | 0.02260 | −0.031% | $94K | $20K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02258 | −0.099% | $4.1M | $8.6M | 20x | as long as short |
| Bybit BICOUSDTlong | +0.0100% | 8h | 0.02261 | long leg | $2.4M | $3.7M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02258 | −0.119% | $1.8M | $5.3M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02258 | −0.119% | $1.8M | $995K | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02258 | −0.119% | $1.0M | $1.2M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02257 | −0.164% | $647K | $447K | 10x | as long as short |
| BingX BICO-USDT | +0.0100% | 8h | 0.02258 | −0.119% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0100% | 8h | 0.02257 | −0.154% | $16K | $5K | — | as long as short |
| Gate BICO_USDT | +0.0374% | 8h | 0.02261 | +0.013% | $404K | $308K | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
KuCoin BICOUSDTM
Bitget BICOUSDT
BingX BICO-USDT
Variational Omni BICO
Gate BICO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSDshort | +0.2621% | 1h | 0.02260 | −0.023% | $41K | $47K | 20x |