Funding you earn now, next payment 06:00 UTC−0.3093%/8h= −338.6% APRpaid last 24h −1.082%
Price spread now: Bybit against Kraken Futures−0.187%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.566%−$257 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$93 a day on $10k at the current rate, and Bybit is 0.187% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BICOUSD | 0.02216 | 0.3193 | pay 0.0399% / 1h | 30m 19s | $36K | $65K | 20x |
| Short | Bybit BICOUSDT | 0.02211 | 0.0101 | get 0.0101% / 8h | 2h 30m | $2.2M | $3.9M | 20x |
Kraken Futures PF_BICOUSD
Bybit BICOUSDTFunding 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
- −$649.46
- Price spread: −0.187% → 0.000%
- −$18.68
- 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
- −$689.15
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 2 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, 2 min ago | 3.16 bp | 32.4 bp −$32 | doesn't fit | 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.
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 | 0.02211 | −0.198% | $93K | $24K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02212 | −0.180% | $3.9M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02214 | −0.069% | $1.8M | $5.1M | 20x | as long as short |
| Gate BICO_USDT | +0.0100% | 8h | 0.02210 | −0.250% | $364K | $335K | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02210 | −0.250% | $1.8M | $1.1M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02210 | −0.250% | $649K | $542K | 10x | as long as short |
| Bybit BICOUSDTshort | +0.0101% | 8h | 0.02211 | −0.187% | $2.2M | $3.9M | 20x | |
| BingX BICO-USDT | +0.0101% | 8h | 0.02215 | −0.024% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0101% | 8h | 0.02210 | −0.263% | $13K | $10K | — | as long as short |
| KuCoin BICOUSDTM | +0.0128% | 8h | 0.02212 | −0.160% | $978K | $1.4M | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
Gate BICO_USDT
MEXC BICO_USDT
Bitget BICOUSDT
BingX BICO-USDT
Variational Omni BICO
KuCoin BICOUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSDlong | +0.3193% | 1h | 0.02216 | long leg | $36K | $65K | 20x |