Funding you earn now, next payment 02:00 UTC−0.0400%/8h= −43.8% APRpaid last 24h −0.193%
Price spread now: Bybit against Kraken Futures−0.184%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
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.184% cheaper against Kraken Futures than usual: you would sell low and buy high (−$18 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_IDUSD | 0.03768 | 0.0500 | pay 0.0062% / 1h | 45m 38s | $4K | $2K | 10x |
| Short | Bybit IDUSDT | 0.03761 | 0.0100 | get 0.0100% / 8h | 6h 45m | $1.4M | $1.1M | 25x |
Kraken Futures PF_IDUSD
Bybit IDUSDTFunding 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
- −$83.97
- Price spread: −0.184% → 0.000%
- −$18.44
- 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
- −$123.4
- Costs to cover
- 0.210%
- Break-even
- never at this rate
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 | 5.31 bp | 25.5 bp −$25 | 416.5 bp −$4,165 | 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.
ID 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ID-USDT | +0.0081% | 4h | 0.03761 | −0.184% | $161K | $13K | 50x | as long as short |
| Aster IDUSDT | +0.0100% | 4h | 0.03756 | −0.329% | $9K | $147 | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03768 | +0.014% | $2.4M | $3.7M | 50x | as long as short |
| Bybit IDUSDTshort | +0.0100% | 8h | 0.03761 | −0.184% | $1.4M | $1.1M | 25x | |
| Gate ID_USDT | +0.0100% | 4h | 0.03760 | −0.211% | $246K | $241K | 25x | as long as short |
| MEXC ID_USDT | +0.0100% | 4h | 0.03768 | +0.001% | $419K | $175K | 20x | as long as short |
| KuCoin IDUSDTM | +0.0100% | 4h | 0.03759 | −0.237% | $1.1M | $68K | 30x | as long as short |
| Bitget IDUSDT | +0.0100% | 4h | 0.03775 | +0.187% | $822K | $651K | 50x | as long as short |
| BingX ID-USDT | +0.0100% | 4h | 0.03765 | −0.078% | — | $2.3M | — | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03762 | −0.160% | $12K | $20K | — | as long as short |
BloFin ID-USDT
Aster IDUSDT
Binance IDUSDT
Gate ID_USDT
MEXC ID_USDT
KuCoin IDUSDTM
Bitget IDUSDT
BingX ID-USDT
Variational Omni IDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSDlong | +0.0500% | 1h | 0.03768 | long leg | $4K | $2K | 10x |