Funding you earn now, next payment 07:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h −0.701%
Price spread now: Bybit against Kraken Futures−0.020%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INITUSD | 0.08370 | −0.0001 | get 0.0000% / 1h | 34m 01s | $5K | $24K | 10x |
| Short | Bybit INITUSDT | 0.08368 | 0.0100 | get 0.0050% / 4h | 1h 34m | $1.4M | $1.5M | 25x |
Kraken Futures PF_INITUSD
Bybit INITUSDTFunding 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
- $21.28
- Price spread: −0.020% → 0.000%
- −$1.98
- 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
- −$1.69
- Costs to cover
- 0.210%
- Break-even
- 7.6 days
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 | 2.99 bp | 38.4 bp −$38 | 94.8 bp −$948 | 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.
INIT on 13 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_INITUSDlong | −0.0001% | 1h | 0.08370 | long leg | $5K | $24K | 10x | |
| BloFin INIT-USDT | +0.0078% | 4h | 0.08392 | +0.267% | $153K | $76K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08379 | +0.116% | $312K | $176K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08384 | +0.168% | $28K | $39K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08381 | +0.136% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDTshort | +0.0100% | 4h | 0.08368 | −0.020% | $1.4M | $1.5M | 25x | |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08371 | +0.016% | $141K | $682K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08371 | +0.016% | $82K | $36K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08380 | +0.124% | $446K | $181K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08378 | +0.100% | $324K | $60K | 25x | as long as short |
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDT | +0.0100% | 4h | 0.08378 | +0.100% | $430K | $286K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08375 | +0.064% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08363 | −0.085% | $27K | $11K | — | as long as short |
Bitget INITUSDT
BingX INIT-USDT
Variational Omni INIT