Funding you earn now, next payment 11:00 UTC−0.1225%/8h= −134.1% APRpaid last 24h +0.124%
Price spread now: Bybit against Kraken Futures−0.528%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 −$37 a day on $10k at the current rate, and Bybit is 0.528% cheaper against Kraken Futures than usual: you would sell low and buy high (−$53 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_IOTAUSD | 0.04733 | 0.1325 | pay 0.0166% / 1h | 27m 38s | $14K | $27K | 10x |
| Short | Bybit IOTAUSDT | 0.04708 | 0.0100 | get 0.0100% / 8h | 5h 27m | $2.2M | $1.3M | 75x |
Kraken Futures PF_IOTAUSD
Bybit IOTAUSDTFunding 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
- −$257.16
- Price spread: −0.528% → 0.000%
- −$52.83
- 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
- −$330.99
- 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 | 4.25 bp | 46.8 bp −$47 | 333.3 bp −$3,333 | 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.
IOTA on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid IOTA | +0.0100% | 1h | 0.04716 | −0.351% | $882K | $317K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04711 | −0.460% | $3.4M | $5.6M | 75x | as long as short |
| Bybit IOTAUSDTshort | +0.0100% | 8h | 0.04708 | −0.528% | $2.2M | $1.3M | 75x | |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04707 | −0.549% | $527K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04709 | −0.507% | $817K | $252K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04713 | −0.423% | $563K | $170K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04711 | −0.465% | $1.8M | $691K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04710 | −0.486% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04698 | −0.742% | $50K | $32K | — | as long as short |
| BloFin IOTA-USDT | +0.0111% | 8h | 0.04715 | −0.380% | $163K | $42K | 75x | as long as short |
Hyperliquid IOTA
Binance IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTA
BloFin IOTA-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IOTAUSDTM | +0.0785% | 8h | 0.04720 | −0.275% | $2.7M | $155K | 30x | as long as short |
| Kraken Futures PF_IOTAUSDlong | +0.1325% | 1h | 0.04733 | long leg | $14K | $27K | 10x |
KuCoin IOTAUSDTM