Funding you earn now, next payment 00:00 UTC+0.0183%/8h= +20.0% APRpaid last 24h +0.063%
Price spread now: Kraken Futures against Bybit+0.269%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.269% dearer against Bybit than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KAIAUSDT | 0.03273 | 0.0100 | pay 0.0050% / 4h | 39m 18s | $2.0M | $1.5M | 50x |
| Short | Kraken Futures PF_KAIAUSD | 0.03282 | 0.0283 | get 0.0035% / 1h | 39m 18s | $46K | $14K | 10x |
Bybit KAIAUSDT
Kraken Futures PF_KAIAUSDFunding 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
- $38.36
- Price spread: +0.269% → 0.000%
- $26.89
- 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
- $44.26
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 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, 2 min ago | 4.58 bp | 31.1 bp −$31 | 115.4 bp −$1,154 | 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.
KAIA on 12 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 KAIA-USDT | +0.0090% | 4h | 0.03277 | +0.122% | $155K | $9K | 75x | as long as short |
| Binance KAIAUSDT | +0.0100% | 4h | 0.03275 | +0.061% | $2.3M | $3.5M | 75x | as long as short |
| Bybit KAIAUSDTlong | +0.0100% | 4h | 0.03273 | long leg | $2.0M | $1.5M | 50x | |
| Gate KAIA_USDT | +0.0100% | 4h | 0.03275 | +0.061% | $81K | $57K | 50x | as long as short |
| MEXC KAIA_USDT | +0.0100% | 4h | 0.03274 | +0.031% | $414K | $125K | 100x | as long as short |
| KuCoin KAIAUSDTM | +0.0100% | 4h | 0.03282 | +0.275% | $338K | $72K | 30x | as long as short |
| Bitget KAIAUSDT | +0.0100% | 4h | 0.03275 | +0.061% | $482K | $344K | 75x | as long as short |
| BingX KAIA-USDT | +0.0100% | 4h | 0.03275 | +0.061% | — | $6.5M | — | as long as short |
| Variational Omni KAIA | +0.0100% | 4h | 0.03275 | +0.064% | $3K | $202 | — | as long as short |
| GRVT KAIA_USDT_Perp | +0.0100% | 4h | 0.03280 | +0.228% | $395K | $498K | 10x | as long as short |
BloFin KAIA-USDT
Binance KAIAUSDT
Gate KAIA_USDT
MEXC KAIA_USDT
KuCoin KAIAUSDTM
Bitget KAIAUSDT
BingX KAIA-USDT
Variational Omni KAIA
GRVT KAIA_USDT_PerpShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KAIA-USD | +0.0104% | 1h | 0.03274 | +0.042% | $977 | $100K | 5x | as long as short |
| Kraken Futures PF_KAIAUSDshort | +0.0283% | 1h | 0.03282 | +0.269% | $46K | $14K | 10x |
Extended KAIA-USD