Funding you earn now, next payment 11:00 UTC−0.1490%/8h= −163.2% APRpaid last 24h −0.316%
Price spread now: Bybit against Kraken Futures−0.166%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 −$45 a day on $10k at the current rate, and Bybit is 0.166% cheaper against Kraken Futures than usual: you would sell low and buy high (−$17 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_KAIAUSD | 0.03164 | 0.1590 | pay 0.0199% / 1h | 27m 36s | $32K | $42K | 10x |
| Short | Bybit KAIAUSDT | 0.03159 | 0.0100 | get 0.0050% / 4h | 1h 27m | $2.0M | $1.2M | 50x |
Kraken Futures PF_KAIAUSD
Bybit KAIAUSDTFunding 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
- −$312.92
- Price spread: −0.166% → 0.000%
- −$16.57
- 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
- −$350.48
- 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 | 3.17 bp | 31.0 bp −$31 | 110.5 bp −$1,105 | 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.
KAIA 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin KAIA-USDT | +0.0060% | 4h | 0.03162 | −0.071% | $153K | $18K | 75x | as long as short |
| Binance KAIAUSDT | +0.0100% | 4h | 0.03162 | −0.064% | $2.4M | $3.8M | 75x | as long as short |
| Bybit KAIAUSDTshort | +0.0100% | 4h | 0.03159 | −0.166% | $2.0M | $1.2M | 50x | |
| Gate KAIA_USDT | +0.0100% | 4h | 0.03161 | −0.102% | $75K | $67K | 50x | as long as short |
| MEXC KAIA_USDT | +0.0100% | 4h | 0.03162 | −0.071% | $549K | $149K | 100x | as long as short |
| KuCoin KAIAUSDTM | +0.0100% | 4h | 0.03164 | −0.008% | $305K | $41K | 30x | as long as short |
| Bitget KAIAUSDT | +0.0100% | 4h | 0.03165 | +0.024% | $423K | $359K | 75x | as long as short |
| BingX KAIA-USDT | +0.0100% | 4h | 0.03161 | −0.102% | — | $6.5M | — | as long as short |
| Variational Omni KAIA | +0.0100% | 4h | 0.03156 | −0.268% | $3K | $1 | — | as long as short |
| GRVT KAIA_USDT_Perp | +0.0100% | 4h | 0.03169 | +0.150% | $379K | $434K | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KAIA-USD | +0.0104% | 1h | 0.03161 | −0.095% | $4K | $95K | 5x | as long as short |
| Kraken Futures PF_KAIAUSDlong | +0.1590% | 1h | 0.03164 | long leg | $32K | $42K | 10x |
Extended KAIA-USD