Funding you earn now, next payment 07:00 UTC+0.9582%/8h= +1049.2% APRnext payment +$11.98 per $10,000 · paid last 24h +0.052%
Price spread now: Kraken Futures against Bybit−0.117%7-day average −0.639% · you buy dearer than you sell
Net, funding: paid 7d − costs+$425as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1601.598% of the position
Funding, last 7 days+5.851%+$585 on $10k
+Price spread, last 4 days (all we have)−1.826%−$183 · spread now −0.117%, 7d avg −0.639%
=Both sides work for this trade now. Funding pays +$287 a day on $10k at the current rate, and Kraken Futures is 0.522% dearer against Bybit than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of −0.639%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 5.851% in total (about 305.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit LSKUSDT | 0.3377 | −1.1659 | get 0.1457% / 1h | 49m 57s | $9.2M | $20.4M | 25x |
| Short | Kraken Futures PF_LSKUSD | 0.3373 | −0.2077 | pay 0.0260% / 1h | 49m 57s | $100K | $360K | 10x |
Bybit LSKUSDT
Kraken Futures PF_LSKUSDFunding 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
- $2,012.19
- Price spread: −0.117% → −0.639%
- $52.24
- Slippage, 4 orders
- −$138.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1,904.59
- Costs to cover
- 1.598%
- Break-even
- 0.4 days
Slippage from Bybit: live order book, 4 min ago; Kraken Futures: live order book, 58 min ago.
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, 4 min ago | 0.15 bp | 29.4 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 58 min ago | 17.79 bp | 66.1 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
LSK on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LSKUSDTlong | −1.1659% | 1h | 0.3377 | long leg | $9.2M | $20.4M | 25x | |
| Variational Omni LSK | −0.8151% | 1h | 0.3374 | −0.089% | $26K | $186K | — | as long as short |
| HTX LSK-USDT | −0.7310% | 1h | 0.3362 | −0.432% | $39K | $315K | 20x | as long as short |
| Gate LSK_USDT | −0.6096% | 1h | 0.3369 | −0.237% | $1.4M | $2.6M | 20x | as long as short |
| Binance LSKUSDT | −0.4766% | 1h | 0.3365 | −0.349% | $14.6M | $100.3M | 50x | as long as short |
| MEXC LSK_USDT | −0.4704% | 1h | 0.3365 | −0.352% | $8.3M | $2.4M | 20x | as long as short |
| Aster LSKUSDT | −0.4013% | 1h | 0.3364 | −0.397% | $59K | $178K | 5x | as long as short |
| Kraken Futures PF_LSKUSDshort | −0.2077% | 1h | 0.3373 | −0.117% | $100K | $360K | 10x | |
| Bitget LSKUSDT | −0.1288% | 1h | 0.3366 | −0.326% | $2.6M | $10.1M | 50x | as long as short |
| BingX LSK-USDT | −0.0784% | 1h | 0.3365 | −0.364% | — | $2.8M | — | as long as short |
Variational Omni LSK
HTX LSK-USDT
Gate LSK_USDT
Binance LSKUSDT
MEXC LSK_USDT
Aster LSKUSDT
Bitget LSKUSDT
BingX LSK-USDT