Funding you earn now, next payment 09:00 UTC+0.5243%/8h= +574.2% APRnext payment +$6.55 per $10,000 · paid last 24h −0.011%
Price spread now: Bybit against Kraken Futures+0.246%7-day average +0.633% · you sell dearer than you buy
Net, funding: paid 7d − costs−$688as in the Funding arb table
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$1641.641% of the position
Funding, last 7 days−5.235%−$523 on $10k
+Price spread, last 4 days (all we have)+2.356%+$236 · spread now +0.246%, 7d avg +0.633%
=Funding pays, the price is against you. Bybit is 0.387% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.246% now, against its 7-day average of +0.633%). If the spread goes back, that is −$39 on $10k: about 6 hours of funding at the current rate (+$157 a day). Mind the row above: over the last 7 days funding on this pair cost −5.235%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LSKUSD | 0.3454 | −0.5143 | get 0.0643% / 1h | 31m 54s | $105K | $355K | 10x |
| Short | Bybit LSKUSDT | 0.3462 | 0.0100 | get 0.0013% / 1h | 31m 54s | $9.1M | $21.4M | 25x |
Funding 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
- $1,101.11
- Price spread: +0.246% → +0.633%
- −$38.67
- Slippage, 4 orders
- −$143.15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $898.3
- Costs to cover
- 1.641%
- Break-even
- 1.3 days
Slippage from Kraken Futures: live order book, 1 min ago; Bybit: live order book, 2 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 Kraken Futures live order book, 1 min ago | 46.30 bp | 54.7 bp −$55 | 239.4 bp −$2,394 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.30 bp | 26.0 bp −$26 | 238.1 bp −$2,381 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LSK_USDT | −0.6128% | 1h | 0.3453 | −0.023% | $1.4M | $2.7M | 20x | as long as short |
| Binance LSKUSDT | −0.5700% | 1h | 0.3454 | +0.016% | $15.3M | $100.7M | 50x | as long as short |
| MEXC LSK_USDT | −0.5640% | 1h | 0.3453 | −0.034% | $9.0M | $2.3M | 20x | as long as short |
| BingX LSK-USDT | −0.5392% | 1h | 0.3459 | +0.139% | — | $2.9M | — | as long as short |
| Kraken Futures PF_LSKUSDlong | −0.5143% | 1h | 0.3454 | long leg | $105K | $355K | 10x | |
| Aster LSKUSDT | −0.4727% | 1h | 0.3464 | +0.293% | $50K | $184K | 5x | as long as short |
| HTX LSK-USDT | −0.3561% | 1h | 0.3446 | −0.217% | $39K | $320K | 20x | as long as short |
| Bitget LSKUSDT | −0.0936% | 1h | 0.3446 | −0.226% | $2.7M | $9.9M | 50x | as long as short |
| Bybit LSKUSDTshort | +0.0100% | 1h | 0.3462 | +0.246% | $9.1M | $21.4M | 25x | |
| Variational Omni LSK | +0.0100% | 1h | 0.3475 | +0.613% | $31K | $192K | — | as long as short |
Kraken Futures PF_LSKUSD
Bybit LSKUSDT
Gate LSK_USDT
Binance LSKUSDT
MEXC LSK_USDT
BingX LSK-USDT
Aster LSKUSDT
HTX LSK-USDT
Bitget LSKUSDT
Variational Omni LSK