Funding you earn now, next payment 02:00 UTC+0.0277%/8h= +30.3% APRpaid last 24h +0.036%
Price spread now: Kraken Futures against Bybit+0.230%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1151.153% of the position
Funding, last 7 days+0.515%+$52 on $10k
+Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.230%, 7d avg +0.135%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.095% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.135%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYTHUSDT | 0.06340 | 0.0100 | pay 0.0050% / 4h | 2h 01m | $7.5M | $4.8M | 50x |
| Short | Kraken Futures PF_PYTHUSD | 0.06355 | 0.0377 | get 0.0047% / 1h | 1m 35s | $388K | $291K | 25x |
Bybit PYTHUSDT
Kraken Futures PF_PYTHUSDFunding 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
- $58.2
- Price spread: +0.230% → +0.135%
- $9.46
- Slippage, 4 orders
- −$94.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$47.67
- Costs to cover
- 1.153%
- Break-even
- 12.7 days
Slippage from Bybit: live order book, 1 min ago; Kraken Futures: live order book, 1 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, 1 min ago | 3.15 bp | 33.8 bp −$34 | 92.9 bp −$929 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 11.02 bp | 22.8 bp −$23 | 133.4 bp −$1,334 | doesn't fit | doesn't fit |
PYTH on 22 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 PYTH_USDT | −0.0118% | 4h | 0.06335 | −0.079% | $1.0M | $501K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06369 | +0.457% | $39K | $18K | 25x | as long as short |
| Binance PYTHUSDT | −0.0049% | 4h | 0.06337 | −0.051% | $9.1M | $17.7M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0048% | 4h | 0.06335 | −0.079% | $9.6M | $2.4M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06351 | +0.169% | $189K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0001% | 4h | 0.06350 | +0.158% | $20K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.262% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0064% | 1h | 0.06347 | +0.114% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06348 | +0.126% | $191K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06336 | −0.066% | $3K | — | 10x | as long as short |
Gate PYTH_USDT
Coinbase International PYTH-PERP-INTX
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06354 | +0.216% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDTlong | +0.0100% | 4h | 0.06340 | long leg | $7.5M | $4.8M | 50x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06339 | −0.016% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06348 | +0.126% | $1.5M | $341K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06341 | +0.016% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06339 | −0.016% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06356 | +0.249% | $39K | $92K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06340 | +0.006% | $38K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06349 | +0.145% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06345 | +0.082% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSDshort | +0.0377% | 1h | 0.06355 | +0.230% | $388K | $291K | 25x | |
| Deribit PYTH_USDC-PERPETUAL | +0.0695% | 1h | 0.06357 | +0.268% | $10K | $10K | 10x | as long as short |
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL