Funding you earn now, next payment 08:00 UTC−0.1499%/8h= −164.1% APRpaid last 24h −1.120%
Price spread now: Kraken Futures against Bybit+0.384%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
The price spread pays, funding is against you. Kraken Futures is 0.384% dearer against Bybit than usual: you sell high and buy low (spread +0.384% now, against zero (this spread has no 7-day history yet)): +$38 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOONUSDT | 0.1950 | 0.2271 | pay 0.1136% / 4h | 11m 00s | $2.5M | $1.3M | 25x |
| Short | Kraken Futures PF_SOONUSD | 0.1957 | 0.0772 | get 0.0097% / 1h | 11m 00s | $11K | $3K | 10x |
Bybit SOONUSDT
Kraken Futures PF_SOONUSDFunding 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
- −$314.78
- Price spread: +0.384% → 0.000%
- $38.44
- 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
- −$297.34
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 1 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, 1 min ago | 7.69 bp | 37.7 bp −$38 | doesn't fit | 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.
SOON on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1962 | +0.626% | $1.8M | $3.6M | 50x | as long as short |
| Binance SOONUSDT | +0.0254% | 4h | 0.1961 | +0.564% | $8.0M | $2.0M | 50x | as long as short |
| Extended SOON-USD | +0.0256% | 1h | 0.1960 | +0.537% | $6K | $185K | 5x | as long as short |
| OKX SOON-USDT-SWAP | +0.0332% | 4h | 0.1963 | +0.667% | $2.0M | $518K | 20x | as long as short |
| Aster SOONUSDT | +0.0650% | 4h | 0.1961 | +0.582% | $191K | $3K | 5x | as long as short |
| Kraken Futures PF_SOONUSDshort | +0.0772% | 1h | 0.1957 | +0.384% | $11K | $3K | 10x | |
| Gate SOON_USDT | +0.0800% | 4h | 0.1959 | +0.462% | $3.2M | $150K | 50x | as long as short |
| Bitget SOONUSDT | +0.0916% | 4h | 0.1960 | +0.513% | $9.2M | $318K | 25x | as long as short |
| Variational Omni SOON | +0.1609% | 4h | 0.1951 | +0.036% | $241K | $20K | — | as long as short |
| BingX SOON-USDT | +0.2084% | 4h | 0.1958 | +0.410% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
Binance SOONUSDT
Extended SOON-USD
OKX SOON-USDT-SWAP
Aster SOONUSDT
Gate SOON_USDT
Bitget SOONUSDT
Variational Omni SOON
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDTlong | +0.2271% | 4h | 0.1950 | long leg | $2.5M | $1.3M | 25x |