Funding you earn now, next payment 05:00 UTC+0.1145%/8h= +125.4% APRpaid last 24h +1.133%
Price spread now: Bybit against Kraken Futures−0.246%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
Funding pays, the price is against you. Bybit is 0.246% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.246% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 17 hours of funding at the current rate (+$34 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SOONUSD | 0.1942 | 0.0434 | pay 0.0054% / 1h | 22m 54s | $11K | $2K | 10x |
| Short | Bybit SOONUSDT | 0.1937 | 0.1579 | get 0.0790% / 4h | 3h 22m | $2.5M | $1.2M | 25x |
Kraken Futures PF_SOONUSD
Bybit SOONUSDTFunding 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
- $240.55
- Price spread: −0.246% → 0.000%
- −$24.6
- 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
- $194.95
- Costs to cover
- 0.210%
- Break-even
- 1.3 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 4 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, 4 min ago | 5.15 bp | 29.3 bp −$29 | doesn't fit | 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.
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 | 0.1950 | +0.434% | $1.8M | $3.4M | 50x | as long as short |
| Kraken Futures PF_SOONUSDlong | +0.0434% | 1h | 0.1942 | long leg | $11K | $2K | 10x | |
| Binance SOONUSDT | +0.0796% | 4h | 0.1948 | +0.321% | $8.0M | $2.0M | 50x | as long as short |
| Gate SOON_USDT | +0.0798% | 4h | 0.1946 | +0.218% | $3.2M | $127K | 50x | as long as short |
| Extended SOON-USD | +0.0800% | 1h | 0.1947 | +0.293% | $8K | $184K | 5x | as long as short |
| OKX SOON-USDT-SWAP | +0.0908% | 4h | 0.1948 | +0.321% | $1.9M | $494K | 20x | as long as short |
| Variational Omni SOON | +0.1261% | 4h | 0.1940 | −0.110% | $239K | $20K | — | as long as short |
| Bitget SOONUSDT | +0.1268% | 4h | 0.1949 | +0.372% | $9.2M | $285K | 25x | as long as short |
| Aster SOONUSDT | +0.1361% | 4h | 0.1946 | +0.239% | $189K | $3K | 5x | as long as short |
| Bybit SOONUSDTshort | +0.1579% | 4h | 0.1937 | −0.246% | $2.5M | $1.2M | 25x |
KuCoin SOONUSDTM
Binance SOONUSDT
Gate SOON_USDT
Extended SOON-USD
OKX SOON-USDT-SWAP
Variational Omni SOON
Bitget SOONUSDT
Aster SOONUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDT | +0.1979% | 4h | 0.1945 | +0.166% | — | $6.7M | — | as long as short |
BingX SOON-USDT