Funding you earn now, next payment 03:00 UTC+0.1512%/8h= +165.6% APRpaid last 24h −0.425%
Price spread now: Kraken Futures against Bybit+0.764%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
Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Kraken Futures is 0.764% dearer against Bybit than usual: you sell high and buy low: +$76 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STEEMUSDT | 0.05737 | 0.1636 | pay 0.0818% / 4h | 1h 52m | $1.3M | $1.1M | 13x |
| Short | Kraken Futures PF_STEEMUSD | 0.05781 | 0.3148 | get 0.0394% / 1h | 52m 52s | $8K | $5K | 10x |
Bybit STEEMUSDT
Kraken Futures PF_STEEMUSDFunding 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
- $317.55
- Price spread: +0.764% → 0.000%
- $76.39
- 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
- $372.94
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 3 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, 3 min ago | 7.84 bp | 105.1 bp −$105 | 1120.7 bp −$11.2K | 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.
STEEM 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX STEEM-USDT | +0.0070% | 4h | 0.05755 | +0.314% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05760 | +0.409% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05764 | +0.466% | $2.1M | $3.5M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05763 | +0.453% | $418K | $121K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05756 | +0.331% | $423K | $94K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05760 | +0.401% | $491K | $289K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05749 | +0.210% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05750 | +0.227% | $36K | $41K | 20x | as long as short |
| Gate STEEM_USDT | +0.0354% | 4h | 0.05758 | +0.366% | $278K | $117K | 20x | as long as short |
| Bybit STEEMUSDTlong | +0.1636% | 4h | 0.05737 | long leg | $1.3M | $1.1M | 13x |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Gate STEEM_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSDshort | +0.3148% | 1h | 0.05781 | +0.764% | $8K | $5K | 10x |