Funding you earn now, next payment 03:00 UTC−0.1384%/8h= −151.6% APRpaid last 24h +0.443%
Price spread now: Bybit against Kraken Futures−0.743%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
Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and Bybit is 0.743% cheaper against Kraken Futures than usual: you would sell low and buy high (−$74 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_STEEMUSD | 0.05771 | 0.3154 | pay 0.0394% / 1h | 57m 11s | $8K | $5K | 10x |
| Short | Bybit STEEMUSDT | 0.05728 | 0.1769 | get 0.0885% / 4h | 1h 57m | $1.3M | $1.1M | 13x |
Kraken Futures PF_STEEMUSD
Bybit STEEMUSDTFunding 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
- −$290.74
- Price spread: −0.743% → 0.000%
- −$74.34
- 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
- −$386.09
- Costs to cover
- 0.210%
- Break-even
- never at this rate
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 | 4.36 bp | 100.4 bp −$100 | 172.9 bp −$1,729 | 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.
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 | 0.05754 | −0.293% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05755 | −0.280% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05753 | −0.310% | $2.1M | $3.5M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05755 | −0.276% | $417K | $121K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05749 | −0.380% | $422K | $94K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05756 | −0.258% | $490K | $289K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05737 | −0.588% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05750 | −0.362% | $36K | $41K | 20x | as long as short |
| Gate STEEM_USDT | +0.0352% | 4h | 0.05754 | −0.293% | $278K | $117K | 20x | as long as short |
| Bybit STEEMUSDTshort | +0.1769% | 4h | 0.05728 | −0.743% | $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_STEEMUSDlong | +0.3154% | 1h | 0.05771 | long leg | $8K | $5K | 10x |