Funding you earn now, next payment 07:00 UTC−0.0547%/8h= −59.9% APRpaid last 24h −0.892%
Price spread now: Kraken Futures against Bybit+0.026%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 0.026% dearer against Bybit than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TUSDT | 0.005266 | −0.1317 | get 0.0659% / 4h | 1h 48m | $1.6M | $1.6M | 25x |
| Short | Kraken Futures PF_TUSD | 0.005267 | −0.1865 | pay 0.0233% / 1h | 48m 39s | $4K | $4K | 10x |
Bybit TUSDT
Kraken Futures PF_TUSDFunding 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
- −$114.94
- Price spread: +0.026% → 0.000%
- $2.6
- 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
- −$133.34
- Costs to cover
- 0.210%
- Break-even
- never at this rate
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 | 2.84 bp | 45.8 bp −$46 | 451.1 bp −$4,511 | 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.
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSDshort | −0.1865% | 1h | 0.005267 | +0.026% | $4K | $4K | 10x | |
| Bybit TUSDTlong | −0.1317% | 4h | 0.005266 | long leg | $1.6M | $1.6M | 25x | |
| Gate T_USDT | −0.0826% | 4h | 0.005268 | +0.038% | $211K | $92K | 20x | as long as short |
| Variational Omni T | −0.0697% | 4h | 0.005276 | +0.183% | $7K | $6K | — | as long as short |
| Bitget TUSDT | −0.0396% | 4h | 0.005252 | −0.266% | $908K | $604K | 50x | as long as short |
| Binance TUSDT | −0.0356% | 4h | 0.005258 | −0.152% | $3.2M | $7.7M | 50x | as long as short |
| MEXC T_USDT | −0.0322% | 4h | 0.005258 | −0.152% | $3.1M | $226K | 20x | as long as short |
| KuCoin TUSDTM | −0.0112% | 4h | 0.005263 | −0.057% | $1.3M | $94K | 12x | as long as short |
Gate T_USDT
Variational Omni T
Bitget TUSDT
Binance TUSDT
MEXC T_USDT
KuCoin TUSDTM