Funding you earn now, next payment 07:00 UTC−0.1994%/8h= −218.4% APRpaid last 24h −0.174%
Price spread now: Bybit against Kraken Futures−0.154%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 −$60 a day on $10k at the current rate, and Bybit is 0.154% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 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_ZRXUSD | 0.1193 | 0.2094 | pay 0.0262% / 1h | 49m 15s | $38K | $5K | 10x |
| Short | Bybit ZRXUSDT | 0.1191 | 0.0100 | get 0.0100% / 8h | 1h 49m | $1.4M | $339K | 25x |
Kraken Futures PF_ZRXUSD
Bybit ZRXUSDTFunding 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
- −$418.82
- Price spread: −0.154% → 0.000%
- −$15.38
- 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
- −$455.2
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 2 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, 2 min ago | 3.78 bp | 60.4 bp −$60 | 214.8 bp −$2,148 | 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.
ZRX 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZRX-USDT | +0.0060% | 4h | 0.1192 | −0.095% | $92K | $23K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1192 | −0.137% | $1.7M | $1.4M | 50x | as long as short |
| Bybit ZRXUSDTshort | +0.0100% | 8h | 0.1191 | −0.154% | $1.4M | $339K | 25x | |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1193 | −0.011% | $524K | $362K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1191 | −0.162% | $143K | $39K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1192 | −0.095% | $894K | $163K | 50x | as long as short |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1191 | −0.179% | $299K | $58K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1191 | −0.179% | $600K | $138K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1191 | −0.179% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1189 | −0.317% | $23K | $13K | — | as long as short |
BloFin ZRX-USDT
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
MEXC ZRX_USDT
KuCoin ZRXUSDTM
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSDlong | +0.2094% | 1h | 0.1193 | long leg | $38K | $5K | 10x |