Settings8H · net · $10k
Funding arb · Price arb /

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0278%/8h= −30.4% APRpaid last 24h +0.020%
Price spread now: Kraken Futures against Aster+0.016%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1081.085% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$1 on $10k
Price spread, last 3 days (all we have)+0.445%+$45 · spread now +0.016%, 7d avg +0.098%
Together, before fees+0.430%+ Points / potential airdropAster: Stage 5 · farm board+$43 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.081% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.098%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster APEUSDT0.14630.0100pay 0.0100% / 8h57m 58s$122K$22K10x
ShortKraken Futures PF_APEUSD0.1463−0.0178pay 0.0022% / 1h57m 58s$408K$577K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$58.39
Price spread: +0.016% → +0.098%
−$8.14
Slippage, 4 orders
−$90.46
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$174.99
Costs to cover
1.085%
Break-even
never at this rate
Slippage from Aster: live order book, 18 min ago; Kraken Futures: live order book, 20 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 18 min ago6.84 bp30.9 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 20 min ago6.84 bp25.7 bp −$2699.5 bp −$995doesn't fitdoesn't fit

APE on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_APEUSDshort−0.0178%1h0.1463+0.016%$408K$577K20x
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1463+0.029%$1K100xas long as short
dYdX APE-USD0.0000%1h0.1462−0.067%$9K$55xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.573%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−5.795%$1K$12K5.5xas long as short
Hyperliquid APE+0.0100%1h0.1466+0.201%$1.3M$368K5xas long as short
Aster APEUSDTlong+0.0100%8h0.1463long leg$122K$22K10x
Binance APEUSDT+0.0100%8h0.1463+0.016%$4.1M$6.2M50xas long as short
Bybit APEUSDT+0.0100%8h0.1463+0.009%$3.6M$2.6M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1464+0.064%$1.3M$1.3M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.1462−0.052%$631K$291K50xas long as short
MEXC APE_USDT+0.0100%8h0.1462−0.052%$4.1M$921K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1461−0.121%$1.8M$1.9M50xas long as short
Bitget APEUSDT+0.0100%8h0.1463+0.016%$2.1M$546K25xas long as short
BingX APE-USDT+0.0100%8h0.1463+0.016%$13.4Mas long as short
Variational Omni APE+0.0100%8h0.1460−0.182%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1462−0.021%$4K$220K10xas long as short
BloFin APE-USDT+0.0112%8h0.1463+0.016%$221K$48K75xas long as short
Deribit APE_USDC-PERPETUAL+0.0434%1h0.1464+0.084%$11K$18K25xas long as short
Coinbase International APE-PERP-INTX+0.0776%1h0.1465+0.153%$99K$7K25xas long as short