Funding you earn now, next payment 23:00 UTC−0.0529%/8h= −58.0% APRpaid last 24h +0.020%
Price spread now: Kraken Futures against Binance+0.002%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$870.874% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 3 days (all we have)+0.310%+$31 · spread now +0.002%, 7d avg +0.090%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Kraken Futures is 0.087% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.090%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.076%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance APEUSDT | 0.1456 | 0.0100 | pay 0.0100% / 8h | 1h 10m | $4.1M | $6.2M | 50x |
| Short | Kraken Futures PF_APEUSD | 0.1457 | −0.0429 | pay 0.0054% / 1h | 10m 08s | $404K | $574K | 20x |
Binance APEUSDT
Kraken Futures PF_APEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$111.16
- Price spread: +0.002% → +0.090%
- −$8.74
- Slippage, 4 orders
- −$67.4
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$207.31
- Costs to cover
- 0.874%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Kraken Futures: live order book, 8 min ago.
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 Binance live order book, 13 min ago | 3.42 bp | 17.6 bp −$18 | 83.6 bp −$836 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 8 min ago | 6.84 bp | 25.7 bp −$26 | 99.5 bp −$995 | doesn't fit | doesn't fit |
APE on 20 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_APEUSDshort | −0.0429% | 1h | 0.1457 | +0.002% | $404K | $574K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1458 | +0.086% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.207% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1455 | −0.101% | $11K | $18K | 25x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −5.388% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1459 | +0.139% | $1.3M | $368K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1456 | −0.054% | $121K | $22K | 10x | as long as short |
| Binance APEUSDTlong | +0.0100% | 8h | 0.1456 | long leg | $4.1M | $6.2M | 50x | |
| Bybit APEUSDT | +0.0100% | 8h | 0.1456 | −0.067% | $3.6M | $2.6M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1456 | −0.032% | $1.3M | $1.3M | 20x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Deribit APE_USDC-PERPETUAL
Injective APE/USDC PERP
Hyperliquid APE
Aster APEUSDT
Bybit APEUSDT
OKX APE-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate APE_USDT | +0.0100% | 8h | 0.1456 | −0.060% | $628K | $293K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1455 | −0.101% | $3.7M | $862K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1455 | −0.101% | $1.8M | $1.9M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1456 | −0.032% | $2.1M | $531K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1456 | −0.032% | — | $13.5M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1459 | +0.150% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1455 | −0.088% | $4K | $220K | 10x | as long as short |
| BloFin APE-USDT | +0.0111% | 8h | 0.1459 | +0.174% | $221K | $48K | 75x | as long as short |
| dYdX APE-USD | +0.0278% | 1h | 0.1459 | +0.160% | $9K | $5 | 5x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0688% | 1h | 0.1466 | +0.654% | $99K | $7K | 25x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
BloFin APE-USDT
dYdX APE-USD
Coinbase International APE-PERP-INTX