Funding you earn now, next payment 09:00 UTC+0.0255%/8h= +28.0% APRpaid last 24h +0.023%
Price spread now: Kraken Futures against BingX−0.119%7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1171.171% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.720%+$72 · spread now −0.119%, 7d avg +0.071%
=Funding pays, the price is against you. Kraken Futures is 0.190% cheaper against BingX than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of +0.071%). If the spread goes back, that is −$19 on $10k: about 2.5 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.040% in total) that is about 33 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% 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 | BingX APE-USDT | 0.1471 | 0.0100 | pay 0.0100% / 8h | 7h 22m | — | $13.0M | — |
| Short | Kraken Futures PF_APEUSD | 0.1469 | 0.0355 | get 0.0044% / 1h | 22m 30s | $403K | $691K | 20x |
BingX APE-USDT
Kraken Futures PF_APEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $53.64
- Price spread: −0.119% → +0.071%
- −$19
- Slippage, 4 orders
- −$97.06
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$82.41
- Costs to cover
- 1.171%
- Break-even
- 17.8 days
Slippage from BingX: live order book, 1 min ago; Kraken Futures: live order book, 11 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 BingX live order book, 1 min ago | 6.81 bp | 21.8 bp −$22 | 74.2 bp −$742 | 498.3 bp −$49.8K | doesn't fit |
| Sell Kraken Futures live order book, 11 min ago | 10.26 bp | 27.1 bp −$27 | 99.7 bp −$997 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1468 | −0.225% | $1K | — | 100x | as long as short |
| dYdX APE-USD | 0.0000% | 1h | 0.1469 | −0.110% | $9K | — | 5x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.042% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.322% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDT | +0.0071% | 8h | 0.1465 | −0.408% | $217K | $59K | 75x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1473 | +0.116% | $1.3M | $370K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1471 | −0.022% | $122K | $20K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1472 | +0.035% | $4.1M | $7.2M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1471 | +0.007% | $3.6M | $2.9M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1471 | +0.007% | $1.3M | $1.5M | 20x | as long as short |
GMX APE/USD [APE-USDC]
dYdX APE-USD
Reya APERUSDPERP
Injective APE/USDC PERP
BloFin APE-USDT
Hyperliquid APE
Aster APEUSDT
Binance 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 | 0.1470 | −0.061% | $636K | $308K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1470 | −0.068% | $4.2M | $763K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1471 | 0.000% | $1.8M | $4.2M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1471 | 0.000% | $2.1M | $603K | 25x | as long as short |
| BingX APE-USDTlong | +0.0100% | 8h | 0.1471 | long leg | — | $13.0M | — | |
| Variational Omni APE | +0.0100% | 8h | 0.1458 | −0.903% | $5K | $14K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1471 | −0.026% | $4K | $208K | 10x | as long as short |
| Kraken Futures PF_APEUSDshort | +0.0355% | 1h | 0.1469 | −0.119% | $403K | $691K | 20x | |
| Deribit APE_USDC-PERPETUAL | +0.0431% | 1h | 0.1469 | −0.136% | $5K | $24K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.1104% | 1h | 0.1471 | 0.000% | $99K | $8K | 25x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
Variational Omni APE
Extended APE-USD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX