Funding you earn now, next payment 23:00 UTC−0.0529%/8h= −57.9% APRpaid last 24h +0.020%
Price spread now: Kraken Futures against Bitget−0.020%7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1221.221% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 3 days (all we have)+0.340%+$34 · spread now −0.020%, 7d avg +0.066%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Kraken Futures is 0.086% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.066%). 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget APEUSDT | 0.1459 | 0.0100 | pay 0.0100% / 8h | 1h 52m | $2.1M | $538K | 25x |
| Short | Kraken Futures PF_APEUSD | 0.1459 | −0.0429 | pay 0.0054% / 1h | 52m 55s | $409K | $571K | 20x |
Bitget APEUSDT
Kraken Futures PF_APEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$111.03
- Price spread: −0.020% → +0.066%
- −$8.62
- Slippage, 4 orders
- −$100.15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$241.8
- Costs to cover
- 1.221%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Kraken Futures: live order book, 30 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 Bitget live order book, 4 min ago | 6.85 bp | 24.8 bp −$25 | 136.9 bp −$1,369 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 30 min ago | 6.83 bp | 31.4 bp −$31 | 96.9 bp −$969 | 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 | 0.1459 | −0.020% | $409K | $571K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1459 | −0.015% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.353% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −5.552% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDT | +0.0096% | 8h | 0.1464 | +0.343% | $223K | $48K | 75x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1460 | +0.082% | $1.3M | $364K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1460 | +0.044% | $121K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1459 | −0.030% | $4.1M | $6.1M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1460 | +0.048% | $3.7M | $2.5M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1459 | −0.027% | $1.3M | $1.3M | 20x | as long as short |
GMX APE/USD [APE-USDC]
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 | 0.1460 | +0.069% | $630K | $290K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1459 | 0.000% | $3.8M | $843K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1459 | 0.000% | $1.8M | $1.8M | 50x | as long as short |
| Bitget APEUSDTlong | +0.0100% | 8h | 0.1459 | long leg | $2.1M | $538K | 25x | |
| BingX APE-USDT | +0.0100% | 8h | 0.1460 | +0.069% | — | $13.4M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1459 | +0.002% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1459 | +0.005% | $4K | $220K | 10x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0436% | 1h | 0.1459 | 0.000% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0688% | 1h | 0.1470 | +0.754% | $99K | $7K | 25x | as long as short |
| dYdX APE-USD | +0.1103% | 1h | 0.1457 | −0.103% | $9K | $5 | 5x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
BingX APE-USDT
Variational Omni APE
Extended APE-USD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX
dYdX APE-USD