Funding you earn now, next payment 01:00 UTC−0.1128%/8h= −123.5% APRnext payment −$1.41 per $10,000 · paid last 24h −0.172%
Price spread now: Kraken Futures against Coinbase International−0.488%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1281.278% of the position
Funding, last 7 days−0.626%−$63 on $10k
+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 −$34 a day on $10k at the current rate, and Kraken Futures is 0.488% cheaper against Coinbase International than usual: you would sell low and buy high (−$49 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.626% in total (about -32.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.41 per $10,000. 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 | Coinbase International APE-PERP-INTX | 0.1484 | 0.0904 | pay 0.0113% / 1h | 24m 57s | $100K | $7K | 25x |
| Short | Kraken Futures PF_APEUSD | 0.1477 | −0.0224 | pay 0.0028% / 1h | 24m 57s | $411K | $606K | 20x |
Coinbase International APE-PERP-INTX
Kraken Futures PF_APEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- −$236.79
- Price spread: −0.488% → 0.000%
- −$48.8
- Slippage, 4 orders
- −$107.81
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$413.4
- Costs to cover
- 1.278%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 38 min ago; Kraken Futures: live order book, 43 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 Coinbase International live order book, 38 min ago | 13.51 bp | 18.5 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 43 min ago | 10.10 bp | 35.7 bp −$36 | 119.3 bp −$1,193 | doesn't fit | doesn't fit |
APE on 19 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 | −0.0224% | 1h | 0.1477 | −0.488% | $411K | $606K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1477 | −0.490% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.777% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1477 | −0.472% | $11K | $18K | 25x | as long as short |
| dYdX APE-USD | +0.0005% | 1h | 0.1479 | −0.364% | $9K | $5 | 5x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −7.143% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1478 | −0.398% | $1.3M | $378K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1477 | −0.475% | $123K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1477 | −0.485% | $4.1M | $6.6M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1477 | −0.465% | $3.7M | $3.0M | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Deribit APE_USDC-PERPETUAL
dYdX APE-USD
Injective APE/USDC PERP
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1477 | −0.465% | $1.3M | $1.4M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1477 | −0.465% | $635K | $309K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1476 | −0.539% | $4.3M | $885K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1477 | −0.472% | $1.8M | $2.6M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1477 | −0.472% | $2.1M | $571K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1477 | −0.472% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1479 | −0.357% | $8K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1477 | −0.498% | $4K | $206K | 10x | as long as short |
| Coinbase International APE-PERP-INTXlong | +0.0904% | 1h | 0.1484 | long leg | $100K | $7K | 25x |
OKX APE-USDT-SWAP
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD