Funding you earn now, next payment 02:00 UTC+0.0323%/8h= +35.4% APRpaid last 24h −0.011%
Price spread now: Binance against Kraken Futures−0.035%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1111.108% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 3 days (all we have)−0.176%−$18 · spread now −0.035%, 7d avg −0.088%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.052% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.088%. Mind the row above: over the last 7 days funding on this pair cost −0.089%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.7% 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 | Kraken Futures PF_APEUSD | 0.1479 | −0.0223 | get 0.0028% / 1h | 49m 18s | $411K | $603K | 20x |
| Short | Binance APEUSDT | 0.1478 | 0.0100 | get 0.0100% / 8h | 6h 49m | $4.1M | $6.6M | 50x |
Kraken Futures PF_APEUSD
Binance APEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $67.9
- Price spread: −0.035% → −0.088%
- $5.24
- Slippage, 4 orders
- −$90.76
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$37.62
- Costs to cover
- 1.108%
- Break-even
- 10.9 days
Slippage from Kraken Futures: live order book, 19 min ago; Binance: live order book, 4 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 Kraken Futures live order book, 19 min ago | 10.10 bp | 35.0 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 3.40 bp | 21.4 bp −$21 | 86.7 bp −$867 | 1426.8 bp −$142.7K | 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_APEUSDlong | −0.0223% | 1h | 0.1479 | long leg | $411K | $603K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1479 | +0.001% | $1K | — | 100x | as long as short |
| dYdX APE-USD | 0.0000% | 1h | 0.1477 | −0.076% | $9K | $5 | 5x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.470% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1479 | +0.033% | $11K | $18K | 25x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.799% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDT | +0.0076% | 8h | 0.1477 | −0.103% | $220K | $54K | 75x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1480 | +0.093% | $1.3M | $387K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1479 | +0.019% | $123K | $22K | 10x | as long as short |
| Binance APEUSDTshort | +0.0100% | 8h | 0.1478 | −0.035% | $4.1M | $6.6M | 50x |
GMX APE/USD [APE-USDC]
dYdX APE-USD
Reya APERUSDPERP
Deribit APE_USDC-PERPETUAL
Injective APE/USDC PERP
BloFin APE-USDT
Hyperliquid APE
Aster APEUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APEUSDT | +0.0100% | 8h | 0.1479 | +0.026% | $3.7M | $3.0M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1480 | +0.114% | $1.3M | $1.4M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1479 | +0.019% | $635K | $307K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1478 | −0.035% | $4.3M | $881K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1477 | −0.103% | $1.8M | $2.5M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1479 | +0.033% | $2.1M | $574K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1478 | −0.035% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1477 | −0.135% | $8K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1478 | −0.024% | $4K | $205K | 10x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0904% | 1h | 0.1480 | +0.100% | $100K | $7K | 25x | as long as short |
Bybit APEUSDT
OKX APE-USDT-SWAP
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
Coinbase International APE-PERP-INTX