Funding you earn now, next payment 00:00 UTC+0.0278%/8h= +30.4% APRpaid last 24h −0.020%
Price spread now: Bitget against Kraken Futures0.000%48s7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1011.012% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 3 days (all we have)−0.275%−$27 · spread now 0.000%, 7d avg −0.065%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bitget is 0.064% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.065%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
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 | Kraken Futures PF_APEUSD | 0.1463 | −0.0178 | get 0.0022% / 1h | 57m 22s | $408K | $577K | 20x |
| Short | Bitget APEUSDT | 0.1463 | 0.0100 | get 0.0100% / 8h | 57m 22s | $2.1M | $546K | 25x |
Kraken Futures PF_APEUSD
Bitget APEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $58.39
- Price spread: 0.000% → −0.065%
- $6.42
- Slippage, 4 orders
- −$79.17
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$36.36
- Costs to cover
- 1.012%
- Break-even
- 11.4 days
Slippage from Kraken Futures: live order book, 21 min ago; Bitget: live order book, 5 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, 21 min ago | 6.84 bp | 25.6 bp −$26 | 148.8 bp −$1,488 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 6.84 bp | 30.7 bp −$31 | 138.6 bp −$1,386 | 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_APEUSDlong | −0.0178% | 1h | 0.1463 | long leg | $408K | $577K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1463 | +0.013% | $1K | — | 100x | as long as short |
| dYdX APE-USD | 0.0000% | 1h | 0.1462 | −0.084% | $9K | $5 | 5x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.587% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −5.810% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1466 | +0.184% | $1.3M | $368K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1463 | −0.019% | $122K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1463 | −0.016% | $4.1M | $6.2M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1463 | −0.014% | $3.6M | $2.6M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1464 | +0.048% | $1.3M | $1.3M | 20x | as long as short |
GMX APE/USD [APE-USDC]
dYdX APE-USD
Reya APERUSDPERP
Injective APE/USDC PERP
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 | 0.1462 | −0.069% | $631K | $291K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1462 | −0.069% | $4.1M | $921K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1461 | −0.137% | $1.8M | $2.0M | 50x | as long as short |
| Bitget APEUSDTshort | +0.0100% | 8h | 0.1463 | 0.000% | $2.1M | $546K | 25x | |
| BingX APE-USDT | +0.0100% | 8h | 0.1463 | 0.000% | — | $13.4M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1460 | −0.198% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1462 | −0.038% | $4K | $220K | 10x | as long as short |
| BloFin APE-USDT | +0.0112% | 8h | 0.1463 | 0.000% | $221K | $48K | 75x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0434% | 1h | 0.1464 | +0.068% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0776% | 1h | 0.1465 | +0.136% | $99K | $7K | 25x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
BingX APE-USDT
Variational Omni APE
Extended APE-USD
BloFin APE-USDT
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX