Funding you earn now, next payment 01:00 UTC+0.0326%/8h= +35.7% APRpaid last 24h −0.010%
Price spread now: BloFin against Kraken Futures−0.139%57s7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as 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−$970.966% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 3 days (all we have)−0.206%−$21 · spread now −0.139%, 7d avg −0.081%
=Funding pays, the price is against you. BloFin is 0.058% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of −0.081%). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour. The two prices were read 57 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 -0.060% in total (about -3.1% 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 | Kraken Futures PF_APEUSD | 0.1469 | −0.0212 | get 0.0026% / 1h | 38m 16s | $409K | $600K | 20x |
| Short | BloFin APE-USDT | 0.1467 | 0.0114 | get 0.0114% / 8h | 7h 38m | $221K | $49K | 75x |
Kraken Futures PF_APEUSD
BloFin APE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $68.44
- Price spread: −0.139% → −0.081%
- −$5.8
- Slippage, 4 orders
- −$74.63
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$33.98
- Costs to cover
- 0.966%
- Break-even
- 10.5 days
Slippage from Kraken Futures: live order book, 35 min ago; BloFin: live order book, 27 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, 35 min ago | 10.28 bp | 27.6 bp −$28 | 172.4 bp −$1,724 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 10.28 bp | 23.6 bp −$24 | 51.4 bp −$514 | 316.2 bp −$31.6K | 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 | −0.0212% | 1h | 0.1469 | long leg | $409K | $600K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1468 | −0.060% | $1K | — | 100x | as long as short |
| dYdX APE-USD | 0.0000% | 1h | 0.1468 | −0.083% | $9K | $5 | 5x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.933% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1468 | −0.071% | $11K | $18K | 25x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.197% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1470 | +0.052% | $1.3M | $367K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1468 | −0.075% | $122K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1468 | −0.042% | $4.1M | $6.3M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1468 | −0.043% | $3.7M | $2.7M | 50x | as long as short |
GMX APE/USD [APE-USDC]
dYdX APE-USD
Reya APERUSDPERP
Deribit APE_USDC-PERPETUAL
Injective APE/USDC PERP
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1469 | +0.011% | $1.3M | $1.4M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1469 | +0.004% | $627K | $299K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1468 | −0.071% | $4.3M | $948K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1468 | −0.071% | $1.8M | $2.3M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1470 | +0.066% | $2.1M | $549K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1468 | −0.071% | — | $13.0M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1471 | +0.128% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1468 | −0.071% | $8K | $247K | 10x | as long as short |
| BloFin APE-USDTshort | +0.0114% | 8h | 0.1467 | −0.139% | $221K | $49K | 75x | |
| Coinbase International APE-PERP-INTX | +0.0840% | 1h | 0.1475 | +0.406% | $99K | $7K | 25x | as long as short |
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