Funding you earn now, next payment 01:00 UTC+0.0311%/8h= +34.1% APRpaid last 24h −0.014%
Price spread now: Bybit against Kraken Futures−0.038%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1001.004% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 3 days (all we have)−0.213%−$21 · spread now −0.038%, 7d avg −0.099%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.060% 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 −0.099%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% 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 | 0.1472 | −0.0211 | get 0.0026% / 1h | 40m 40s | $412K | $602K | 20x |
| Short | Bybit APEUSDT | 0.1472 | 0.0100 | get 0.0100% / 8h | 7h 40m | $3.7M | $2.7M | 50x |
Kraken Futures PF_APEUSD
Bybit APEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $65.33
- Price spread: −0.038% → −0.099%
- $6.02
- Slippage, 4 orders
- −$79.36
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$29.01
- Costs to cover
- 1.004%
- Break-even
- 10.1 days
Slippage from Kraken Futures: live order book, 32 min ago; Bybit: live order book, 2 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, 32 min ago | 10.28 bp | 27.6 bp −$28 | 172.4 bp −$1,724 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.70 bp | 20.7 bp −$21 | 49.7 bp −$497 | 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 | −0.0211% | 1h | 0.1472 | long leg | $412K | $602K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1471 | −0.052% | $1K | — | 100x | as long as short |
| dYdX APE-USD | 0.0000% | 1h | 0.1471 | −0.043% | $9K | $5 | 5x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.106% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.390% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1473 | +0.043% | $1.3M | $372K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1471 | −0.062% | $122K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1471 | −0.049% | $4.2M | $6.2M | 50x | as long as short |
| Bybit APEUSDTshort | +0.0100% | 8h | 0.1472 | −0.038% | $3.7M | $2.7M | 50x | |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1472 | +0.009% | $1.3M | $1.4M | 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
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 | 0.1472 | +0.002% | $628K | $298K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1471 | −0.072% | $4.3M | $948K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1471 | −0.072% | $1.8M | $2.3M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1473 | +0.063% | $2.1M | $552K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1471 | −0.072% | — | $13.0M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1471 | −0.078% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1471 | −0.067% | $4K | $257K | 10x | as long as short |
| BloFin APE-USDT | +0.0117% | 8h | 0.1470 | −0.140% | $221K | $49K | 75x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0430% | 1h | 0.1472 | −0.004% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0840% | 1h | 0.1475 | +0.199% | $99K | $7K | 25x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
BloFin APE-USDT
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX