Funding you earn now, next payment 01:00 UTC+0.0311%/8h= +34.1% APRpaid last 24h −0.019%
Price spread now: KuCoin against Kraken Futures−0.070%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1511.514% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 3 days (all we have)−0.147%−$15 · spread now −0.070%, 7d avg −0.125%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and KuCoin is 0.055% 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 −0.125%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% 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 | 0.1470 | −0.0211 | get 0.0026% / 1h | 32m 07s | $409K | $599K | 20x |
| Short | KuCoin APEUSDTM | 0.1469 | 0.0100 | get 0.0100% / 8h | 7h 32m | $1.8M | $2.3M | 50x |
Kraken Futures PF_APEUSD
KuCoin APEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $65.39
- Price spread: −0.070% → −0.125%
- $5.53
- Slippage, 4 orders
- −$129.36
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$80.44
- Costs to cover
- 1.514%
- Break-even
- 15.6 days
Slippage from Kraken Futures: live order book, 41 min ago; KuCoin: 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, 41 min ago | 10.28 bp | 27.6 bp −$28 | 172.4 bp −$1,724 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 6.81 bp | 45.3 bp −$45 | 141.1 bp −$1,411 | 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 | 0.1470 | long leg | $409K | $599K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1468 | −0.153% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.990% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1469 | −0.070% | $11K | $18K | 25x | as long as short |
| dYdX APE-USD | +0.0027% | 1h | 0.1469 | −0.051% | $9K | $5 | 5x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.260% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDT | +0.0099% | 8h | 0.1472 | +0.134% | $221K | $49K | 75x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1471 | +0.087% | $1.3M | $368K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1468 | −0.140% | $122K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1469 | −0.060% | $4.1M | $6.3M | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Deribit APE_USDC-PERPETUAL
dYdX APE-USD
Injective APE/USDC PERP
BloFin APE-USDT
Hyperliquid APE
Aster APEUSDT
Binance APEUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APEUSDT | +0.0100% | 8h | 0.1469 | −0.056% | $3.6M | $2.7M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1470 | −0.029% | $1.3M | $1.4M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1469 | −0.063% | $627K | $299K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1469 | −0.070% | $4.3M | $949K | 50x | as long as short |
| KuCoin APEUSDTMshort | +0.0100% | 8h | 0.1469 | −0.070% | $1.8M | $2.3M | 50x | |
| Bitget APEUSDT | +0.0100% | 8h | 0.1470 | −0.002% | $2.1M | $548K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1469 | −0.070% | — | $13.0M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1470 | −0.007% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1469 | −0.094% | $5K | $230K | 10x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0840% | 1h | 0.1475 | +0.338% | $99K | $7K | 25x | as long as short |
Bybit APEUSDT
OKX APE-USDT-SWAP
Gate APE_USDT
MEXC APE_USDT
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
Coinbase International APE-PERP-INTX