Funding you earn now, next payment 01:00 UTC+0.0311%/8h= +34.1% APRpaid last 24h −0.014%
Price spread now: MEXC against Kraken Futures−0.065%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$680.681% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 3 days (all we have)−0.152%−$15 · spread now −0.065%, 7d avg −0.097%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and MEXC is 0.032% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.097%. Mind the row above: over the last 7 days funding on this pair cost −0.083%, 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 -0.083% in total (about -4.3% 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 | 36m 59s | $409K | $600K | 20x |
| Short | MEXC APE_USDT | 0.1469 | 0.0100 | get 0.0100% / 8h | 7h 36m | $4.3M | $948K | 50x |
Kraken Futures PF_APEUSD
MEXC APE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.065% → −0.097%
- $3.16
- Slippage, 4 orders
- −$58.15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $0.41
- Costs to cover
- 0.681%
- Break-even
- 7.0 days
Slippage from Kraken Futures: live order book, 36 min ago; MEXC: 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, 36 min ago | 10.28 bp | 27.6 bp −$28 | 172.4 bp −$1,724 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 3.40 bp | 6.8 bp −$7 | 40.6 bp −$406 | 177.4 bp −$17.7K | 231.4 bp −$115.7K |
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 | $600K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1470 | −0.019% | $1K | — | 100x | as long as short |
| dYdX APE-USD | 0.0000% | 1h | 0.1469 | −0.046% | $9K | $5 | 5x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.986% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1470 | +0.003% | $11K | $18K | 25x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.256% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1471 | +0.091% | $1.3M | $367K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1469 | −0.072% | $122K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1469 | −0.044% | $4.1M | $6.3M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1470 | −0.017% | $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 | 0.1470 | +0.003% | $1.3M | $1.4M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1469 | −0.058% | $627K | $299K | 50x | as long as short |
| MEXC APE_USDTshort | +0.0100% | 8h | 0.1469 | −0.065% | $4.3M | $948K | 50x | |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1469 | −0.065% | $1.8M | $2.3M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1470 | +0.003% | $2.1M | $549K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1469 | −0.065% | — | $13.0M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1471 | +0.066% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1469 | −0.068% | $6K | $241K | 10x | as long as short |
| BloFin APE-USDT | +0.0104% | 8h | 0.1467 | −0.201% | $221K | $49K | 75x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0840% | 1h | 0.1475 | +0.343% | $99K | $7K | 25x | as long as short |
OKX APE-USDT-SWAP
Gate APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
BloFin APE-USDT
Coinbase International APE-PERP-INTX