Funding you earn now, next payment 09:00 UTC−0.0256%/8h= −28.0% APRpaid last 24h −0.023%
Price spread now: OKX against Kraken Futures+0.064%45s7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as 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−$1221.219% of the position
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 4 days (all we have)−0.650%−$65 · spread now +0.064%, 7d avg −0.070%
=The price spread pays, funding is against you. OKX is 0.133% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of −0.070%): +$13 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 7 days (−0.111% in total) that is about 8.4 days. The two prices were read 45 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 -0.111% in total (about -5.8% 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 | 0.1467 | 0.0356 | pay 0.0044% / 1h | 48m 29s | $400K | $695K | 20x |
| Short | OKX APE-USDT-SWAP | 0.1468 | 0.0100 | get 0.0100% / 8h | 7h 48m | $1.3M | $1.5M | 20x |
Kraken Futures PF_APEUSD
OKX APE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$53.74
- Price spread: +0.064% → −0.070%
- $13.35
- Slippage, 4 orders
- −$101.93
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$162.32
- Costs to cover
- 1.219%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 50 min ago; OKX: live order book, 3 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, 50 min ago | 10.18 bp | 43.2 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.05 bp | 22.6 bp −$23 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1466 | −0.111% | $1K | — | 100x | as long as short |
| dYdX APE-USD | 0.0000% | 1h | 0.1465 | −0.183% | $9K | — | 5x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.835% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1466 | −0.093% | $5K | $24K | 25x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.090% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDT | +0.0070% | 8h | 0.1467 | −0.025% | $217K | $59K | 75x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1467 | +0.009% | $1.3M | $374K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1466 | −0.065% | $122K | $20K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1468 | +0.017% | $4.1M | $7.3M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1467 | −0.025% | $3.6M | $2.9M | 50x | as long as short |
GMX APE/USD [APE-USDC]
dYdX APE-USD
Reya APERUSDPERP
Deribit APE_USDC-PERPETUAL
Injective APE/USDC PERP
BloFin APE-USDT
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-SWAPshort | +0.0100% | 8h | 0.1468 | +0.064% | $1.3M | $1.5M | 20x | |
| Gate APE_USDT | +0.0100% | 8h | 0.1466 | −0.086% | $634K | $306K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1466 | −0.093% | $4.2M | $760K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1465 | −0.161% | $1.8M | $4.1M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1468 | +0.043% | $2.1M | $608K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1466 | −0.093% | — | $13.0M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1466 | −0.120% | $5K | $14K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1466 | −0.080% | $6K | $208K | 10x | as long as short |
| Kraken Futures PF_APEUSDlong | +0.0356% | 1h | 0.1467 | long leg | $400K | $695K | 20x | |
| Coinbase International APE-PERP-INTX | +0.1104% | 1h | 0.1463 | −0.298% | $99K | $8K | 25x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
Coinbase International APE-PERP-INTX