Funding you earn now, next payment 05:00 UTC+0.0885%/8h= +96.9% APRpaid last 24h +0.005%
Price spread now: Kraken Futures against OKX+0.026%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1131.132% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)+0.262%+$26 · spread now +0.026%, 7d avg +0.078%
=Funding pays, the price is against you. Kraken Futures is 0.052% cheaper against OKX than usual: you would sell low and buy high (spread +0.026% now, against its 7-day average of +0.078%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.083% in total) that is about 4.4 days.
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 | OKX APE-USDT-SWAP | 0.1473 | 0.0100 | pay 0.0100% / 8h | 3h 02m | $1.3M | $1.5M | 20x |
| Short | Kraken Futures PF_APEUSD | 0.1474 | 0.0985 | get 0.0123% / 1h | 2m 16s | $403K | $644K | 20x |
OKX APE-USDT-SWAP
Kraken Futures PF_APEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $185.79
- Price spread: +0.026% → +0.078%
- −$5.19
- Slippage, 4 orders
- −$93.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $67.37
- Costs to cover
- 1.132%
- Break-even
- 4.5 days
Slippage from OKX: live order book, 4 min ago; Kraken Futures: live order book, 51 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 OKX live order book, 4 min ago | 3.71 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 51 min ago | 10.13 bp | 25.3 bp −$25 | 84.8 bp −$848 | 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 | 0.1473 | −0.045% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.173% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.468% | $1K | $12K | 5.5x | as long as short |
| dYdX APE-USD | +0.0096% | 1h | 0.1476 | +0.198% | $9K | $5 | 5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1476 | +0.190% | $1.3M | $383K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1474 | +0.043% | $123K | $20K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1473 | +0.010% | $4.1M | $7.0M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1474 | +0.034% | $3.6M | $3.1M | 50x | as long as short |
| OKX APE-USDT-SWAPlong | +0.0100% | 8h | 0.1473 | long leg | $1.3M | $1.5M | 20x | |
| Gate APE_USDT | +0.0100% | 8h | 0.1474 | +0.048% | $633K | $316K | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
dYdX APE-USD
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDT
Gate APE_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC APE_USDT | +0.0100% | 8h | 0.1473 | −0.020% | $4.3M | $878K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1474 | +0.048% | $1.8M | $3.4M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1474 | +0.048% | $2.1M | $587K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1474 | +0.048% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1481 | +0.539% | $8K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1473 | −0.001% | $7K | $206K | 10x | as long as short |
| BloFin APE-USDT | +0.0143% | 8h | 0.1481 | +0.523% | $217K | $59K | 75x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0429% | 1h | 0.1474 | +0.048% | $9K | $21K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0880% | 1h | 0.1496 | +1.541% | $101K | $8K | 25x | as long as short |
| Kraken Futures PF_APEUSDshort | +0.0985% | 1h | 0.1474 | +0.026% | $403K | $644K | 20x |
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