Funding you earn now, next payment 04:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h −0.079%
Price spread now: Kraken Futures against Bybit+0.183%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$780.783% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)+2.971%+$297 · spread now +0.183%, 7d avg +0.117%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.066% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.117%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% 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 | Bybit APTUSDT | 0.7641 | 0.0100 | pay 0.0100% / 8h | 4h 52m | $27.3M | $38.8M | 50x |
| Short | Kraken Futures PF_APTUSD | 0.7655 | 0.0317 | get 0.0040% / 1h | 52m 05s | $528K | $639K | 50x |
Bybit APTUSDT
Kraken Futures PF_APTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $45.49
- Price spread: +0.183% → +0.117%
- $6.62
- Slippage, 4 orders
- −$57.34
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$26.24
- Costs to cover
- 0.783%
- Break-even
- 11.0 days
Slippage from Bybit: live order book, 2 min ago; Kraken Futures: live order book, 6 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 Bybit live order book, 2 min ago | 0.65 bp | 12.0 bp −$12 | 22.7 bp −$227 | 86.1 bp −$8,614 | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 10.46 bp | 21.1 bp −$21 | 78.5 bp −$785 | doesn't fit | doesn't fit |
APT on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit APT_USDC-PERPETUAL | −0.0011% | 1h | 0.7656 | +0.196% | $22K | $439K | 50x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7659 | +0.236% | $21K | — | 150x | as long as short |
| Orderly PERP_APT_USDC | +0.0014% | 8h | 0.7653 | +0.157% | $10K | $7K | 10x | as long as short |
| Variational Omni APT | +0.0033% | 8h | 0.7688 | +0.618% | $513K | $415K | — | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.819% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7654 | +0.170% | $409K | $419K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7656 | +0.196% | $5.3M | $6.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7654 | +0.169% | $99K | $958K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7646 | +0.069% | $27.9M | $105.9M | 75x | as long as short |
| Bybit APTUSDTlong | +0.0100% | 8h | 0.7641 | long leg | $27.3M | $38.8M | 50x |
Deribit APT_USDC-PERPETUAL
gTrade (Gains Network) APT/USD
Orderly PERP_APT_USDC
Variational Omni APT
Injective APT/USDC PERP
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7644 | +0.039% | $5.7M | $24.6M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7656 | +0.196% | $2.6M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7651 | +0.131% | $28.8M | $15.2M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7653 | +0.157% | $5.1M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7642 | +0.013% | $8.5M | $12.7M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7643 | +0.026% | — | $26.0M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7656 | +0.196% | $189K | $381K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7670 | +0.380% | $62K | $581K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7656 | +0.196% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7654 | +0.170% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7699 | +0.759% | $260K | $118K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7640 | −0.014% | $83K | $483K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7659 | +0.241% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7655 | +0.184% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7693 | +0.681% | $1.4M | $948K | 75x | as long as short |
| Kraken Futures PF_APTUSDshort | +0.0317% | 1h | 0.7655 | +0.183% | $528K | $639K | 50x | |
| Coinbase International APT-PERP-INTX | +0.0328% | 1h | 0.7660 | +0.249% | $220K | $492K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0484% | 1h | 0.7659 | +0.237% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0901% | 1h | 0.7680 | +0.506% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.4744% | 1h | 0.7790 | +1.950% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD