Funding you earn now, next payment 03:00 UTC−0.0013%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.155%
Price spread now: Kraken Futures against Coinbase International−0.340%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1551.546% of the position
Funding, last 7 days−0.406%−$41 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.340%, 7d avg −0.112%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Kraken Futures is 0.228% cheaper against Coinbase International than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.112%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International APT-PERP-INTX | 0.7730 | 0.0328 | pay 0.0041% / 1h | 27m 24s | $222K | $459K | 50x |
| Short | Kraken Futures PF_APTUSD | 0.7704 | 0.0315 | get 0.0039% / 1h | 27m 24s | $533K | $639K | 50x |
Coinbase International APT-PERP-INTX
Kraken Futures PF_APTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- −$2.81
- Price spread: −0.340% → −0.112%
- −$22.77
- Slippage, 4 orders
- −$134.59
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$180.17
- Costs to cover
- 1.546%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 31 min ago; Kraken Futures: live order book, 31 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 Coinbase International live order book, 31 min ago | 10.46 bp | 57.4 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 31 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7699 | −0.399% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7706 | −0.310% | $17K | $443K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0017% | 8h | 0.7705 | −0.323% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +0.647% | $2K | $240K | 12x | as long as short |
| Variational Omni APT | +0.0047% | 8h | 0.7706 | −0.309% | $514K | $415K | — | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7708 | −0.285% | $411K | $421K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7708 | −0.285% | $5.3M | $6.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7708 | −0.290% | $97K | $961K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7708 | −0.281% | $28.2M | $106.7M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7702 | −0.362% | $27.5M | $39.2M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Variational Omni APT
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance APTUSDT
Bybit 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 | 0.7703 | −0.349% | $5.7M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7705 | −0.323% | $2.6M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7706 | −0.310% | $28.9M | $15.2M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7706 | −0.310% | $5.1M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7708 | −0.285% | $8.6M | $12.8M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7708 | −0.285% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7703 | −0.349% | $190K | $381K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7730 | 0.000% | $62K | $581K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7703 | −0.349% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7708 | −0.285% | $72 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7708 | −0.285% | $261K | $117K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7704 | −0.335% | $81K | $486K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7703 | −0.343% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7704 | −0.336% | $16K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7740 | +0.129% | $1.4M | $955K | 75x | as long as short |
| Kraken Futures PF_APTUSDshort | +0.0315% | 1h | 0.7704 | −0.340% | $533K | $639K | 50x | |
| Coinbase International APT-PERP-INTXlong | +0.0328% | 1h | 0.7730 | long leg | $222K | $459K | 50x | |
| Reya APTRUSDPERP | +0.0485% | 1h | 0.7701 | −0.375% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0646% | 1h | 0.7707 | −0.303% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.5080% | 1h | 0.7813 | +1.074% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
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
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD