Funding you earn now, next payment 23:00 UTC+0.0639%/8h= +70.0% APRnext payment +$0.80 per $10,000 · paid last 24h +0.168%
Price spread now: Coinbase International against Kraken Futures+0.079%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1591.588% of the position
Funding, last 7 days+0.408%+$41 on $10k
+Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.079%, 7d avg +0.113%
=Funding pays, the price is against you. Coinbase International is 0.033% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.079% now, against its 7-day average of +0.113%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.408% in total) that is about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.408% in total (about 21.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.80 per $10,000. 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_APTUSD | 0.7973 | −0.0399 | get 0.0050% / 1h | 5m 15s | $552K | $638K | 50x |
| Short | Coinbase International APT-PERP-INTX | 0.7979 | 0.0240 | get 0.0030% / 1h | 5m 15s | $211K | $580K | 50x |
Kraken Futures PF_APTUSD
Coinbase International APT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $134.22
- Price spread: +0.079% → +0.113%
- −$3.32
- Slippage, 4 orders
- −$138.75
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$27.85
- Costs to cover
- 1.588%
- Break-even
- 8.5 days
Slippage from Kraken Futures: live order book, 8 min ago; Coinbase International: live order book, 8 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, 8 min ago | 9.41 bp | 45.7 bp −$46 | 103.7 bp −$1,037 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 8 min ago | 15.06 bp | 40.1 bp −$40 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APTUSDlong | −0.0399% | 1h | 0.7973 | long leg | $552K | $638K | 50x | |
| Variational Omni APT | −0.0036% | 8h | 0.7947 | −0.317% | $520K | $322K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0009% | 8h | 0.7955 | −0.222% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7956 | −0.209% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7959 | −0.172% | $13K | $417K | 50x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −2.417% | $2K | $241K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7960 | −0.159% | $428K | $394K | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7953 | −0.245% | $297K | $492K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7953 | −0.245% | $30.1M | $102.2M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7953 | −0.247% | $29.4M | $37.1M | 50x | as long as short |
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Injective APT/USDC PERP
Lighter 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 | 0.7954 | −0.234% | $6.3M | $24.8M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7955 | −0.222% | $2.8M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7950 | −0.284% | $29.0M | $15.0M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7944 | −0.360% | $5.6M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7957 | −0.197% | $8.9M | $12.7M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7953 | −0.247% | — | $25.9M | — | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7960 | −0.159% | $65K | $572K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7937 | −0.447% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7955 | −0.222% | $56 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7954 | −0.234% | $267K | $142K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7952 | −0.260% | $85K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7955 | −0.222% | $25K | — | 3x | as long as short |
| Hyperliquid APT | +0.0111% | 1h | 0.7962 | −0.134% | $6.2M | $5.7M | 10x | as long as short |
| Backpack APT_USDC_PERP | +0.0111% | 1h | 0.7956 | −0.209% | $200K | $373K | 20x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7955 | −0.220% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7956 | −0.209% | $1.5M | $829K | 75x | as long as short |
| Coinbase International APT-PERP-INTXshort | +0.0240% | 1h | 0.7979 | +0.079% | $211K | $580K | 50x | |
| Reya APTRUSDPERP | +0.0472% | 1h | 0.7952 | −0.265% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0636% | 1h | 0.7956 | −0.212% | $56K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.1848% | 1h | 0.8030 | +0.719% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
Hyperliquid APT
Backpack APT_USDC_PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD