Funding you earn now, next payment 08:00 UTC−0.0542%/8h= −59.3% APRpaid last 24h −0.091%
Price spread now: Kraken Futures against KuCoin+0.036%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1111.108% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.630%+$63 · spread now +0.036%, 7d avg +0.068%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Kraken Futures is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.068%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% 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 | KuCoin APTUSDTM | 0.7681 | 0.0100 | pay 0.0100% / 8h | 40m 02s | $4.9M | $11.4M | 50x |
| Short | Kraken Futures PF_APTUSD | 0.7684 | −0.0442 | pay 0.0055% / 1h | 40m 02s | $523K | $567K | 50x |
KuCoin APTUSDTM
Kraken Futures PF_APTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- −$113.72
- Price spread: +0.036% → +0.068%
- −$3.22
- Slippage, 4 orders
- −$88.75
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$227.69
- Costs to cover
- 1.108%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 min ago; Kraken Futures: live order book, 63 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 KuCoin live order book, 8 min ago | 2.60 bp | 29.8 bp −$30 | 68.3 bp −$683 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 63 min ago | 4.58 bp | 26.2 bp −$26 | 85.3 bp −$853 | 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_APTUSDshort | −0.0442% | 1h | 0.7684 | +0.036% | $523K | $567K | 50x | |
| Deribit APT_USDC-PERPETUAL | −0.0271% | 1h | 0.7680 | −0.013% | $20K | $600K | 50x | as long as short |
| Variational Omni APT | −0.0027% | 8h | 0.7687 | +0.078% | $492K | $416K | — | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7684 | +0.039% | $21K | — | 150x | as long as short |
| Orderly PERP_APT_USDC | +0.0016% | 8h | 0.7683 | +0.026% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.289% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7677 | −0.052% | $411K | $420K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7680 | −0.013% | $4.8M | $5.9M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7683 | +0.027% | $92K | $887K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7676 | −0.065% | $27.9M | $97.9M | 75x | as long as short |
Deribit APT_USDC-PERPETUAL
Variational Omni APT
gTrade (Gains Network) APT/USD
Orderly PERP_APT_USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit APTUSDT | +0.0100% | 8h | 0.7677 | −0.052% | $27.4M | $38.1M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7673 | −0.104% | $5.7M | $23.6M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7682 | +0.013% | $2.6M | $4.5M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7681 | 0.000% | $30.8M | $14.3M | 200x | as long as short |
| KuCoin APTUSDTMlong | +0.0100% | 8h | 0.7681 | long leg | $4.9M | $11.4M | 50x | |
| Bitget APTUSDT | +0.0100% | 8h | 0.7674 | −0.091% | $8.6M | $12.0M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7684 | +0.039% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7681 | 0.000% | $174K | $297K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7680 | −0.013% | $59K | $582K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7665 | −0.208% | $6K | $1.3M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7675 | −0.078% | $103 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7693 | +0.156% | $252K | $178K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7670 | −0.141% | $82K | $633K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7678 | −0.035% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7682 | +0.019% | $16K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7698 | +0.221% | $1.4M | $802K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0360% | 1h | 0.7700 | +0.247% | $222K | $319K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0499% | 1h | 0.7672 | −0.117% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0927% | 1h | 0.7697 | +0.214% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.4912% | 1h | 0.7789 | +1.406% | $2K | — | 5x | as long as short |
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
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
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD