Funding you earn now, next payment 03:00 UTC+0.1827%/8h= +200.1% APRnext payment +$2.28 per $10,000 · paid last 24h −0.392%
Price spread now: Kraken Futures against ApeX Omni+0.130%75s7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$295as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1441.441% of the position
Funding, last 7 days−1.506%−$151 on $10k
+Price spread, last 4 days (all we have)−1.769%−$177 · spread now +0.130%, 7d avg +0.097%
=Both sides work for this trade now. Funding pays +$55 a day on $10k at the current rate, and Kraken Futures is 0.032% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.097%. Mind the row above: over the last 7 days funding on this pair cost −1.506%, so the current rate has only just turned in your favour. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ARUSDT | 4.5300 | 0.0100 | pay 0.0013% / 1h | 34m 05s | $20K | $725K | 50x |
| Short | Kraken Futures PF_ARUSD | 4.5359 | 0.1927 | get 0.0241% / 1h | 34m 05s | $56K | $149K | 20x |
ApeX Omni ARUSDT
Kraken Futures PF_ARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. 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
- $383.75
- Price spread: +0.130% → +0.097%
- $3.24
- Slippage, 4 orders
- −$124.1
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $242.9
- Costs to cover
- 1.441%
- Break-even
- 2.6 days
Slippage from ApeX Omni: live order book, 30 min ago; Kraken Futures: live order book, 28 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 ApeX Omni live order book, 30 min ago | 7.70 bp | 15.6 bp −$16 | 128.9 bp −$1,289 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 28 min ago | 28.49 bp | 46.1 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
AR on 17 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 AR/USD [WBTC.b-USDC] | L −0.0141% / S +0.0551% | 1h | 4.5242 | −0.129% | $581K | — | 50x | as long as short |
| OKX AR-USDT-SWAP | −0.0087% | 8h | 4.5260 | −0.088% | $2.3M | $18.9M | 20x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5290 | −0.022% | $548 | $3K | 5.5x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5347 | +0.104% | $4.1M | $4.5M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5277 | −0.051% | $19K | $500K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.5298 | −0.005% | $9.0M | $51.5M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5283 | −0.038% | $4.7M | $8.4M | 75x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.5250 | −0.110% | $2.5M | $2.0M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.5260 | −0.088% | $6.5M | $4.3M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5210 | −0.199% | $1.2M | $1.2M | 50x | as long as short |
GMX AR/USD [WBTC.b-USDC]
OKX AR-USDT-SWAP
Injective AR/USDC PERP
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
Gate AR_USDT
MEXC AR_USDT
KuCoin ARUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARUSDT | +0.0100% | 8h | 4.5230 | −0.155% | $3.9M | $5.3M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.5280 | −0.044% | — | $2.8M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.5276 | −0.053% | $235K | $256K | — | as long as short |
| ApeX Omni ARUSDTlong | +0.0100% | 1h | 4.5300 | long leg | $20K | $725K | 50x | |
| Extended AR-USD | +0.0104% | 1h | 4.5247 | −0.116% | $37K | $239K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.5250 | −0.110% | $433K | $496K | 20x | as long as short |
| Kraken Futures PF_ARUSDshort | +0.1927% | 1h | 4.5359 | +0.130% | $56K | $149K | 20x |
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
Extended AR-USD
BloFin AR-USDT