Funding you earn now, next payment 05:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.008%
Price spread now: Kraken Futures against ApeX Omni+0.090%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$220.215% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.090%, 7d avg +0.009%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.081% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni BTCUSDT | 85,648.2 | 0.0100 | pay 0.0013% / 1h | 53m 02s | $140.0M | $315.7M | 100x |
| Short | Kraken Futures PF_XBTUSD | 85,725.4 | 0.0135 | get 0.0017% / 1h | 53m 02s | $188.4M | $956.9M | 100x |
ApeX Omni BTCUSDT
Kraken Futures PF_XBTUSDFunding 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
- $7.31
- Price spread: +0.090% → +0.009%
- $8.09
- Slippage, 4 orders
- −$1.53
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$6.13
- Costs to cover
- 0.215%
- Break-even
- 12.9 days
Slippage from ApeX Omni: live order book, 6 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 ApeX Omni live order book, 6 min ago | 0.71 bp | 5.7 bp −$6 | 5.7 bp −$57 | 9.8 bp −$975 | 40.3 bp −$20.2K |
| Sell Kraken Futures live order book, 6 min ago | 0.06 bp | 5.1 bp −$5 | 5.1 bp −$51 | 7.4 bp −$741 | 9.5 bp −$4,770 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,646 | −0.003% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,636 | −0.014% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0037% | 8h | 85,687.1 | +0.045% | $918.0M | $755.9M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,679.8 | +0.037% | $418.1M | $676.0M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,669.8 | +0.025% | $366K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,635.3 | −0.015% | $16.8M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,684.1 | +0.042% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 85,679.4 | +0.036% | $516.2M | $1.10B | 200x | as long as short |
| Nado BTC-PERP | +0.0014% | 1h | 85,629.7 | −0.022% | $24.8M | $222.7M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,690 | +0.049% | $340K | $26.9M | 52x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Nado BTC-PERP
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0063% | 8h | 85,684.8 | +0.043% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0065% | 8h | 85,694.4 | +0.054% | $148.9M | $489.9M | 150x | as long as short |
| Bitget BTCUSDT | +0.0080% | 8h | 85,690 | +0.049% | $2.96B | $5.11B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0090% | 1h | 85,675.7 | +0.032% | $6.6M | $146.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,711.6 | +0.074% | $172.4M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,714.4 | +0.077% | $23.9M | $147.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,661 | +0.015% | $8.7M | $54.0M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,696.4 | +0.056% | $2.5M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,619 | −0.034% | $202K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,705.8 | +0.067% | $5.4M | $9.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,775.8 | +0.149% | $3.79B | $5.01B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,671.4 | +0.027% | $40.5M | $582.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,694.3 | +0.054% | $9.42B | $24.30B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,690.4 | +0.049% | $5.20B | $9.84B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,696.4 | +0.056% | $2.59B | $12.18B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,629 | −0.022% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,630.5 | −0.021% | $4.4M | $98.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,693.4 | +0.053% | $5.53B | $10.73B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,700.5 | +0.061% | $5.07B | $5.63B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,689.5 | +0.048% | $35.8M | $176.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,637.7 | −0.012% | $153.8M | $564.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,618 | −0.035% | $279.5M | $923.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,633.8 | −0.017% | $214.9M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDTlong | +0.0100% | 1h | 85,648.2 | long leg | $140.0M | $315.7M | 100x | |
| StandX BTC-USD | +0.0100% | 1h | 85,638.2 | −0.012% | $30.3M | $208.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,717.1 | +0.080% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,670 | +0.025% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,678 | +0.035% | $195K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,694.4 | +0.054% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,746.1 | +0.114% | $207K | $739K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,690.7 | +0.050% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,619.4 | −0.034% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,700 | +0.060% | $60.1M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,692.3 | +0.052% | $2.27B | $946.2M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,665.1 | +0.020% | $677.0M | $718.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,658.1 | +0.012% | $44.8M | $231.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,614.8 | −0.039% | — | $107.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,737.3 | +0.104% | $117.6M | $5.22B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0112% | 1h | 85,741.7 | +0.109% | $885.2M | $1.59B | 50x | as long as short |
| Kraken Futures PF_XBTUSDshort | +0.0135% | 1h | 85,725.4 | +0.090% | $188.4M | $956.9M | 100x | |
| RISEx BTC/USDC | +0.0174% | 1h | 85,675.1 | +0.031% | $8.9M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0177% | 1h | 85,682 | +0.039% | $13.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0222% | 8h | 85,671 | +0.027% | $12.0M | $757.2M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0229% | 1h | 85,663.7 | +0.018% | $78K | $220K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0256% | 1h | 85,684.6 | +0.042% | $704K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,651.9 | +0.004% | $504K | $18.8M | 6.7x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC