Funding you earn now, next payment 01:00 UTC+0.0432%/8h= +47.3% APRnext payment +$0.54 per $10,000 · paid last 24h +0.044%
Price spread now: ApeX Omni against Kraken Futures−0.114%75s7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as 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−$810.810% of the position
Funding, last 7 days+0.225%+$22 on $10k
+Price spread, last 3 days (all we have)+0.003%$0 · spread now −0.114%, 7d avg −0.034%
=Funding pays, the price is against you. ApeX Omni is 0.080% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of −0.034%). If the spread goes back, that is −$8 on $10k: about 15 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.225% in total) that is about 2.5 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.225% in total (about 11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.54 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_FILUSD | 0.9871 | −0.0332 | get 0.0042% / 1h | 34m 19s | $1.3M | $2.4M | 50x |
| Short | ApeX Omni FILUSDT | 0.9860 | 0.0100 | get 0.0013% / 1h | 34m 19s | $30K | $195K | 50x |
Kraken Futures PF_FILUSD
ApeX Omni FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $90.73
- Price spread: −0.114% → −0.034%
- −$8.02
- Slippage, 4 orders
- −$61.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $1.69
- Costs to cover
- 0.810%
- Break-even
- 6.9 days
Slippage from Kraken Futures: live order book, 4 min ago; ApeX Omni: live order book, 37 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, 4 min ago | 3.04 bp | 14.7 bp −$15 | 27.1 bp −$271 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 37 min ago | 10.16 bp | 29.4 bp −$29 | 116.3 bp −$1,163 | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0559% | 1h | 0.9875 | +0.038% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSDlong | −0.0332% | 1h | 0.9871 | long leg | $1.3M | $2.4M | 50x | |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9869 | −0.023% | $315K | $1.8M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0042% | 8h | 0.9866 | −0.053% | $7.4M | $7.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0037% | 8h | 0.9869 | −0.023% | $18.0M | $97.9M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9872 | +0.010% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9869 | −0.022% | $58K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0030% | 8h | 0.9866 | −0.053% | $56.9M | $178.2M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9865 | −0.065% | $689K | $3.5M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.165% | $2K | $240K | 12x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDT
Extended FIL-USD
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0059% | 8h | 0.9861 | −0.104% | $247K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0063% | 8h | 0.9865 | −0.063% | $10.8M | $21.5M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9865 | −0.064% | $159K | $346K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9868 | −0.033% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9864 | −0.074% | $503K | $553K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9869 | −0.023% | $15.4M | $18.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9868 | −0.033% | $8.2M | $16.1M | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9868 | −0.033% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9849 | −0.226% | $442K | $280K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9845 | −0.268% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9847 | −0.249% | $291K | $812K | 10x | as long as short |
| ApeX Omni FILUSDTshort | +0.0100% | 1h | 0.9860 | −0.114% | $30K | $195K | 50x | |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9879 | +0.076% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9870 | −0.013% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9868 | −0.033% | $482 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9871 | −0.003% | $631K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9870 | −0.013% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0123% | 8h | 0.9853 | −0.185% | $2.7M | $571K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0539% / S −0.0538% | 1h | 0.9873 | +0.013% | $196K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]