Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4989 | +0.0100 | pay 0.0013% / 1h | 52m 01s | $24K | $367K | 5x | Long ApeX Omni5% off | |
| SHORT | 0.4980 | +0.1258 | get 0.0157% / 1h | 52m 01s | $46K | $163K | 20x | Short Kraken Futures |
Price gap−0.188%75s
Funding gap+0.1158% /8h
Funding pays +$35 a day on $10k, but the gap is 0.237% under its 7d average: −$24 if it goes back, about 16 hours of funding.
The two prices were read 75 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$190+0.1158% /8h now · paid +1.897% over the last 5 days (all we have)
Price—spread −0.188%75s now · prices read too far apart to compare
Costs−$1971.968% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Kraken Futures price against ApeX Omninow
RANGE STATS · 7D
Now−0.188%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 31 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size57.0 / 33.0 bpAt $10k entering ApeX Omni costs 57.0 bp, fee and slippage, 1.7× Kraken Futures’s.
- Note: Margin at max leverage$2,000 + $500ApeX Omni 5x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$34.73Long ApeX Omni: 24 payments, −$3.00; short Kraken Futures: 24 payments, +$37.73.
- Watch: Prices read 75 s apart−0.188% vs +0.049%Part of this gap may be the market moving.
- Watch: Long leg is thinner$24K vs $46K OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCApeX Omni No · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.1403%/8h × 21 periods+$294.70
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$176.75
Fee ApeX Omni bp × 2 orders−$10.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k+$97.95
price spread not counted: prices read too far apartCosts to cover1.968%Break-even4.7 days
Slippage: ApeX Omni: live order book, 60 min ago; Kraken Futures: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGApeX Omni49.6857.0 bp−$57138.8 bp−$1,388doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures10.0333.0 bp−$33doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($PONS) seen by our collector |
| 09-29 02:27 | Arcus | Listing | $PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗ |
| 09-28 19:23 | Arcus | Listing | new market PONS-USD ($PONS) seen by our collector |
| 09-25 11:16 | Kraken Futures | Listing | new market PF_PONSUSD ($PONS) seen by our collector |
| 09-22 17:11 | Avantis | Listing | new market PONS/USD ($PONS) seen by our collector |
| 09-22 13:03 | Bybit | Other | 📣 $PONS is officially listed on #BybitSpot with @ponsdotfamily! Pons is a token launchpad on the Robinhood blockchain, where users can pair tokens with Stock Tokens, ETH, USDG, and more. Tokens are launched through a "fair launch" process with a bonding curve. @Bybit_Official on X ↗ |
gTrade (Gains Network)
Arcus
Avantis
Bybit