Funding you earn now, next payment 00:00 UTC−0.1065%/8h= −116.7% APRnext payment −$1.33 per $10,000 · paid last 24h −0.031%
Price spread now: Kraken Futures against ApeX Omni−0.500%75s7-day average −0.171% · you buy dearer than you sell
Net, funding: paid 7d − costs−$248as 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−$1971.970% of the position
Funding, last 7 days−0.511%−$51 on $10k
+Price spread, last 3 days (all we have)−0.434%−$43 · spread now −0.500%, 7d avg −0.171%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Kraken Futures is 0.329% cheaper against ApeX Omni than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.171%). Swap the legs. 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 -0.511% in total (about -26.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.33 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 | ApeX Omni POPCATUSDT | 0.05660 | 0.0100 | pay 0.0013% / 1h | 25m 50s | $23K | $649K | 25x |
| Short | Kraken Futures PF_POPCATUSD | 0.05632 | −0.0965 | pay 0.0121% / 1h | 25m 50s | $147K | $139K | 20x |
ApeX Omni POPCATUSDT
Kraken Futures PF_POPCATUSDFunding 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
- −$223.71
- Price spread: −0.500% → −0.171%
- −$32.9
- Slippage, 4 orders
- −$177.03
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$453.64
- Costs to cover
- 1.970%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 52 min ago; Kraken Futures: live order book, 51 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, 52 min ago | 18.18 bp | 38.6 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 51 min ago | 24.60 bp | 74.0 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.4208% | 1h | 0.05563 | −1.714% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSDshort | −0.0965% | 1h | 0.05632 | −0.500% | $147K | $139K | 20x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05631 | −0.515% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05631 | −0.512% | $101K | $46K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05631 | −0.512% | $2.4M | $6.6M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05623 | −0.654% | $9.0M | $6.1M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05628 | −0.565% | $703K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05630 | −0.530% | $430K | $644K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05635 | −0.442% | $1.9M | $936K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05637 | −0.406% | $1.1M | $987K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05630 | −0.530% | $1.2M | $915K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05630 | −0.530% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05621 | −0.692% | $513K | $178K | — | as long as short |
| ApeX Omni POPCATUSDTlong | +0.0100% | 1h | 0.05660 | long leg | $23K | $649K | 25x | |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05634 | −0.468% | $99K | $440K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0180% | 4h | 0.05668 | +0.149% | $257K | $494K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05652 | −0.141% | $125K | $296K | 50x | as long as short |
| Hyperliquid POPCAT | +0.0487% | 1h | 0.05646 | −0.242% | $2.6M | $1.0M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
Variational Omni POPCAT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT
Hyperliquid POPCAT