Funding you earn now, next payment 02:00 UTC−0.0532%/8h= −58.3% APRnext payment −$0.66 per $10,000 · paid last 24h +0.068%
Price spread now: ApeX Omni against Kraken Futures+0.046%7-day average +0.164% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1851.845% of the position
Funding, last 7 days+0.538%+$54 on $10k
+Price spread, last 3 days (all we have)+0.691%+$69 · spread now +0.046%, 7d avg +0.164%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and ApeX Omni is 0.118% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.164%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.538%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_POPCATUSD | 0.05637 | 0.0632 | pay 0.0079% / 1h | 44m 55s | $150K | $144K | 20x |
| Short | ApeX Omni POPCATUSDT | 0.05640 | 0.0100 | get 0.0013% / 1h | 44m 55s | $22K | $656K | 25x |
Kraken Futures PF_POPCATUSD
ApeX Omni POPCATUSDTFunding 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
- −$111.72
- Price spread: +0.046% → +0.164%
- −$11.78
- Slippage, 4 orders
- −$164.51
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$308.01
- Costs to cover
- 1.845%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 22 min ago; ApeX Omni: live order book, 23 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, 22 min ago | 14.08 bp | 61.6 bp −$62 | 18633.5 bp −$186.3K | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 23 min ago | 17.61 bp | 32.8 bp −$33 | 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 | −0.5000% | 1h | 0.05540 | −1.728% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05637 | −0.005% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05638 | +0.010% | $101K | $52K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05641 | +0.063% | $2.3M | $6.8M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05624 | −0.238% | $8.9M | $6.2M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05636 | −0.025% | $696K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05639 | +0.028% | $453K | $621K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05641 | +0.063% | $1.8M | $962K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05641 | +0.063% | $1.1M | $991K | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05639 | +0.028% | $1.2M | $937K | 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 POPCATUSDTM
Bitget POPCATUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05641 | +0.063% | — | $6.8M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05626 | −0.200% | $511K | $162K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05654 | +0.294% | $247K | $485K | 10x | as long as short |
| ApeX Omni POPCATUSDTshort | +0.0100% | 1h | 0.05640 | +0.046% | $22K | $656K | 25x | |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05636 | −0.029% | $96K | $525K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05654 | +0.294% | $125K | $301K | 50x | as long as short |
| Kraken Futures PF_POPCATUSDlong | +0.0632% | 1h | 0.05637 | long leg | $150K | $144K | 20x | |
| Hyperliquid POPCAT | +0.1314% | 1h | 0.05649 | +0.196% | $2.6M | $985K | 3x | as long as short |
BingX POPCAT-USDT
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
Extended POPCAT-USD
BloFin POPCAT-USDT
Hyperliquid POPCAT