Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.4637%/8h= −507.7% APRnext payment $5.80 per $10,000 · paid last 24h −0.604%
Price spread now: Kraken Futures against ApeX Omni−1.146%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$139 a day on $10k at the current rate, and Kraken Futures is 1.146% cheaper against ApeX Omni than usual: you would sell low and buy high (−$115 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SUSDT0.046800.0100pay 0.0013% / 1h30m 39s$25K$528K50x
ShortKraken Futures PF_SUSD0.04626−0.4537pay 0.0567% / 1h30m 39s$39K$28K10x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$973.67
Price spread: −1.146% → 0.000%
−$114.56
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$1,108.23
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 15 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 15 min ago32.93 bp106.4 bp −$106doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 25 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−1.0448%1h0.04470−4.487%$27K$3K5xas long as short
Kraken Futures PF_SUSDshort−0.4537%1h0.04626−1.146%$39K$28K10x
Coinbase International S-PERP-INTX−0.1904%1h0.04128−11.795%$50K$18K25xas long as short
Variational Omni S−0.0901%4h0.04639−0.878%$743K$43Kas long as short
Deribit S_USDC-PERPETUAL−0.0394%1h0.04656−0.513%$78K$62310xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0336% / S +0.0211%1h0.04656−0.515%$2K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04637−0.911%$515xas long as short
Orderly PERP_S_USDC−0.0049%4h0.04649−0.662%$115K$641K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04624−1.206%$713150xas long as short
Lighter S+0.0096%1h0.04649−0.662%$163K$144K5xas long as short
Show all 25 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04650−0.637%$1.2M$924K5xas long as short
Aster SUSDT+0.0100%4h0.04652−0.595%$49K$155K10xas long as short
Binance SUSDT+0.0100%4h0.04649−0.656%$7.2M$21.8M75xas long as short
Bybit SUSDT+0.0100%4h0.04640−0.855%$6.6M$5.8M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04645−0.748%$1.4M$6.7M20xas long as short
Gate S_USDT+0.0100%4h0.04642−0.812%$398K$249K50xas long as short
MEXC S_USDT+0.0100%4h0.04648−0.684%$4.3M$3.2M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04648−0.684%$2.2M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.04648−0.684%$1.4M$3.1M50xas long as short
BingX S-USDT+0.0100%4h0.04645−0.748%$7.1Mas long as short
ApeX Omni SUSDTlong+0.0100%1h0.04680long leg$25K$528K50x
Extended S-USD+0.0104%1h0.04637−0.913%$251K$1.3M10xas long as short
Injective S/USDC PERP+0.0140%1h0.04600−1.709%$2K$212xas long as short
BloFin S-USDT+0.0340%4h0.04633−1.004%$335K$237K75xas long as short
Backpack S_USDC_PERP+0.0703%1h0.04650−0.641%$106K$460K5xas long as short