S

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1928%/8h= +211.1% APRnext payment +$2.41 per $10,000 · paid last 24h +0.565%

Price spread now: ApeX Omni against Kraken Futures−1.477%75s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on ApeX Omni

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 1.477% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −1.477% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$148 on $10k: about 2.6 days of funding at the current rate (+$58 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SUSD	0.03979	−0.1828	get 0.0228% / 1h	35m 35s	$33K	$14K	10x
Short	ApeX Omni SUSDT	0.03920	0.0100	get 0.0013% / 1h	35m 35s	$6K	$473K	50x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −1.477%Rate

Funding earned: $404.83
Price spread: −1.477% → 0.000%: −$147.69
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $237.14
Costs to cover: 0.200%
Break-even: 2.9 days

Slippage unknown: Kraken Futures: no order-book sample; ApeX Omni: live order book, 12 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 12 min ago	25.25 bp	79.5 bp −$80	doesn't fit	doesn't fit	doesn't fit

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 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
01 Exchange SUSD	−0.8496%	1h	0.03840	−3.488%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSDlong	−0.1828%	1h	0.03979	long leg	$33K	$14K	10x
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03964	−0.371%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03979	+0.008%	$1K	—	100x	as long as short
Variational Omni S	−0.0125%	4h	0.03973	−0.148%	$617K	$30K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03978	−0.022%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03980	+0.031%	$613	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.047%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.03981	+0.056%	$99K	$494K	10x	as long as short
Lighter S	+0.0096%	1h	0.04014	+0.886%	$170K	$139K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04007	+0.722%	$1.0M	$593K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04013	+0.865%	$47K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04015	+0.903%	$5.7M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04007	+0.710%	$5.7M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04010	+0.785%	$995K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04012	+0.835%	$327K	$185K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04013	+0.860%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04007	+0.710%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04012	+0.835%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04006	+0.685%	—	$6.8M	—	as long as short
ApeX Omni SUSDTshort	+0.0100%	1h	0.03920	−1.477%	$6K	$473K	50x
Extended S-USD	+0.0104%	1h	0.04008	+0.734%	$225K	$596K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03921	−1.452%	$271K	$106K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.1256%	1h	0.03989	+0.257%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1832%	1h	0.04000	+0.534%	$116K	$426K	5x	as long as short