Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,078.2 | +0.0606 | pay 0.0076% / 1h | 29m 10s | $244K | $558K | 20x | Long Kraken Futures | |
| SHORT | 1,078 | +0.0100 | get 0.0013% / 1h | 29m 10s | $71K | $269K | 50x | Short ApeX Omni5% off |
Price gap−0.023%
Funding gap−0.0506% /8h
Both sides work against this direction now: funding costs $15 a day on $10k and the gap is 0.062% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$4−0.0506% /8h now · paid +0.042% over the last 7D
Price−$6spread −0.023% now, avg +0.039% → −0.062% if it goes back
Costs−$680.678% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.042% in total, about +0.0020%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.023%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMU on 41 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size15.1 / 18.6 bpAt $10k entering ApeX Omni costs 18.6 bp, fee and slippage, 1.2× Kraken Futures’s.
- Note: Margin at max leverage$500 + $200Kraken Futures 20x, ApeX Omni 50x. 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: −$15.18Long Kraken Futures: 24 payments, −$18.18; short ApeX Omni: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.023% vs +0.039%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$71K vs $244K OIApeX Omni sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKraken Futures Yes · ApeX Omni NoFull 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+0.0020%/8h × 21 periods+$4.17
Price spread−0.023% → +0.039% (7d avg)−$6.16
Slippage, 4 orderslive order books−$47.76
Fee Kraken Futures bp × 2 orders−$10.00
Fee ApeX Omni bp × 2 orders−$10.00
Net · 7 days · $10k−$69.75
Costs to cover0.678%Break-even124.2 days
Slippage: Kraken Futures: live order book, 35 min ago; ApeX Omni: live order book, 34 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures4.3915.1 bp−$1536.2 bp−$362doesn’t fitdoesn’t fit
SELL · SHORTApeX Omni7.0418.6 bp−$19199.1 bp−$1,991doesn’t fitdoesn’t fit
Closing costs about the same again.
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