Funding you earn now, next payment 23:00 UTC−0.0528%/8h= −57.9% APRpaid last 24h +0.020%
Price spread now: Kraken Futures against BingX+0.127%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$980.979% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 3 days (all we have)+0.220%+$22 · spread now +0.127%, 7d avg +0.081%
=The price spread pays, funding is against you. Kraken Futures is 0.047% dearer against BingX than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.081%): +$5 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.015% in total) that is about 22 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment. 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 | BingX APE-USDT | 0.1458 | 0.0100 | pay 0.0100% / 8h | 1h 04m | — | $13.5M | — |
| Short | Kraken Futures PF_APEUSD | 0.1460 | −0.0428 | pay 0.0054% / 1h | 4m 44s | $406K | $575K | 20x |
BingX APE-USDT
Kraken Futures PF_APEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$110.96
- Price spread: +0.127% → +0.081%
- $4.69
- Slippage, 4 orders
- −$77.92
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$204.19
- Costs to cover
- 0.979%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; Kraken Futures: live order book, 13 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 BingX live order book, 13 min ago | 10.27 bp | 22.6 bp −$23 | 72.0 bp −$720 | 422.1 bp −$42.2K | doesn't fit |
| Sell Kraken Futures live order book, 13 min ago | 6.84 bp | 25.7 bp −$26 | 99.5 bp −$995 | doesn't fit | doesn't fit |
APE on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APEUSDshort | −0.0428% | 1h | 0.1460 | +0.127% | $406K | $575K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1459 | +0.058% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.297% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −5.487% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDT | +0.0100% | 8h | 0.1456 | −0.137% | $220K | $48K | 75x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1463 | +0.322% | $1.3M | $368K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1458 | +0.008% | $121K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1460 | +0.118% | $4.1M | $6.2M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1459 | +0.055% | $3.6M | $2.6M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1461 | +0.192% | $1.3M | $1.3M | 20x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
BloFin APE-USDT
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDT
OKX APE-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate APE_USDT | +0.0100% | 8h | 0.1459 | +0.069% | $630K | $294K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1459 | +0.069% | $4.0M | $891K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1458 | 0.000% | $1.8M | $1.9M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1458 | 0.000% | $2.1M | $532K | 25x | as long as short |
| BingX APE-USDTlong | +0.0100% | 8h | 0.1458 | long leg | — | $13.5M | — | |
| Variational Omni APE | +0.0100% | 8h | 0.1458 | −0.017% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1459 | +0.049% | $4K | $220K | 10x | as long as short |
| dYdX APE-USD | +0.0249% | 1h | 0.1459 | +0.058% | $9K | $5 | 5x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0435% | 1h | 0.1460 | +0.137% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0688% | 1h | 0.1462 | +0.274% | $98K | $7K | 25x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
Variational Omni APE
Extended APE-USD
dYdX APE-USD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX