Funding you earn now, next payment 12:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.025%
Price spread now: KuCoin against Kraken Futures−0.141%52s7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1891.891% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.141%, 7d avg −0.111%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.030% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.111%). Swap the legs. The two prices were read 52 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_APEUSD | 0.1456 | 0.0126 | pay 0.0016% / 1h | 58m 25s | $400K | $687K | 20x |
| Short | KuCoin APEUSDTM | 0.1454 | 0.0100 | get 0.0100% / 8h | 4h 58m | $1.8M | $4.6M | 50x |
Kraken Futures PF_APEUSD
KuCoin APEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$5.37
- Price spread: −0.141% → −0.111%
- −$3.03
- Slippage, 4 orders
- −$167.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$197.48
- Costs to cover
- 1.891%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 48 min ago; KuCoin: live order book, 2 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, 48 min ago | 6.84 bp | 39.5 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 6.87 bp | 59.8 bp −$60 | 175.9 bp −$1,759 | doesn't fit | doesn't fit |
APE on 20 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1455 | −0.090% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.181% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1455 | −0.072% | $3K | $27K | 25x | as long as short |
| dYdX APE-USD | +0.0012% | 1h | 0.1456 | −0.019% | $9K | — | 5x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −5.361% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDT | +0.0099% | 8h | 0.1455 | −0.072% | $216K | $47K | 75x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1456 | −0.011% | $1.3M | $320K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1456 | −0.031% | $121K | $20K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1455 | −0.104% | $4.1M | $7.0M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1454 | −0.121% | $3.6M | $2.8M | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Deribit APE_USDC-PERPETUAL
dYdX APE-USD
Injective APE/USDC PERP
BloFin APE-USDT
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1454 | −0.169% | $1.3M | $1.5M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1454 | −0.141% | $627K | $273K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1453 | −0.210% | $4.1M | $718K | 50x | as long as short |
| KuCoin APEUSDTMshort | +0.0100% | 8h | 0.1454 | −0.141% | $1.8M | $4.6M | 50x | |
| Bitget APEUSDT | +0.0100% | 8h | 0.1454 | −0.141% | $2.1M | $596K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1455 | −0.072% | — | $5.3M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1454 | −0.144% | $5K | $14K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1454 | −0.109% | $5K | $253K | 10x | as long as short |
| Kraken Futures PF_APEUSDlong | +0.0126% | 1h | 0.1456 | long leg | $400K | $687K | 20x | |
| Coinbase International APE-PERP-INTX | +0.0936% | 1h | 0.1477 | +1.438% | $99K | $7K | 25x | as long as short |
OKX APE-USDT-SWAP
Gate APE_USDT
MEXC APE_USDT
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
Coinbase International APE-PERP-INTX