Funding you earn now, next payment 05:00 UTC−0.0880%/8h= −96.4% APRpaid last 24h −0.005%
Price spread now: MEXC against Kraken Futures+0.024%7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$680.675% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)−0.347%−$35 · spread now +0.024%, 7d avg −0.093%
=The price spread pays, funding is against you. MEXC is 0.117% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.093%): +$12 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.093% in total) that is about 8.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.093% in total (about -4.9% 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 | Kraken Futures PF_APEUSD | 0.1481 | 0.0980 | pay 0.0123% / 1h | 6m 31s | $405K | $643K | 20x |
| Short | MEXC APE_USDT | 0.1481 | 0.0100 | get 0.0100% / 8h | 3h 06m | $4.5M | $872K | 50x |
Kraken Futures PF_APEUSD
MEXC APE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$184.81
- Price spread: +0.024% → −0.093%
- $11.71
- Slippage, 4 orders
- −$57.52
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$240.63
- Costs to cover
- 0.675%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 47 min ago; MEXC: live order book, 1 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, 47 min ago | 10.13 bp | 32.3 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 3.38 bp | 3.4 bp −$3 | 34.2 bp −$342 | 169.5 bp −$17.0K | 219.1 bp −$109.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1481 | +0.042% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.590% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.933% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1484 | +0.260% | $1.3M | $383K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1482 | +0.093% | $124K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1482 | +0.091% | $4.1M | $6.9M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1482 | +0.078% | $3.7M | $3.1M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1482 | +0.084% | $1.3M | $1.5M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1481 | +0.051% | $636K | $315K | 50x | as long as short |
| MEXC APE_USDTshort | +0.0100% | 8h | 0.1481 | +0.024% | $4.5M | $872K | 50x |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDT
OKX APE-USDT-SWAP
Gate APE_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1481 | +0.024% | $1.8M | $3.4M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1482 | +0.091% | $2.1M | $584K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1481 | +0.024% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1482 | +0.069% | $8K | $12K | — | as long as short |
| dYdX APE-USD | +0.0102% | 1h | 0.1481 | −0.002% | $9K | $5 | 5x | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1482 | +0.098% | $7K | $206K | 10x | as long as short |
| BloFin APE-USDT | +0.0122% | 8h | 0.1481 | +0.024% | $217K | $58K | 75x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0426% | 1h | 0.1481 | +0.024% | $9K | $21K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0880% | 1h | 0.1496 | +1.037% | $101K | $8K | 25x | as long as short |
| Kraken Futures PF_APEUSDlong | +0.0980% | 1h | 0.1481 | long leg | $405K | $643K | 20x |
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
dYdX APE-USD
Extended APE-USD
BloFin APE-USDT
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX