Funding you earn now, next payment 00:00 UTC−0.0279%/8h= −30.5% APRpaid last 24h +0.024%
Price spread now: Kraken Futures against KuCoin+0.064%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1441.443% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 3 days (all we have)+0.187%+$19 · spread now +0.064%, 7d avg +0.126%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.063% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.126%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% 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 | KuCoin APEUSDTM | 0.1458 | 0.0100 | pay 0.0100% / 8h | 13m 38s | $1.8M | $2.1M | 50x |
| Short | Kraken Futures PF_APEUSD | 0.1459 | −0.0179 | pay 0.0022% / 1h | 13m 38s | $406K | $580K | 20x |
KuCoin APEUSDTM
Kraken Futures PF_APEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- −$58.5
- Price spread: +0.064% → +0.126%
- −$6.26
- Slippage, 4 orders
- −$122.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$209.06
- Costs to cover
- 1.443%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Kraken Futures: live order book, 64 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 KuCoin live order book, 3 min ago | 6.86 bp | 47.1 bp −$47 | 153.2 bp −$1,532 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 64 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 | −0.0179% | 1h | 0.1459 | +0.064% | $406K | $580K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1458 | 0.000% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.298% | — | — | — | 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 | +0.0077% | 8h | 0.1459 | +0.069% | $221K | $48K | 75x | as long as short |
| dYdX APE-USD | +0.0090% | 1h | 0.1459 | +0.094% | $9K | $5 | 5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1461 | +0.178% | $1.3M | $374K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1459 | +0.038% | $121K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1458 | +0.034% | $4.1M | $6.2M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1458 | −0.021% | $3.6M | $2.7M | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
BloFin APE-USDT
dYdX APE-USD
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1458 | −0.014% | $1.3M | $1.3M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1458 | +0.027% | $629K | $292K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1458 | 0.000% | $4.1M | $926K | 50x | as long as short |
| KuCoin APEUSDTMlong | +0.0100% | 8h | 0.1458 | long leg | $1.8M | $2.1M | 50x | |
| Bitget APEUSDT | +0.0100% | 8h | 0.1459 | +0.069% | $2.1M | $544K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1459 | +0.069% | — | $13.5M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1457 | −0.049% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1458 | +0.014% | $4K | $219K | 10x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0436% | 1h | 0.1459 | +0.069% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0776% | 1h | 0.1464 | +0.412% | $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
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX