Funding you earn now, next payment 07:00 UTC+0.0328%/8h= +35.9% APRpaid last 24h +0.074%
Price spread now: Bybit against Kraken Futures−0.089%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$700.697% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)−0.762%−$76 · spread now −0.089%, 7d avg −0.111%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.022% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.111%. Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.6% 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_APTUSD | 0.7645 | −0.0228 | get 0.0029% / 1h | 2m 31s | $522K | $609K | 50x |
| Short | Bybit APTUSDT | 0.7638 | 0.0100 | get 0.0100% / 8h | 1h 02m | $27.3M | $39.0M | 50x |
Kraken Futures PF_APTUSD
Bybit APTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $68.89
- Price spread: −0.089% → −0.111%
- $2.18
- Slippage, 4 orders
- −$48.7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $1.36
- Costs to cover
- 0.697%
- Break-even
- 6.9 days
Slippage from Kraken Futures: live order book, 40 min ago; Bybit: 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, 40 min ago | 4.58 bp | 18.0 bp −$18 | 72.6 bp −$726 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.65 bp | 11.5 bp −$11 | 24.6 bp −$246 | 73.8 bp −$7,385 | doesn't fit |
APT on 30 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_APTUSDlong | −0.0228% | 1h | 0.7645 | long leg | $522K | $609K | 50x | |
| Variational Omni APT | −0.0020% | 8h | 0.7670 | +0.332% | $491K | $421K | — | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7641 | −0.050% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7643 | −0.024% | $19K | $599K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0020% | 8h | 0.7642 | −0.037% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.768% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7635 | −0.128% | $409K | $427K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7642 | −0.037% | $4.8M | $6.0M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7639 | −0.076% | $90K | $918K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7641 | −0.050% | $27.8M | $100.8M | 75x | as long as short |
Variational Omni APT
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APTUSDTshort | +0.0100% | 8h | 0.7638 | −0.089% | $27.3M | $39.0M | 50x | |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7638 | −0.089% | $5.7M | $24.1M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7636 | −0.115% | $2.6M | $4.8M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7639 | −0.076% | $30.5M | $15.5M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7638 | −0.089% | $4.9M | $11.7M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7637 | −0.102% | $8.6M | $12.4M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7635 | −0.128% | — | $26.0M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7644 | −0.011% | $173K | $309K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7670 | +0.330% | $62K | $581K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7637 | −0.102% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7641 | −0.050% | $86 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7677 | +0.421% | $252K | $181K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7635 | −0.130% | $80K | $551K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7643 | −0.017% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7642 | −0.041% | $16K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7646 | +0.016% | $1.4M | $799K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0360% | 1h | 0.7650 | +0.068% | $221K | $310K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0497% | 1h | 0.7638 | −0.085% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0924% | 1h | 0.7642 | −0.030% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.5104% | 1h | 0.7777 | +1.729% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD