Funding you earn now, next payment 11:00 UTC+0.1270%/8h= +139.1% APRnext payment +$1.59 per $10,000 · paid last 24h +0.155%
Price spread now: ApeX Omni against Kraken Futures+0.356%7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$2062.060% of the position
Funding, last 7 days+0.480%+$48 on $10k
+Price spread, last 4 days (all we have)+0.668%+$67 · spread now +0.356%, 7d avg +0.149%
=Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and ApeX Omni is 0.207% dearer against Kraken Futures than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.149%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.480% in total (about 25.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.59 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_POPCATUSD | 0.05700 | −0.1170 | get 0.0146% / 1h | 45m 04s | $152K | $121K | 20x |
| Short | ApeX Omni POPCATUSDT | 0.05720 | 0.0100 | get 0.0013% / 1h | 45m 04s | $22K | $661K | 25x |
Kraken Futures PF_POPCATUSD
ApeX Omni POPCATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $266.75
- Price spread: +0.356% → +0.149%
- $20.72
- Slippage, 4 orders
- −$186.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $81.43
- Costs to cover
- 2.060%
- Break-even
- 4.9 days
Slippage from Kraken Futures: live order book, 65 min ago; ApeX Omni: live order book, 66 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, 65 min ago | 29.66 bp | 57.7 bp −$58 | 17789.9 bp −$177.9K | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 66 min ago | 17.42 bp | 37.6 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_POPCATUSDlong | −0.1170% | 1h | 0.05700 | long leg | $152K | $121K | 20x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05704 | +0.073% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0019% | 4h | 0.05701 | +0.015% | $485K | $140K | — | as long as short |
| Injective POPCAT/USDC PERP | +0.0033% | 1h | 0.05670 | −0.521% | $3K | $2K | 5.5x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05705 | +0.093% | $97K | $53K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05712 | +0.216% | $2.5M | $7.2M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05697 | −0.047% | $9.1M | $6.7M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05702 | +0.040% | $690K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05705 | +0.093% | $428K | $470K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05711 | +0.198% | $1.8M | $970K | 200x | as long as short |
Reya POPCATRUSDPERP
Variational Omni POPCAT
Injective POPCAT/USDC PERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDTShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05706 | +0.110% | $1.1M | $799K | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05709 | +0.163% | $1.2M | $794K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05704 | +0.075% | — | $6.8M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05723 | +0.408% | $261K | $455K | 10x | as long as short |
| ApeX Omni POPCATUSDTshort | +0.0100% | 1h | 0.05720 | +0.356% | $22K | $661K | 25x | |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05706 | +0.108% | $92K | $748K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05714 | +0.251% | $131K | $295K | 50x | as long as short |
| Hyperliquid POPCAT | +0.0534% | 1h | 0.05715 | +0.267% | $2.7M | $1.3M | 3x | as long as short |
KuCoin POPCATUSDTM
Bitget POPCATUSDT
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
Extended POPCAT-USD
BloFin POPCAT-USDT
Hyperliquid POPCAT