Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.2637%/8h= −288.8% APRnext payment $3.30 per $10,000 · paid last 24h −0.582%
Price spread now: Kraken Futures against ApeX Omni−0.172%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$79 a day on $10k at the current rate, and Kraken Futures is 0.172% cheaper against ApeX Omni than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SUSDT0.044800.0100pay 0.0013% / 1h18m 54s$26K$515K50x
ShortKraken Futures PF_SUSD0.04472−0.2537pay 0.0317% / 1h18m 54s$38K$21K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$553.84
Price spread: −0.172% → 0.000%
−$17.21
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$591.05
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 14 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 14 min ago34.84 bp64.6 bp −$65doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−0.2552%1h0.04400−1.786%$27K$3K5xas long as short
Kraken Futures PF_SUSDshort−0.2537%1h0.04472−0.172%$38K$21K10x
Coinbase International S-PERP-INTX−0.1248%1h0.04308−3.839%$53K$18K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04468−0.263%$2K100xas long as short
Variational Omni S−0.0138%4h0.04456−0.539%$693K$7Kas long as short
Reya SRUSDPERP−0.0101%1h0.04469−0.243%$415xas long as short
Deribit S_USDC-PERPETUAL0.0000%1h0.04478−0.045%$75K$11K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04480+0.001%$690150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100−8.482%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0067%4h0.04476−0.089%$111K$641K10xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.04473−0.156%$192K$100K5xas long as short
Hyperliquid S+0.0100%1h0.04454−0.580%$1.1M$755K5xas long as short
Aster SUSDT+0.0100%4h0.04460−0.446%$49K$185K10xas long as short
Binance SUSDT+0.0100%4h0.04455−0.558%$6.7M$17.4M75xas long as short
Bybit SUSDT+0.0100%4h0.04449−0.692%$6.4M$4.9M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04450−0.670%$1.3M$5.2M20xas long as short
Gate S_USDT+0.0100%4h0.04462−0.402%$380K$233K50xas long as short
MEXC S_USDT+0.0100%4h0.04454−0.580%$4.7M$2.5M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04457−0.513%$2.1M$2.8M50xas long as short
Bitget SUSDT+0.0100%4h0.04459−0.469%$1.3M$2.7M50xas long as short
BingX S-USDT+0.0100%4h0.04455−0.558%$7.0Mas long as short
ApeX Omni SUSDTlong+0.0100%1h0.04480long leg$26K$515K50x
Extended S-USD+0.0104%1h0.04452−0.627%$245K$1.3M10xas long as short
BloFin S-USDT+0.0340%4h0.04476−0.089%$320K$118K75xas long as short
Backpack S_USDC_PERP+0.0764%1h0.044800.000%$105K$472K5xas long as short