VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0764%/8h= +83.7% APRnext payment +$0.96 per $10,000 · paid last 24h +0.040%

Price spread now: Kraken Futures against ApeX Omni+0.471%7-day average +0.060% · 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−$29as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.381%−$38 · spread now +0.471%, 7d avg +0.060%

Together, before fees−0.454%−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Kraken Futures is 0.411% dearer against ApeX Omni than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of +0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.072%, 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 -0.072% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.96 per $10,000. 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	ApeX Omni VIRTUALUSDT	0.7255	0.0100	pay 0.0013% / 1h	18m 38s	$40K	$245K	50x
Short	Kraken Futures PF_VIRTUALUSD	0.7289	0.0864	get 0.0108% / 1h	18m 38s	$596K	$581K	50x

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

Position, each leg$Hold fordaysFee ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.471%Rate

Funding earned: $160.48
Price spread: +0.471% → +0.060%: $41.12
Slippage, 4 orders: −$50
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $131.6
Costs to cover: 0.700%
Break-even: 1.3 days

Slippage from ApeX Omni: live order book, 58 min ago; Kraken Futures: live order book, 59 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 ApeX Omni live order book, 58 min ago	6.95 bp	15.5 bp −$15	103.8 bp −$1,038	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 59 min ago	11.81 bp	18.0 bp −$18	44.8 bp −$448	doesn't fit	doesn't fit

VIRTUAL on 33 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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0162%	1h	0.7275	+0.276%	$15K	$40K	10x	as long as short
01 Exchange VIRTUALUSD	−0.0152%	1h	0.7270	+0.207%	$2K	$131	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7273	+0.254%	$24	—	10x	as long as short
Lighter VIRTUAL	−0.0088%	1h	0.7263	+0.116%	$330K	$416K	5x	as long as short
Phoenix VIRTUAL	−0.0066%	1h	0.7256	+0.019%	$11K	$40K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0010%	1h	0.7278	+0.320%	$8K	—	150x	as long as short
SoDEX VIRTUAL-USD	+0.0033%	1h	0.7274	+0.255%	$1K	$9K	5x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.902%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0092%	4h	0.7275	+0.276%	$14K	$1.5M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7273	+0.250%	$200K	$102K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VIRTUAL	+0.0100%	1h	0.7271	+0.220%	$72K	$45K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7271	+0.223%	$16.6M	$38.7M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7270	+0.207%	$16.2M	$16.7M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7272	+0.234%	$2.9M	$9.5M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7275	+0.276%	$1.5M	$3.0M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7267	+0.165%	$18.1M	$4.3M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7274	+0.262%	$4.3M	$4.2M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7278	+0.317%	$6.3M	$5.5M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7272	+0.234%	—	$8.2M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7274	+0.262%	$246K	$169K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7274	+0.262%	$544K	$888K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7255	+0.007%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7263	+0.108%	$645K	$915K	10x	as long as short
ApeX Omni VIRTUALUSDTlong	+0.0100%	1h	0.7255	long leg	$40K	$245K	50x
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7280	+0.342%	$36K	$973K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7274	+0.262%	$2K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7275	+0.270%	$54K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7274	+0.257%	$18K	$505	3x	as long as short
Hyperliquid VIRTUAL	+0.0108%	1h	0.7281	+0.356%	$9.1M	$4.0M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0299% / S −0.0228%	1h	0.7277	+0.308%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7276	+0.289%	$824K	$848K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0448%	1h	0.7289	+0.469%	$198K	$93K	50x	as long as short
Kraken Futures PF_VIRTUALUSDshort	+0.0864%	1h	0.7289	+0.471%	$596K	$581K	50x