Funding you earn now, next payment 05:00 UTC+0.0881%/8h= +96.4% APRpaid last 24h +0.005%
Price spread now: Kraken Futures against Bybit+0.102%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1061.061% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)+0.236%+$24 · spread now +0.102%, 7d avg +0.096%
=The price spread sits at its 7-day average of +0.096%, so right now this pair is about funding alone: +$26 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.023% in total (about 1.2% 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 | Bybit APEUSDT | 0.1478 | 0.0100 | pay 0.0100% / 8h | 3h 19m | $3.7M | $3.1M | 50x |
| Short | Kraken Futures PF_APEUSD | 0.1480 | 0.0981 | get 0.0123% / 1h | 19m 50s | $406K | $642K | 20x |
Bybit APEUSDT
Kraken Futures PF_APEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $184.95
- Price spread: +0.102% → +0.096%
- $0.63
- Slippage, 4 orders
- −$85.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $79.46
- Costs to cover
- 1.061%
- Break-even
- 4.0 days
Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 33 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 Bybit live order book, 3 min ago | 0.34 bp | 25.3 bp −$25 | 57.1 bp −$571 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 33 min ago | 10.13 bp | 25.3 bp −$25 | 84.8 bp −$848 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1479 | +0.048% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.450% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.779% | $1K | $12K | 5.5x | as long as short |
| dYdX APE-USD | +0.0092% | 1h | 0.1477 | −0.063% | $9K | $5 | 5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1481 | +0.176% | $1.3M | $377K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1478 | −0.040% | $124K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1478 | −0.014% | $4.1M | $6.9M | 50x | as long as short |
| Bybit APEUSDTlong | +0.0100% | 8h | 0.1478 | long leg | $3.7M | $3.1M | 50x | |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1479 | +0.047% | $1.3M | $1.5M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1478 | −0.027% | $635K | $313K | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
dYdX APE-USD
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
OKX APE-USDT-SWAP
Gate APE_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC APE_USDT | +0.0100% | 8h | 0.1478 | −0.014% | $4.4M | $871K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1478 | −0.014% | $1.8M | $3.3M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1478 | −0.014% | $2.1M | $580K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1479 | +0.054% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1478 | −0.045% | $8K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1478 | −0.041% | $7K | $209K | 10x | as long as short |
| BloFin APE-USDT | +0.0220% | 8h | 0.1476 | −0.149% | $217K | $58K | 75x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0426% | 1h | 0.1480 | +0.122% | $9K | $21K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0880% | 1h | 0.1496 | +1.204% | $101K | $8K | 25x | as long as short |
| Kraken Futures PF_APEUSDshort | +0.0981% | 1h | 0.1480 | +0.102% | $406K | $642K | 20x |
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
BloFin APE-USDT
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX