Funding you earn now, next payment 02:00 UTC−0.0324%/8h= −35.4% APRpaid last 24h +0.011%
Price spread now: Kraken Futures against Gate+0.199%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1171.169% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.199%, 7d avg +0.084%
=The price spread pays, funding is against you. Kraken Futures is 0.114% dearer against Gate than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.084%): +$11 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.4% 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 | Gate APE_USDT | 0.1474 | 0.0100 | pay 0.0100% / 8h | 6h 44m | $633K | $307K | 50x |
| Short | Kraken Futures PF_APEUSD | 0.1477 | −0.0224 | pay 0.0028% / 1h | 44m 24s | $410K | $604K | 20x |
Gate APE_USDT
Kraken Futures PF_APEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$67.94
- Price spread: +0.199% → +0.084%
- $11.45
- Slippage, 4 orders
- −$91.85
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$173.35
- Costs to cover
- 1.169%
- Break-even
- never at this rate
Slippage from Gate: live order book, 22 min ago; Kraken Futures: live order book, 24 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 Gate live order book, 22 min ago | 11.46 bp | 20.9 bp −$21 | 92.7 bp −$927 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 24 min ago | 10.10 bp | 35.7 bp −$36 | 119.3 bp −$1,193 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APEUSDshort | −0.0224% | 1h | 0.1477 | +0.199% | $410K | $604K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1475 | +0.037% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.219% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1476 | +0.129% | $11K | $18K | 25x | as long as short |
| dYdX APE-USD | +0.0012% | 1h | 0.1474 | +0.009% | $9K | $5 | 5x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.519% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDT | +0.0076% | 8h | 0.1477 | +0.197% | $220K | $54K | 75x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1477 | +0.163% | $1.3M | $387K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1475 | +0.070% | $123K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1474 | −0.004% | $4.1M | $6.6M | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Deribit APE_USDC-PERPETUAL
dYdX APE-USD
Injective APE/USDC PERP
BloFin APE-USDT
Hyperliquid APE
Aster APEUSDT
Binance APEUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APEUSDT | +0.0100% | 8h | 0.1476 | +0.115% | $3.6M | $3.0M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1477 | +0.197% | $1.3M | $1.4M | 20x | as long as short |
| Gate APE_USDTlong | +0.0100% | 8h | 0.1474 | long leg | $633K | $307K | 50x | |
| MEXC APE_USDT | +0.0100% | 8h | 0.1475 | +0.061% | $4.3M | $881K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1474 | −0.007% | $1.8M | $2.5M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1477 | +0.197% | $2.1M | $576K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1476 | +0.129% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1478 | +0.249% | $8K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1475 | +0.082% | $4K | $204K | 10x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0904% | 1h | 0.1479 | +0.332% | $99K | $7K | 25x | as long as short |
Bybit APEUSDT
OKX APE-USDT-SWAP
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
Coinbase International APE-PERP-INTX