Funding you earn now, next payment 23:00 UTC+0.0529%/8h= +57.9% APRpaid last 24h −0.020%
Price spread now: Binance against Kraken Futures+0.022%7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$870.874% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 3 days (all we have)−0.335%−$33 · spread now +0.022%, 7d avg −0.090%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Binance is 0.112% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.090%. Mind the row above: over the last 7 days funding on this pair cost −0.076%, 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 -0.076% in total (about -4.0% 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 | Kraken Futures PF_APEUSD | 0.1457 | −0.0429 | get 0.0054% / 1h | 8m 19s | $404K | $574K | 20x |
| Short | Binance APEUSDT | 0.1457 | 0.0100 | get 0.0100% / 8h | 1h 08m | $4.1M | $6.2M | 50x |
Kraken Futures PF_APEUSD
Binance APEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $111.12
- Price spread: +0.022% → −0.090%
- $11.19
- Slippage, 4 orders
- −$67.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $34.91
- Costs to cover
- 0.874%
- Break-even
- 4.8 days
Slippage from Kraken Futures: live order book, 10 min ago; Binance: live order book, 15 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, 10 min ago | 6.84 bp | 25.6 bp −$26 | 148.8 bp −$1,488 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 3.42 bp | 18.6 bp −$19 | 74.8 bp −$748 | 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_APEUSDlong | −0.0429% | 1h | 0.1457 | long leg | $404K | $574K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1456 | −0.052% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.247% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −5.433% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDT | +0.0096% | 8h | 0.1457 | −0.011% | $221K | $48K | 75x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1459 | +0.160% | $1.3M | $368K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1457 | −0.001% | $121K | $22K | 10x | as long as short |
| Binance APEUSDTshort | +0.0100% | 8h | 0.1457 | +0.022% | $4.1M | $6.2M | 50x | |
| Bybit APEUSDT | +0.0100% | 8h | 0.1457 | −0.025% | $3.6M | $2.6M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1456 | −0.052% | $1.3M | $1.3M | 20x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
BloFin APE-USDT
Hyperliquid APE
Aster APEUSDT
Bybit APEUSDT
OKX APE-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate APE_USDT | +0.0100% | 8h | 0.1457 | −0.032% | $629K | $293K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1457 | −0.011% | $3.7M | $862K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1457 | −0.011% | $1.8M | $1.9M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1457 | −0.011% | $2.1M | $532K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1458 | +0.058% | — | $13.4M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1459 | +0.102% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1457 | +0.001% | $4K | $220K | 10x | as long as short |
| dYdX APE-USD | +0.0269% | 1h | 0.1457 | −0.035% | $9K | $5 | 5x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0437% | 1h | 0.1458 | +0.058% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0688% | 1h | 0.1466 | +0.607% | $99K | $7K | 25x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
dYdX APE-USD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX