Funding you earn now, next payment 05:00 UTC+0.0909%/8h= +99.5% APRnext payment +$1.14 per $10,000 · paid last 24h +0.172%
Price spread now: Coinbase International against Kraken Futures+1.044%7-day average +0.319% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$1081.082% of the position
Funding, last 7 days+0.660%+$66 on $10k
+Price spread, last 4 days (all we have)−0.933%−$93 · spread now +1.044%, 7d avg +0.319%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Coinbase International is 0.725% dearer against Kraken Futures than usual: you sell high and buy low: +$73 more if the spread goes back to its 7-day average of +0.319%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_APEUSD | 0.1481 | 0.0027 | pay 0.0003% / 1h | 49m 12s | $408K | $649K | 20x |
| Short | Coinbase International APE-PERP-INTX | 0.1496 | 0.0936 | get 0.0117% / 1h | 49m 12s | $101K | $8K | 25x |
Kraken Futures PF_APEUSD
Coinbase International APE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $190.89
- Price spread: +1.044% → +0.319%
- $72.54
- Slippage, 4 orders
- −$88.18
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $155.26
- Costs to cover
- 1.082%
- Break-even
- 1.3 days
Slippage from Kraken Futures: live order book, 64 min ago; Coinbase International: 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 Kraken Futures live order book, 64 min ago | 10.13 bp | 32.3 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 59 min ago | 16.95 bp | 22.0 bp −$22 | doesn't fit | 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 | 0.1481 | +0.011% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.582% | — | — | — | as long as short |
| Kraken Futures PF_APEUSDlong | +0.0027% | 1h | 0.1481 | long leg | $408K | $649K | 20x | |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.926% | $1K | $12K | 5.5x | as long as short |
| dYdX APE-USD | +0.0072% | 1h | 0.1481 | +0.056% | $9K | $5 | 5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1483 | +0.152% | $1.3M | $385K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1481 | +0.061% | $123K | $20K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1481 | +0.058% | $4.1M | $7.0M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1481 | +0.031% | $3.7M | $3.1M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1480 | −0.016% | $1.3M | $1.5M | 20x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
dYdX APE-USD
Hyperliquid APE
Aster APEUSDT
Binance 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 | 0.1481 | +0.011% | $635K | $312K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1481 | +0.031% | $4.3M | $859K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1480 | −0.037% | $1.8M | $3.5M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1481 | +0.031% | $2.1M | $587K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1481 | +0.031% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1482 | +0.081% | $8K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1481 | +0.027% | $5K | $208K | 10x | as long as short |
| BloFin APE-USDT | +0.0220% | 8h | 0.1483 | +0.166% | $217K | $59K | 75x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0425% | 1h | 0.1482 | +0.098% | $9K | $21K | 25x | as long as short |
| Coinbase International APE-PERP-INTXshort | +0.0936% | 1h | 0.1496 | +1.044% | $101K | $8K | 25x |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
BloFin APE-USDT
Deribit APE_USDC-PERPETUAL