Funding you earn now, next payment 05:00 UTC−0.0882%/8h= −96.6% APRpaid last 24h −0.011%
Price spread now: KuCoin against Kraken Futures−0.098%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1611.607% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now −0.098%, 7d avg −0.121%
=The price spread pays, funding is against you. KuCoin is 0.023% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.098% now, against its 7-day average of −0.121%): +$2 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.013% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% 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 | 0.1477 | 0.0982 | pay 0.0123% / 1h | 42m 43s | $408K | $620K | 20x |
| Short | KuCoin APEUSDTM | 0.1476 | 0.0100 | get 0.0100% / 8h | 3h 42m | $1.8M | $3.2M | 50x |
Kraken Futures PF_APEUSD
KuCoin APEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$185.26
- Price spread: −0.098% → −0.121%
- $2.33
- Slippage, 4 orders
- −$138.7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$343.63
- Costs to cover
- 1.607%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 10 min ago; KuCoin: live order book, 5 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 | 10.13 bp | 32.3 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 3.39 bp | 55.6 bp −$56 | 169.5 bp −$1,695 | 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 | 0.1477 | −0.018% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.407% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.731% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDT | +0.0073% | 8h | 0.1474 | −0.233% | $218K | $57K | 75x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1478 | +0.030% | $1.3M | $368K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1477 | −0.037% | $124K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1476 | −0.074% | $4.1M | $6.7M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1476 | −0.125% | $3.6M | $3.1M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1476 | −0.105% | $1.3M | $1.4M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1477 | −0.030% | $637K | $307K | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
BloFin APE-USDT
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
Bybit 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 | 0.1475 | −0.166% | $4.4M | $864K | 50x | as long as short |
| KuCoin APEUSDTMshort | +0.0100% | 8h | 0.1476 | −0.098% | $1.8M | $3.2M | 50x | |
| Bitget APEUSDT | +0.0100% | 8h | 0.1476 | −0.098% | $2.1M | $552K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1476 | −0.098% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1474 | −0.251% | $8K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1476 | −0.117% | $4K | $206K | 10x | as long as short |
| dYdX APE-USD | +0.0108% | 1h | 0.1476 | −0.087% | $9K | $5 | 5x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0427% | 1h | 0.1478 | +0.037% | $9K | $21K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0880% | 1h | 0.1484 | +0.443% | $100K | $8K | 25x | as long as short |
| Kraken Futures PF_APEUSDlong | +0.0982% | 1h | 0.1477 | long leg | $408K | $620K | 20x |
MEXC APE_USDT
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
dYdX APE-USD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX