Funding you earn now, next payment 00:00 UTC+0.0278%/8h= +30.4% APRpaid last 24h −0.019%
Price spread now: MEXC against Kraken Futures−0.127%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$630.630% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 3 days (all we have)−0.124%−$12 · spread now −0.127%, 7d avg −0.097%
=Funding pays, the price is against you. MEXC is 0.029% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of −0.097%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$8 a day). 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 | 0.1464 | −0.0178 | get 0.0022% / 1h | 41m 01s | $406K | $578K | 20x |
| Short | MEXC APE_USDT | 0.1462 | 0.0100 | get 0.0100% / 8h | 41m 01s | $4.1M | $922K | 50x |
Kraken Futures PF_APEUSD
MEXC APE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $58.37
- Price spread: −0.127% → −0.097%
- −$2.93
- Slippage, 4 orders
- −$53
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$7.55
- Costs to cover
- 0.630%
- Break-even
- 7.9 days
Slippage from Kraken Futures: live order book, 37 min ago; MEXC: live order book, 1 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, 37 min ago | 6.84 bp | 25.6 bp −$26 | 148.8 bp −$1,488 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 3.42 bp | 6.5 bp −$6 | 33.3 bp −$333 | 168.6 bp −$16.9K | 225.1 bp −$112.6K |
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 | −0.0178% | 1h | 0.1464 | long leg | $406K | $578K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1463 | −0.062% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.636% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −5.865% | $1K | $12K | 5.5x | as long as short |
| dYdX APE-USD | +0.0093% | 1h | 0.1466 | +0.139% | $9K | $5 | 5x | as long as short |
| BloFin APE-USDT | +0.0094% | 8h | 0.1464 | +0.010% | $221K | $48K | 75x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1466 | +0.126% | $1.3M | $369K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1461 | −0.186% | $121K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1464 | −0.024% | $4.1M | $6.2M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1463 | −0.065% | $3.6M | $2.6M | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
dYdX APE-USD
BloFin APE-USDT
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1463 | −0.045% | $1.3M | $1.3M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1464 | +0.010% | $632K | $292K | 50x | as long as short |
| MEXC APE_USDTshort | +0.0100% | 8h | 0.1462 | −0.127% | $4.1M | $922K | 50x | |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1462 | −0.127% | $1.8M | $2.0M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1464 | +0.010% | $2.1M | $537K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1463 | −0.058% | — | $13.4M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1466 | +0.120% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1463 | −0.078% | $4K | $219K | 10x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0434% | 1h | 0.1464 | +0.010% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0776% | 1h | 0.1470 | +0.420% | $99K | $7K | 25x | as long as short |
OKX APE-USDT-SWAP
Gate APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX