Funding you earn now, next payment 05:00 UTC+0.0883%/8h= +96.7% APRpaid last 24h +0.011%
Price spread now: Kraken Futures against KuCoin−0.033%7-day average +0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as 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)+0.308%+$31 · spread now −0.033%, 7d avg +0.121%
=Funding pays, the price is against you. Kraken Futures is 0.154% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.121%). If the spread goes back, that is −$15 on $10k: about 14 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.013% in total) that is about 3 months.
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 | KuCoin APEUSDTM | 0.1477 | 0.0100 | pay 0.0100% / 8h | 3h 43m | $1.8M | $3.2M | 50x |
| Short | Kraken Futures PF_APEUSD | 0.1477 | 0.0983 | get 0.0123% / 1h | 43m 28s | $408K | $621K | 20x |
KuCoin APEUSDTM
Kraken Futures PF_APEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $185.39
- Price spread: −0.033% → +0.121%
- −$15.43
- Slippage, 4 orders
- −$138.7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $9.27
- Costs to cover
- 1.607%
- Break-even
- 6.7 days
Slippage from KuCoin: live order book, 4 min ago; Kraken Futures: live order book, 10 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 KuCoin live order book, 4 min ago | 3.39 bp | 47.6 bp −$48 | 156.5 bp −$1,565 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 10 min ago | 10.13 bp | 25.3 bp −$25 | 84.8 bp −$848 | 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 | 0.1475 | −0.103% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.382% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.703% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDT | +0.0094% | 8h | 0.1474 | −0.203% | $216K | $57K | 75x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1478 | +0.095% | $1.3M | $368K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1477 | −0.008% | $124K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1477 | 0.000% | $4.1M | $6.7M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1477 | 0.000% | $3.6M | $3.0M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1478 | +0.061% | $1.3M | $1.4M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1477 | 0.000% | $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 | 0.1476 | −0.068% | $4.4M | $864K | 50x | as long as short |
| KuCoin APEUSDTMlong | +0.0100% | 8h | 0.1477 | long leg | $1.8M | $3.2M | 50x | |
| Bitget APEUSDT | +0.0100% | 8h | 0.1477 | 0.000% | $2.1M | $552K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1477 | 0.000% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1474 | −0.221% | $8K | $12K | — | as long as short |
| dYdX APE-USD | +0.0102% | 1h | 0.1476 | −0.056% | $9K | $5 | 5x | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1476 | −0.046% | $4K | $206K | 10x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0428% | 1h | 0.1476 | −0.068% | $9K | $21K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0880% | 1h | 0.1484 | +0.474% | $100K | $8K | 25x | as long as short |
| Kraken Futures PF_APEUSDshort | +0.0983% | 1h | 0.1477 | −0.033% | $408K | $621K | 20x |
MEXC APE_USDT
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
dYdX APE-USD
Extended APE-USD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX