Funding you earn now, next payment 10:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.095%
Price spread now: Kraken Futures against Binance+0.164%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$840.840% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+2.920%+$292 · spread now +0.164%, 7d avg +0.035%
=The price spread pays, funding is against you. Kraken Futures is 0.129% dearer against Binance than usual: you sell high and buy low (spread +0.164% now, against its 7-day average of +0.035%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance APTUSDT | 0.7721 | 0.0100 | pay 0.0100% / 8h | 6h 57m | $28.1M | $90.9M | 75x |
| Short | Kraken Futures PF_APTUSD | 0.7734 | −0.0040 | pay 0.0005% / 1h | 57m 49s | $526K | $522K | 50x |
Binance APTUSDT
Kraken Futures PF_APTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$29.41
- Price spread: +0.164% → +0.035%
- $12.92
- Slippage, 4 orders
- −$64.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$100.51
- Costs to cover
- 0.840%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Kraken Futures: live order book, 35 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 Binance live order book, 15 min ago | 0.64 bp | 9.3 bp −$9 | 13.1 bp −$131 | 78.2 bp −$7,821 | doesn't fit |
| Sell Kraken Futures live order book, 35 min ago | 16.25 bp | 31.2 bp −$31 | 83.4 bp −$834 | doesn't fit | doesn't fit |
APT on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit APT_USDC-PERPETUAL | −0.0138% | 1h | 0.7736 | +0.194% | $20K | $585K | 50x | as long as short |
| Bybit APTUSDT | −0.0116% | 8h | 0.7716 | −0.065% | $27.4M | $35.1M | 50x | as long as short |
| Variational Omni APT | −0.0090% | 8h | 0.7755 | +0.441% | $496K | $411K | — | as long as short |
| Kraken Futures PF_APTUSDshort | −0.0040% | 1h | 0.7734 | +0.164% | $526K | $522K | 50x | |
| Lighter APT | −0.0024% | 1h | 0.7732 | +0.142% | $413K | $394K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7767 | +0.593% | $21K | — | 150x | as long as short |
| Orderly PERP_APT_USDC | +0.0013% | 8h | 0.7736 | +0.194% | $10K | $6K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +0.764% | $2K | $240K | 12x | as long as short |
| Backpack APT_USDC_PERP | +0.0059% | 1h | 0.7728 | +0.091% | $184K | $334K | 20x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7731 | +0.130% | $5.1M | $6.1M | 10x | as long as short |
Deribit APT_USDC-PERPETUAL
Bybit APTUSDT
Variational Omni APT
Lighter APT
gTrade (Gains Network) APT/USD
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Backpack APT_USDC_PERP
Hyperliquid APTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APTUSDT | +0.0100% | 8h | 0.7720 | −0.013% | $90K | $868K | 20x | as long as short |
| Binance APTUSDTlong | +0.0100% | 8h | 0.7721 | long leg | $28.1M | $90.9M | 75x | |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7719 | −0.026% | $5.7M | $22.6M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7725 | +0.052% | $2.6M | $4.0M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7721 | 0.000% | $22.6M | $12.5M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7720 | −0.013% | $4.8M | $10.6M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7718 | −0.039% | $8.7M | $11.2M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7719 | −0.026% | — | $6.5M | — | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7760 | +0.505% | $59K | $584K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7723 | +0.026% | $6K | $1.2M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7730 | +0.117% | $88 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7770 | +0.635% | $256K | $157K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7718 | −0.043% | $80K | $637K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7735 | +0.181% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7771 | +0.645% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7744 | +0.298% | $1.4M | $767K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0344% | 1h | 0.7787 | +0.855% | $223K | $298K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0505% | 1h | 0.7744 | +0.303% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0720% | 1h | 0.7744 | +0.297% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.3600% | 1h | 0.7829 | +1.399% | $2K | — | 5x | as long as short |
Aster APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD