Funding you earn now, next payment 02:00 UTC+0.0038%/8h= +4.1% APRpaid last 24h −0.086%
Price spread now: Kraken Futures against Bybit−0.048%7-day average +0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$780.785% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 3 days (all we have)+0.765%+$76 · spread now −0.048%, 7d avg +0.119%
=Funding pays, the price is against you. Kraken Futures is 0.167% cheaper against Bybit than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.119%). If the spread goes back, that is −$17 on $10k: about 15 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.038% in total) that is about 31 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit APTUSDT | 0.7766 | 0.0100 | pay 0.0100% / 8h | 6h 44m | $28.2M | $37.9M | 50x |
| Short | Kraken Futures PF_APTUSD | 0.7762 | 0.0138 | get 0.0017% / 1h | 44m 41s | $529K | $642K | 50x |
Bybit APTUSDT
Kraken Futures PF_APTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $7.93
- Price spread: −0.048% → +0.119%
- −$16.69
- Slippage, 4 orders
- −$57.49
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$87.25
- Costs to cover
- 0.785%
- Break-even
- 84.0 days
Slippage from Bybit: live order book, 4 min ago; Kraken Futures: live order book, 23 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 Bybit live order book, 4 min ago | 0.64 bp | 12.6 bp −$13 | 24.6 bp −$246 | 75.9 bp −$7,590 | doesn't fit |
| Sell Kraken Futures live order book, 23 min ago | 10.72 bp | 25.6 bp −$26 | 88.3 bp −$883 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7766 | +0.006% | $39K | — | 150x | as long as short |
| Variational Omni APT | −0.0004% | 8h | 0.7759 | −0.086% | $502K | $331K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0004% | 8h | 0.7761 | −0.064% | $10K | $7K | 10x | as long as short |
| dYdX APT-USD | 0.0000% | 1h | 0.7762 | −0.055% | $54K | $6K | 10x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7764 | −0.026% | $12K | $418K | 50x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +0.180% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7762 | −0.052% | $416K | $405K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7766 | 0.000% | $5.6M | $6.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7768 | +0.032% | $243K | $587K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7766 | +0.006% | $28.9M | $105.3M | 75x | as long as short |
gTrade (Gains Network) APT/USD
Variational Omni APT
Orderly PERP_APT_USDC
dYdX APT-USD
Deribit APT_USDC-PERPETUAL
Injective APT/USDC PERP
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APTUSDTlong | +0.0100% | 8h | 0.7766 | long leg | $28.2M | $37.9M | 50x | |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7765 | −0.013% | $5.8M | $25.0M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7760 | −0.077% | $2.7M | $4.8M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7770 | +0.052% | $28.7M | $15.1M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7765 | −0.013% | $5.4M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7759 | −0.090% | $8.6M | $12.8M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7761 | −0.064% | — | $26.0M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7766 | 0.000% | $195K | $380K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7760 | −0.077% | $63K | $575K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7749 | −0.219% | $5K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7761 | −0.064% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7767 | +0.013% | $261K | $128K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7759 | −0.094% | $84K | $489K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7763 | −0.042% | $28K | $5K | 3x | as long as short |
| Kraken Futures PF_APTUSDshort | +0.0138% | 1h | 0.7762 | −0.048% | $529K | $642K | 50x | |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7763 | −0.035% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7781 | +0.193% | $1.5M | $961K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0272% | 1h | 0.7787 | +0.270% | $205K | $536K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0477% | 1h | 0.7758 | −0.101% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.2504% | 1h | 0.7814 | +0.618% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
Backpack APT_USDC_PERP
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
01 Exchange APTUSD