Funding you earn now, next payment 05:00 UTC+0.0251%/8h= +27.5% APRnext payment +$0.31 per $10,000 · paid last 24h −0.034%
Price spread now: Kraken Futures against Deribit−0.020%7-day average +0.007% · 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−$89as in the Price arb table
costs, in and out, $10k−$870.865% of the position
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.020%, 7d avg +0.007%
=Funding pays, the price is against you. Kraken Futures is 0.027% cheaper against Deribit than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.007%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.160% in total) that is about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.160% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. 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 | Deribit APT_USDC-PERPETUAL | 0.7636 | 0 | get 0.0000% / 1h | 26m 04s | $7K | $535K | 50x |
| Short | Kraken Futures PF_APTUSD | 0.7635 | 0.0251 | get 0.0031% / 1h | 26m 04s | $530K | $638K | 50x |
Deribit APT_USDC-PERPETUAL
Kraken Futures PF_APTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- $52.8
- Price spread: −0.020% → +0.007%
- −$2.65
- Slippage, 4 orders
- −$69.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$36.36
- Costs to cover
- 0.865%
- Break-even
- 11.8 days
Slippage from Deribit: live order book, 28 min ago; Kraken Futures: live order book, 27 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 Deribit live order book, 28 min ago | 5.83 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 27 min ago | 10.37 bp | 30.5 bp −$30 | 103.8 bp −$1,038 | 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 | 0.7637 | +0.011% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUALlong | 0.0000% | 1h | 0.7636 | long leg | $7K | $535K | 50x | |
| Orderly PERP_APT_USDC | +0.0017% | 8h | 0.7634 | −0.026% | $10K | $7K | 10x | as long as short |
| Variational Omni APT | +0.0021% | 8h | 0.7630 | −0.077% | $509K | $416K | — | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.886% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7631 | −0.065% | $407K | $422K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7634 | −0.026% | $5.2M | $6.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7632 | −0.056% | $97K | $958K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7632 | −0.056% | $27.7M | $106.9M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7626 | −0.131% | $27.1M | $40.2M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Orderly PERP_APT_USDC
Variational Omni APT
Injective APT/USDC PERP
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance APTUSDT
Bybit APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7632 | −0.052% | $5.7M | $24.8M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7629 | −0.092% | $2.6M | $5.0M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7630 | −0.079% | $28.8M | $15.3M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7631 | −0.065% | $5.0M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7632 | −0.052% | $8.6M | $13.1M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7628 | −0.105% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7635 | −0.013% | $176K | $383K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7690 | +0.707% | $61K | $581K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7619 | −0.223% | $5K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7632 | −0.052% | $74 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7644 | +0.105% | $249K | $149K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7629 | −0.097% | $79K | $428K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7631 | −0.064% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7633 | −0.033% | $16K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7635 | −0.013% | $1.4M | $949K | 75x | as long as short |
| Kraken Futures PF_APTUSDshort | +0.0251% | 1h | 0.7635 | −0.020% | $530K | $638K | 50x | |
| Coinbase International APT-PERP-INTX | +0.0312% | 1h | 0.7638 | +0.026% | $220K | $459K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0489% | 1h | 0.7628 | −0.103% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0628% | 1h | 0.7634 | −0.032% | $53K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.5000% | 1h | 0.7774 | +1.807% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
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
dYdX APT-USD
01 Exchange APTUSD