Funding you earn now, next payment 02:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h +0.102%
Price spread now: BingX against Kraken Futures+0.055%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$870.869% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 3 days (all we have)−0.730%−$73 · spread now +0.055%, 7d avg −0.065%
=The price spread pays, funding is against you. BingX is 0.120% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.065%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_APTUSD | 0.7759 | 0.0138 | pay 0.0017% / 1h | 46m 45s | $528K | $642K | 50x |
| Short | BingX APT-USDC | 0.7763 | 0.0100 | get 0.0100% / 8h | 6h 46m | — | $6.5M | — |
Kraken Futures PF_APTUSD
BingX APT-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$7.94
- Price spread: +0.055% → −0.065%
- $11.99
- Slippage, 4 orders
- −$66.9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$82.85
- Costs to cover
- 0.869%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 21 min ago; BingX: live order book, 4 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, 21 min ago | 10.72 bp | 27.7 bp −$28 | 94.5 bp −$945 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 1.28 bp | 15.4 bp −$15 | 38.5 bp −$385 | 250.7 bp −$25.1K | 656.1 bp −$328.0K |
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 | −0.0008% | 1h | 0.7762 | +0.042% | $12K | $418K | 50x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7767 | +0.103% | $39K | — | 150x | as long as short |
| Orderly PERP_APT_USDC | −0.0004% | 8h | 0.7759 | +0.003% | $10K | $7K | 10x | as long as short |
| Variational Omni APT | −0.0003% | 8h | 0.7763 | +0.058% | $502K | $331K | — | as long as short |
| dYdX APT-USD | 0.0000% | 1h | 0.7769 | +0.130% | $54K | $6K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +0.274% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7766 | +0.093% | $416K | $405K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7775 | +0.209% | $5.6M | $6.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7770 | +0.140% | $244K | $589K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7769 | +0.127% | $29.0M | $105.3M | 75x | as long as short |
Deribit APT_USDC-PERPETUAL
gTrade (Gains Network) APT/USD
Orderly PERP_APT_USDC
Variational Omni APT
dYdX APT-USD
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 APTUSDT | +0.0100% | 8h | 0.7761 | +0.029% | $28.2M | $37.9M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7763 | +0.055% | $5.9M | $25.0M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7772 | +0.171% | $2.7M | $4.8M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7769 | +0.132% | $28.7M | $15.1M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7770 | +0.145% | $5.4M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7766 | +0.093% | $8.6M | $12.8M | 75x | as long as short |
| BingX APT-USDCshort | +0.0100% | 8h | 0.7763 | +0.055% | — | $6.5M | — | |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7763 | +0.055% | $195K | $380K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7780 | +0.274% | $63K | $575K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7747 | −0.152% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7760 | +0.016% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7768 | +0.119% | $261K | $129K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7760 | +0.019% | $84K | $489K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7755 | −0.048% | $28K | $5K | 3x | as long as short |
| Kraken Futures PF_APTUSDlong | +0.0138% | 1h | 0.7759 | long leg | $528K | $642K | 50x | |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7763 | +0.053% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7781 | +0.287% | $1.5M | $961K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0272% | 1h | 0.7787 | +0.364% | $205K | $537K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0477% | 1h | 0.7760 | +0.011% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.2576% | 1h | 0.7814 | +0.712% | $2K | — | 5x | as long as short |
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
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