Funding you earn now, next payment 07:00 UTC+0.0261%/8h= +28.6% APRnext payment +$0.33 per $10,000 · paid last 24h −0.138%
Price spread now: Injective against Kraken Futures+1.768%7-day average −0.230% · you sell dearer than you buy
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs+$30as in the Price arb table
costs, in and out, $10k−$1701.700% of the position
Funding, last 7 days−0.411%−$41 on $10k
+Price spread, last 4 days (all we have)−2.388%−$239 · spread now +1.768%, 7d avg −0.230%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 1.999% dearer against Kraken Futures than usual: you sell high and buy low: +$200 more if the spread goes back to its 7-day average of −0.230%. Mind the row above: over the last 7 days funding on this pair cost −0.411%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_APTUSD | 0.7645 | −0.0228 | get 0.0029% / 1h | 3m 00s | $522K | $609K | 50x |
| Short | Injective APT/USDC PERP | 0.7780 | 0.0033 | get 0.0004% / 1h | 3m 00s | $2K | $240K | 12x |
Kraken Futures PF_APTUSD
Injective APT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $54.89
- Price spread: +1.768% → −0.230%
- $199.87
- Slippage, 4 orders
- −$160.01
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $84.72
- Costs to cover
- 1.700%
- Break-even
- from the start
Slippage from Kraken Futures: live order book, 40 min ago; Injective: live order book, 41 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, 40 min ago | 4.58 bp | 18.0 bp −$18 | 72.6 bp −$726 | doesn't fit | doesn't fit |
| Sell Injective live order book, 41 min ago | 52.29 bp | 67.8 bp −$68 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APTUSDlong | −0.0228% | 1h | 0.7645 | long leg | $522K | $609K | 50x | |
| Variational Omni APT | −0.0020% | 8h | 0.7670 | +0.332% | $491K | $421K | — | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7655 | +0.135% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7643 | −0.024% | $19K | $599K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0020% | 8h | 0.7642 | −0.037% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERPshort | +0.0033% | 1h | 0.7780 | +1.768% | $2K | $240K | 12x | |
| Lighter APT | +0.0096% | 1h | 0.7640 | −0.063% | $409K | $427K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7644 | −0.011% | $4.8M | $6.0M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7642 | −0.038% | $90K | $918K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7638 | −0.087% | $27.8M | $101.0M | 75x | as long as short |
Variational Omni APT
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
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 | 0.7633 | −0.154% | $27.3M | $39.0M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7634 | −0.141% | $5.7M | $24.1M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7639 | −0.076% | $2.6M | $4.8M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7641 | −0.050% | $30.5M | $15.5M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7641 | −0.050% | $4.9M | $11.7M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7635 | −0.128% | $8.6M | $12.4M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7640 | −0.063% | — | $26.0M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7644 | −0.011% | $173K | $309K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7670 | +0.330% | $62K | $581K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7637 | −0.102% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7641 | −0.050% | $86 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7677 | +0.421% | $252K | $181K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7632 | −0.163% | $80K | $551K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7643 | −0.017% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7643 | −0.023% | $16K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7646 | +0.016% | $1.4M | $799K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0360% | 1h | 0.7650 | +0.068% | $221K | $310K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0497% | 1h | 0.7645 | 0.000% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0918% | 1h | 0.7655 | +0.128% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.5096% | 1h | 0.7784 | +1.821% | $2K | — | 5x | as long as short |
Bybit APTUSDT
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
dYdX APT-USD
01 Exchange APTUSD