Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Hyperliquid against ApeX Omni+0.758%84s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.794% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−1.019%−$102 · spread now +0.758%, 7d avg +0.008%

Together, before fees−1.105%+ Points / potential airdropHyperliquid: Season 2 · farm board−$111 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.750% dearer against ApeX Omni than usual: you sell high and buy low, +$75 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni APTUSDT	0.7650	0.0100	pay 0.0013% / 1h	32m 06s	$61K	$581K	50x
Short	Hyperliquid APT	0.7708	0.0100	get 0.0013% / 1h	32m 06s	$5.3M	$6.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee HyperliquidbpOrdersPrice spread, now +0.758%Rate

Funding earned: $0
Price spread: +0.758% → +0.008%: $74.99
Slippage, 4 orders: −$60.37
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$4.39
Costs to cover: 0.794%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 26 min ago; Hyperliquid: live order book, 10 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 ApeX Omni live order book, 26 min ago	19.57 bp	29.9 bp −$30	191.7 bp −$1,917	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.31 bp	10.7 bp −$11	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
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7692	+0.549%	$21K	—	150x	as long as short
Orderly PERP_APT_USDC	+0.0017%	8h	0.7697	+0.614%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+1.699%	$2K	$240K	12x	as long as short
Variational Omni APT	+0.0042%	8h	0.7620	−0.390%	$509K	$415K	—	as long as short
Lighter APT	+0.0096%	1h	0.7697	+0.614%	$411K	$421K	10x	as long as short
Hyperliquid APTshort	+0.0100%	1h	0.7708	+0.758%	$5.3M	$6.2M	10x
Aster APTUSDT	+0.0100%	8h	0.7689	+0.509%	$97K	$961K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7705	+0.719%	$28.2M	$106.5M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7702	+0.680%	$27.5M	$39.0M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7702	+0.680%	$5.7M	$24.9M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate APT_USDT	+0.0100%	8h	0.7704	+0.706%	$2.6M	$4.9M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7700	+0.654%	$28.9M	$15.2M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7705	+0.719%	$5.1M	$12.3M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7703	+0.693%	$8.6M	$12.8M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7701	+0.667%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7708	+0.758%	$190K	$381K	20x	as long as short
ApeX Omni APTUSDTlong	+0.0100%	1h	0.7650	long leg	$61K	$581K	50x
SunX APT-USDT	+0.0100%	8h	0.7674	+0.314%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7700	+0.654%	$65	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7633	−0.222%	$258K	$117K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7697	+0.611%	$81K	$486K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7699	+0.643%	$28K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0189% / S −0.0143%	1h	0.7693	+0.567%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7681	+0.405%	$1.4M	$947K	75x	as long as short
Kraken Futures PF_APTUSD	+0.0315%	1h	0.7697	+0.620%	$532K	$639K	50x	as long as short
Coinbase International APT-PERP-INTX	+0.0328%	1h	0.7700	+0.654%	$222K	$457K	50x	as long as short
Deribit APT_USDC-PERPETUAL	+0.0400%	1h	0.7701	+0.667%	$17K	$443K	50x	as long as short
Reya APTRUSDPERP	+0.0485%	1h	0.7692	+0.553%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0592%	1h	0.7686	+0.466%	$54K	$6K	10x	as long as short
01 Exchange APTUSD	+0.5544%	1h	0.7769	+1.556%	$2K	—	5x	as long as short