Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Binance against Backpack−0.099%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.099%, 7d avg −0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.074% cheaper against Backpack than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack APT_USDC_PERP | 0.7779 | 0.0100 | pay 0.0013% / 1h | 52m 04s | $195K | $380K | 20x |
| Short | Binance APTUSDT | 0.7771 | 0.0100 | get 0.0100% / 8h | 6h 52m | $29.1M | $105.3M | 75x |
Backpack APT_USDC_PERP
Binance APTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Backpack. 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
- $0
- Price spread: −0.099% → −0.025%
- −$7.41
- Slippage, 4 orders
- −$14.95
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$42.36
- Costs to cover
- 0.350%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 17 min ago; Binance: live order book, 6 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 Backpack live order book, 17 min ago | 0.63 bp | 7.4 bp −$7 | 28.3 bp −$283 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.29 bp | 9.9 bp −$10 | 21.1 bp −$211 | 72.2 bp −$7,223 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni APT | −0.0006% | 8h | 0.7720 | −0.755% | $500K | $331K | — | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7769 | −0.127% | $39K | — | 150x | as long as short |
| Orderly PERP_APT_USDC | −0.0004% | 8h | 0.7776 | −0.039% | $10K | $7K | 10x | as long as short |
| dYdX APT-USD | 0.0000% | 1h | 0.7761 | −0.231% | $54K | $6K | 10x | as long as short |
| Deribit APT_USDC-PERPETUAL | +0.0007% | 1h | 0.7774 | −0.064% | $12K | $418K | 50x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +0.013% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7768 | −0.141% | $416K | $405K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7776 | −0.039% | $5.6M | $6.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7776 | −0.041% | $244K | $593K | 20x | as long as short |
| Binance APTUSDTshort | +0.0100% | 8h | 0.7771 | −0.099% | $29.1M | $105.3M | 75x |
Variational Omni APT
gTrade (Gains Network) APT/USD
Orderly PERP_APT_USDC
dYdX APT-USD
Deribit APT_USDC-PERPETUAL
Injective APT/USDC PERP
Lighter APT
Hyperliquid APT
Aster APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APTUSDT | +0.0100% | 8h | 0.7770 | −0.116% | $28.2M | $37.9M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7772 | −0.090% | $5.8M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7774 | −0.064% | $2.7M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7770 | −0.116% | $28.7M | $15.1M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7774 | −0.064% | $5.4M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7773 | −0.077% | $8.6M | $12.8M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7774 | −0.064% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERPlong | +0.0100% | 1h | 0.7779 | long leg | $195K | $380K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7780 | +0.013% | $63K | $574K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7760 | −0.244% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7771 | −0.103% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7752 | −0.347% | $261K | $127K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7769 | −0.134% | $84K | $489K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7773 | −0.082% | $28K | $5K | 3x | as long as short |
| Kraken Futures PF_APTUSD | +0.0138% | 1h | 0.7769 | −0.133% | $529K | $642K | 50x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7773 | −0.074% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7761 | −0.231% | $1.5M | $958K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0272% | 1h | 0.7777 | −0.026% | $205K | $537K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0476% | 1h | 0.7776 | −0.037% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.3336% | 1h | 0.7814 | +0.450% | $2K | — | 5x | as long as short |
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
Kraken Futures PF_APTUSD
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
01 Exchange APTUSD