Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.001%
Price spread now: Bitget against Backpack−0.225%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days−0.085%−$8 on $10k
+Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.225%, 7d avg −0.075%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.150% cheaper against Backpack than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.075%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack APT_USDC_PERP | 0.8007 | 0.0144 | pay 0.0018% / 1h | 16m 31s | $202K | $369K | 20x |
| Short | Bitget APTUSDT | 0.7989 | 0.0100 | get 0.0100% / 8h | 16m 31s | $9.0M | $12.7M | 75x |
Backpack APT_USDC_PERP
Bitget APTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$9.29
- Price spread: −0.225% → −0.075%
- −$14.95
- Slippage, 4 orders
- −$21.22
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$67.47
- Costs to cover
- 0.432%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 62 min ago; Bitget: live order book, 2 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, 62 min ago | 0.64 bp | 8.6 bp −$9 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.25 bp | 11.8 bp −$12 | 19.4 bp −$194 | 63.1 bp −$6,308 | 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_APTUSD | −0.0397% | 1h | 0.8009 | +0.028% | $554K | $641K | 50x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0125% | 1h | 0.8000 | −0.087% | $14K | $415K | 50x | as long as short |
| Variational Omni APT | −0.0035% | 8h | 0.8058 | +0.642% | $525K | $320K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0010% | 8h | 0.7998 | −0.112% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7993 | −0.174% | $21K | — | 150x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −2.835% | $2K | $241K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7998 | −0.112% | $430K | $390K | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.8006 | −0.012% | $308K | $479K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7992 | −0.194% | $30.4M | $100.9M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7991 | −0.200% | $29.7M | $37.0M | 50x | as long as short |
Kraken Futures PF_APTUSD
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Injective APT/USDC PERP
Lighter 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 | 0.7990 | −0.212% | $6.4M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7995 | −0.150% | $2.8M | $4.8M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7990 | −0.212% | $29.1M | $14.9M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7993 | −0.175% | $5.6M | $12.3M | 50x | as long as short |
| Bitget APTUSDTshort | +0.0100% | 8h | 0.7989 | −0.225% | $9.0M | $12.7M | 75x | |
| BingX APT-USDC | +0.0100% | 8h | 0.7995 | −0.150% | — | $6.5M | — | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.8020 | +0.162% | $66K | $571K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7983 | −0.300% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.8000 | −0.087% | $59 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.8014 | +0.087% | $270K | $140K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7988 | −0.241% | $86K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.8000 | −0.087% | $25K | — | 3x | as long as short |
| Backpack APT_USDC_PERPlong | +0.0144% | 1h | 0.8007 | long leg | $202K | $369K | 20x | |
| Hyperliquid APT | +0.0152% | 1h | 0.8005 | −0.025% | $6.3M | $5.6M | 10x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0191% / S −0.0143% | 1h | 0.8001 | −0.075% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7996 | −0.137% | $1.5M | $831K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0240% | 1h | 0.8083 | +0.949% | $215K | $585K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0471% | 1h | 0.7990 | −0.216% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0795% | 1h | 0.8009 | +0.022% | $56K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.1736% | 1h | 0.8051 | +0.550% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
BingX APT-USDC
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
Hyperliquid APT
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD