Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.032%
Price spread now: BloFin against Backpack−0.205%66s7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as 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−$410.407% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 3 days (all we have)+1.895%+$189 · spread now −0.205%, 7d avg +0.034%
=Funding pays, the price is against you. BloFin is 0.239% cheaper against Backpack than usual: you would sell low and buy high (spread −0.205% now, against its 7-day average of +0.034%). If the spread goes back, that is −$24 on $10k: about 6.6 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.096% in total) that is about 17 days. The two prices were read 66 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 | Backpack APT_USDC_PERP | 0.7815 | 0.0100 | pay 0.0013% / 1h | 56m 11s | $198K | $361K | 20x |
| Short | BloFin APT-USDT | 0.7799 | 0.0220 | get 0.0220% / 8h | 1h 56m | $1.5M | $768K | 75x |
Backpack APT_USDC_PERP
BloFin APT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.205% → +0.034%
- −$23.92
- Slippage, 4 orders
- −$18.68
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$39.4
- Costs to cover
- 0.407%
- Break-even
- 17.9 days
Slippage from Backpack: live order book, 27 min ago; BloFin: live order book, 1 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, 27 min ago | 0.64 bp | 7.7 bp −$8 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 1.28 bp | 16.7 bp −$17 | 27.3 bp −$273 | 64.7 bp −$6,469 | 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 | −0.0425% | 1h | 0.7812 | −0.039% | $536K | $619K | 50x | as long as short |
| 01 Exchange APTUSD | −0.0416% | 1h | 0.7798 | −0.218% | $2K | — | 5x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0262% | 1h | 0.7813 | −0.026% | $7K | $382K | 50x | as long as short |
| Variational Omni APT | −0.0091% | 8h | 0.7787 | −0.356% | $611K | $224K | — | as long as short |
| Injective APT/USDC PERP | −0.0033% | 1h | 0.7780 | −0.448% | $2K | $241K | 12x | as long as short |
| Orderly PERP_APT_USDC | −0.0021% | 8h | 0.7813 | −0.026% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7816 | +0.019% | $22K | — | 150x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7809 | −0.077% | $428K | $350K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7818 | +0.038% | $5.9M | $5.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7814 | −0.015% | $304K | $464K | 20x | as long as short |
Kraken Futures PF_APTUSD
01 Exchange APTUSD
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Injective APT/USDC PERP
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Lighter APT
Hyperliquid APT
Aster APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance APTUSDT | +0.0100% | 8h | 0.7811 | −0.048% | $28.8M | $97.0M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7808 | −0.090% | $29.1M | $35.4M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7809 | −0.077% | $6.2M | $23.3M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7805 | −0.128% | $2.7M | $4.6M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7810 | −0.064% | $27.9M | $14.3M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7810 | −0.064% | $5.5M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7808 | −0.090% | $8.9M | $12.3M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7809 | −0.077% | — | $26.2M | — | as long as short |
| Backpack APT_USDC_PERPlong | +0.0100% | 1h | 0.7815 | long leg | $198K | $361K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7800 | −0.192% | $65K | $568K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7795 | −0.256% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7809 | −0.077% | $56 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7795 | −0.256% | $263K | $137K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7807 | −0.102% | $83K | $479K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7812 | −0.045% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7814 | −0.017% | $17K | — | 100x | as long as short |
| BloFin APT-USDTshort | +0.0220% | 8h | 0.7799 | −0.205% | $1.5M | $768K | 75x | |
| Coinbase International APT-PERP-INTX | +0.0288% | 1h | 0.7819 | +0.051% | $211K | $547K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0465% | 1h | 0.7807 | −0.101% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0621% | 1h | 0.7818 | +0.038% | $55K | $5K | 10x | as long as short |
Binance APTUSDT
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD