Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%
Price spread now: Bybit against Backpack+0.013%7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Funding, last 7 days−0.181%−$18 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.013%, 7d avg −0.100%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.113% dearer against Backpack than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.100%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack APT_USDC_PERP | 0.7765 | 0.0100 | pay 0.0013% / 1h | 52m 48s | $195K | $380K | 20x |
| Short | Bybit APTUSDT | 0.7766 | 0.0100 | get 0.0100% / 8h | 6h 52m | $28.2M | $37.8M | 50x |
Backpack APT_USDC_PERP
Bybit APTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.013% → −0.100%
- $11.29
- Slippage, 4 orders
- −$21.6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$31.31
- Costs to cover
- 0.426%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 16 min ago; Bybit: 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, 16 min ago | 0.63 bp | 7.4 bp −$7 | 28.3 bp −$283 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.65 bp | 14.0 bp −$14 | 25.2 bp −$252 | 76.7 bp −$7,670 | 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 | −0.576% | $500K | $331K | — | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7758 | −0.089% | $39K | — | 150x | as long as short |
| Orderly PERP_APT_USDC | −0.0004% | 8h | 0.7758 | −0.090% | $10K | $7K | 10x | as long as short |
| dYdX APT-USD | 0.0000% | 1h | 0.7751 | −0.180% | $54K | $6K | 10x | as long as short |
| Deribit APT_USDC-PERPETUAL | +0.0008% | 1h | 0.7760 | −0.064% | $12K | $418K | 50x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +0.193% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7759 | −0.077% | $416K | $405K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7769 | +0.052% | $5.6M | $6.0M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7761 | −0.057% | $243K | $596K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7769 | +0.046% | $29.1M | $105.2M | 75x | as long as short |
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 APTUSDT
Binance APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APTUSDTshort | +0.0100% | 8h | 0.7766 | +0.013% | $28.2M | $37.8M | 50x | |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7764 | −0.013% | $5.8M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7769 | +0.052% | $2.7M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7771 | +0.077% | $28.7M | $15.1M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7765 | 0.000% | $5.4M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7766 | +0.013% | $8.6M | $12.8M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7768 | +0.039% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERPlong | +0.0100% | 1h | 0.7765 | long leg | $195K | $380K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7780 | +0.193% | $63K | $574K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7747 | −0.232% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7760 | −0.064% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7752 | −0.167% | $261K | $127K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7769 | +0.049% | $84K | $489K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7756 | −0.111% | $28K | $5K | 3x | as long as short |
| Kraken Futures PF_APTUSD | +0.0138% | 1h | 0.7757 | −0.104% | $528K | $642K | 50x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7762 | −0.040% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7761 | −0.052% | $1.5M | $958K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0272% | 1h | 0.7759 | −0.077% | $204K | $536K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0476% | 1h | 0.7758 | −0.091% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.3536% | 1h | 0.7814 | +0.631% | $2K | — | 5x | as long as short |
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