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 Backpack−0.013%7-day average +0.016% · 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−$41as in the Price arb table
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 4 days (all we have)+0.195%+$19 · spread now −0.013%, 7d avg +0.016%
=Together, before fees+0.049%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 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 0.029% cheaper against Backpack than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack APT_USDC_PERP | 0.7696 | 0.0100 | pay 0.0013% / 1h | 8m 49s | $190K | $379K | 20x |
| Short | Hyperliquid APT | 0.7695 | 0.0100 | get 0.0013% / 1h | 8m 49s | $5.3M | $6.1M | 10x |
Backpack APT_USDC_PERP
Hyperliquid APTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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% → +0.016%
- −$2.85
- Slippage, 4 orders
- −$18.69
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$40.54
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 50 min ago; Hyperliquid: live order book, 3 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, 50 min ago | 1.96 bp | 9.3 bp −$9 | 38.9 bp −$389 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.30 bp | 11.4 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 | 0.7694 | −0.026% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7696 | 0.000% | $8K | $497K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0018% | 8h | 0.7698 | +0.026% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.091% | $2K | $240K | 12x | as long as short |
| Variational Omni APT | +0.0044% | 8h | 0.7686 | −0.129% | $513K | $415K | — | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7688 | −0.104% | $410K | $423K | 10x | as long as short |
| Hyperliquid APTshort | +0.0100% | 1h | 0.7695 | −0.013% | $5.3M | $6.1M | 10x | |
| Aster APTUSDT | +0.0100% | 8h | 0.7698 | +0.025% | $97K | $961K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7688 | −0.104% | $28.2M | $106.5M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7682 | −0.182% | $27.4M | $39.6M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Variational Omni APT
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 | 0.7687 | −0.117% | $5.7M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7690 | −0.078% | $2.6M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7688 | −0.104% | $28.8M | $15.3M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7687 | −0.117% | $5.1M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7683 | −0.169% | $8.5M | $12.8M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7689 | −0.091% | — | $25.9M | — | as long as short |
| Backpack APT_USDC_PERPlong | +0.0100% | 1h | 0.7696 | long leg | $190K | $379K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7690 | −0.078% | $62K | $580K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7683 | −0.169% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7693 | −0.039% | $70 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7695 | −0.013% | $260K | $116K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7680 | −0.203% | $82K | $490K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7691 | −0.065% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7694 | −0.025% | $16K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7699 | +0.039% | $1.4M | $951K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0315% | 1h | 0.7693 | −0.044% | $533K | $640K | 50x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0328% | 1h | 0.7700 | +0.052% | $221K | $461K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0486% | 1h | 0.7694 | −0.025% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0776% | 1h | 0.7693 | −0.044% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.5024% | 1h | 0.7802 | +1.377% | $2K | — | 5x | as long as short |
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]
BloFin APT-USDT
Kraken Futures PF_APTUSD
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD