Funding you earn now, next payment 23:00 UTC−0.0133%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h −0.329%
Price spread now: Injective against Backpack−1.407%7-day average −0.287% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$1041.042% of the position
Funding, last 7 days−0.435%−$43 on $10k
+Price spread, last 3 days (all we have)+2.033%+$203 · spread now −1.407%, 7d avg −0.287%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 1.120% cheaper against Backpack than usual: you would sell low and buy high (−$112 if the spread goes back to its 7-day average of −0.287%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack APT_USDC_PERP | 0.7891 | 0.0100 | pay 0.0013% / 1h | 2m 35s | $201K | $368K | 20x |
| Short | Injective APT/USDC PERP | 0.7780 | −0.0033 | pay 0.0004% / 1h | 2m 35s | $2K | $241K | 12x |
Backpack APT_USDC_PERP
Injective APT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$27.87
- Price spread: −1.407% → −0.287%
- −$112
- Slippage, 4 orders
- −$94.19
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$244.09
- Costs to cover
- 1.042%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 16 min ago; Injective: live order book, 16 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 | 0.64 bp | 8.6 bp −$9 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell Injective live order book, 16 min ago | 44.61 bp | 44.6 bp −$45 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange APTUSD | −0.0440% | 1h | 0.7878 | −0.165% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0421% | 1h | 0.7888 | −0.043% | $544K | $635K | 50x | as long as short |
| Variational Omni APT | −0.0061% | 8h | 0.7880 | −0.134% | $617K | $214K | — | as long as short |
| Injective APT/USDC PERPshort | −0.0033% | 1h | 0.7780 | −1.407% | $2K | $241K | 12x | |
| Orderly PERP_APT_USDC | −0.0018% | 8h | 0.7888 | −0.038% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7889 | −0.025% | $22K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7889 | −0.025% | $7K | $387K | 50x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7891 | 0.000% | $432K | $351K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7899 | +0.101% | $6.0M | $5.3M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7889 | −0.020% | $307K | $465K | 20x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
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 | 0.7895 | +0.051% | $29.1M | $97.7M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7890 | −0.013% | $29.5M | $35.6M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7889 | −0.025% | $6.2M | $23.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7889 | −0.025% | $2.8M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7896 | +0.063% | $28.6M | $14.7M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7887 | −0.051% | $5.6M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7892 | +0.013% | $8.9M | $12.3M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7889 | −0.025% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERPlong | +0.0100% | 1h | 0.7891 | long leg | $201K | $368K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7880 | −0.139% | $66K | $568K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7877 | −0.177% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7887 | −0.051% | $75 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7883 | −0.101% | $266K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7888 | −0.035% | $84K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7886 | −0.068% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7886 | −0.068% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7893 | +0.025% | $1.5M | $800K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0288% | 1h | 0.7897 | +0.076% | $210K | $561K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0469% | 1h | 0.7888 | −0.044% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0958% | 1h | 0.7888 | −0.039% | $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-USDC
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
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD