Funding you earn now, next payment 03:00 UTC+0.0127%/8h= +13.9% APRnext payment +$0.16 per $10,000 · paid last 24h −0.101%
Price spread now: Kraken Futures against Backpack−0.141%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$760.759% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)+3.192%+$319 · spread now −0.141%, 7d avg +0.008%
=Funding pays, the price is against you. Kraken Futures is 0.149% cheaper against Backpack than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of +0.008%). If the spread goes back, that is −$15 on $10k: about 3.9 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack APT_USDC_PERP | 0.7806 | 0.0127 | pay 0.0016% / 1h | 17m 53s | $196K | $372K | 20x |
| Short | Kraken Futures PF_APTUSD | 0.7795 | 0.0254 | get 0.0032% / 1h | 17m 53s | $535K | $625K | 50x |
Backpack APT_USDC_PERP
Kraken Futures PF_APTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $26.66
- Price spread: −0.141% → +0.008%
- −$14.93
- Slippage, 4 orders
- −$55.95
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$64.22
- Costs to cover
- 0.759%
- Break-even
- 23.9 days
Slippage from Backpack: live order book, 46 min ago; Kraken Futures: live order book, 45 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, 46 min ago | 0.65 bp | 8.0 bp −$8 | 31.9 bp −$319 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 45 min ago | 7.77 bp | 18.8 bp −$19 | 78.5 bp −$785 | 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 | 0.7798 | −0.103% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7796 | −0.128% | $17K | $428K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0011% | 8h | 0.7795 | −0.141% | $10K | $7K | 10x | as long as short |
| Variational Omni APT | +0.0032% | 8h | 0.7787 | −0.243% | $525K | $410K | — | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −0.333% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7797 | −0.115% | $416K | $417K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7804 | −0.026% | $5.4M | $6.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7802 | −0.045% | $97K | $945K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7805 | −0.011% | $28.7M | $104.7M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7802 | −0.051% | $28.2M | $38.0M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Variational Omni APT
Injective APT/USDC PERP
Lighter APT
Hyperliquid 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 | 0.7800 | −0.077% | $5.8M | $24.7M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7804 | −0.026% | $2.7M | $4.8M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7808 | +0.026% | $29.5M | $15.3M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7801 | −0.064% | $5.3M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7805 | −0.013% | $8.6M | $12.5M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7805 | −0.013% | — | $26.0M | — | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7790 | −0.205% | $64K | $578K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7794 | −0.154% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7794 | −0.154% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7804 | −0.026% | $264K | $117K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7801 | −0.067% | $80K | $484K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7796 | −0.130% | $29K | $5K | 3x | as long as short |
| Backpack APT_USDC_PERPlong | +0.0127% | 1h | 0.7806 | long leg | $196K | $372K | 20x | |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7794 | −0.152% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7804 | −0.026% | $1.4M | $965K | 75x | as long as short |
| Kraken Futures PF_APTUSDshort | +0.0254% | 1h | 0.7795 | −0.141% | $535K | $625K | 50x | |
| Coinbase International APT-PERP-INTX | +0.0320% | 1h | 0.7810 | +0.051% | $205K | $536K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0482% | 1h | 0.7803 | −0.042% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.1147% | 1h | 0.7801 | −0.058% | $55K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.3560% | 1h | 0.7817 | +0.141% | $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
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD