Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.025%
Price spread now: Orderly against Backpack+0.091%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Orderly is 0.091% dearer against Backpack than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days. The two prices were read 46 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 | 0.7670 | 0.0100 | pay 0.0013% / 1h | 57m 09s | $194K | $378K | 20x |
| Short | Orderly PERP_APT_USDC | 0.7677 | 0.0012 | get 0.0012% / 8h | 4h 57m | $10K | $7K | 10x |
Backpack APT_USDC_PERP
Orderly PERP_APT_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$18.46
- Price spread: +0.091% → 0.000%
- $9.13
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$25.33
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.
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, 1 min ago | 1.96 bp | 9.3 bp −$9 | 38.9 bp −$389 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.7673 | +0.045% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7679 | +0.117% | $17K | $428K | 50x | as long as short |
| Orderly PERP_APT_USDCshort | +0.0012% | 8h | 0.7677 | +0.091% | $10K | $7K | 10x | |
| Variational Omni APT | +0.0029% | 8h | 0.7669 | −0.014% | $512K | $415K | — | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.434% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7675 | +0.065% | $411K | $419K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7675 | +0.065% | $5.3M | $6.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7669 | −0.018% | $100K | $957K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7680 | +0.130% | $28.1M | $105.7M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7679 | +0.117% | $27.5M | $38.4M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
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 | 0.7677 | +0.091% | $5.7M | $24.6M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7666 | −0.052% | $2.6M | $4.8M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7688 | +0.235% | $28.9M | $15.2M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7672 | +0.026% | $5.1M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7685 | +0.196% | $8.6M | $12.7M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7672 | +0.026% | — | $26.0M | — | as long as short |
| Backpack APT_USDC_PERPlong | +0.0100% | 1h | 0.7670 | long leg | $194K | $378K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7670 | 0.000% | $62K | $582K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7667 | −0.039% | $5K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7678 | +0.104% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7668 | −0.026% | $259K | $118K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7674 | +0.055% | $83K | $483K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7679 | +0.116% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7674 | +0.046% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7676 | +0.078% | $1.4M | $947K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0315% | 1h | 0.7682 | +0.156% | $531K | $637K | 50x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0328% | 1h | 0.7689 | +0.248% | $221K | $494K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0483% | 1h | 0.7670 | −0.005% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0974% | 1h | 0.7650 | −0.261% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.5232% | 1h | 0.7785 | +1.499% | $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