Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.011%

Price spread now: GMX against Binance−0.154%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.154% cheaper against Binance than usual: you would sell low and buy high (spread −0.154% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance APTUSDT	0.7725	0.0100	pay 0.0100% / 8h	6h 54m	$28.9M	$105.0M	75x
Short	GMX APT/USD [ETH-USDC]	0.7713	L +0.0189% / S −0.0143%	get 0.0018% / 1h	54m 40s	$17K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee GMXbpOrdersPrice spread, now −0.154%Rate

Funding earned: $9.01
Price spread: −0.154% → 0.000%: −$15.39
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$28.39
Costs to cover: 0.220%
Break-even: 29.1 days

Slippage unknown: Binance: live order book, 3 min ago; GMX: 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 Binance live order book, 3 min ago	1.29 bp	10.3 bp −$10	22.0 bp −$220	74.6 bp −$7,462	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Variational Omni APT	−0.0006%	8h	0.7720	−0.061%	$500K	$331K	—	as long as short
Orderly PERP_APT_USDC	−0.0004%	8h	0.7707	−0.233%	$10K	$7K	10x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7708	−0.216%	$38K	—	150x	as long as short
dYdX APT-USD	0.0000%	1h	0.7726	+0.011%	$54K	$6K	10x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7708	−0.220%	$12K	$418K	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+0.712%	$2K	$240K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7723	−0.026%	$414K	$405K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7726	+0.013%	$5.7M	$5.9M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7718	−0.085%	$244K	$597K	20x	as long as short
Binance APTUSDTlong	+0.0100%	8h	0.7725	long leg	$28.9M	$105.0M	75x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit APTUSDT	+0.0100%	8h	0.7705	−0.259%	$28.0M	$37.8M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7709	−0.207%	$5.8M	$24.7M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7710	−0.194%	$2.7M	$4.7M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7710	−0.194%	$27.9M	$15.0M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7721	−0.052%	$5.4M	$12.3M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7710	−0.194%	$8.6M	$12.8M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7707	−0.233%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7716	−0.117%	$194K	$380K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7780	+0.712%	$63K	$574K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7697	−0.363%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7707	−0.233%	$54	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7745	+0.259%	$260K	$127K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7705	−0.256%	$83K	$489K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7709	−0.202%	$28K	$5K	3x	as long as short
Kraken Futures PF_APTUSD	+0.0139%	1h	0.7717	−0.102%	$526K	$641K	50x	as long as short
GMX APT/USD [ETH-USDC]short	L +0.0189% / S −0.0143%	1h	0.7713	−0.154%	$17K	—	100x
BloFin APT-USDT	+0.0220%	8h	0.7720	−0.065%	$1.5M	$952K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0272%	1h	0.7795	+0.906%	$205K	$538K	50x	as long as short
Reya APTRUSDPERP	+0.0476%	1h	0.7717	−0.099%	$3K	—	20x	as long as short
01 Exchange APTUSD	+0.3376%	1h	0.7823	+1.268%	$2K	—	5x	as long as short