Funding you earn now, next payment 23:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h −0.325%
Price spread now: Injective against Binance−1.482%57s7-day average −0.258% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1101.095% of the position
Funding, last 7 days−0.276%−$28 on $10k
+Price spread, last 3 days (all we have)+2.137%+$214 · spread now −1.482%, 7d avg −0.258%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 1.224% cheaper against Binance than usual: you would sell low and buy high (−$122 if the spread goes back to its 7-day average of −0.258%). Swap the legs. The two prices were read 57 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 | Binance APTUSDT | 0.7897 | 0.0100 | pay 0.0100% / 8h | 1h 00m | $29.2M | $97.8M | 75x |
| Short | Injective APT/USDC PERP | 0.7780 | −0.0033 | pay 0.0004% / 1h | 0m 15s | $2K | $241K | 12x |
Binance APTUSDT
Injective APT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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: −1.482% → −0.258%
- −$122.36
- Slippage, 4 orders
- −$99.53
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$259.78
- Costs to cover
- 1.095%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Injective: live order book, 19 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 Binance live order book, 13 min ago | 0.63 bp | 9.0 bp −$9 | 18.6 bp −$186 | 67.6 bp −$6,756 | doesn't fit |
| Sell Injective live order book, 19 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 | −0.0448% | 1h | 0.7879 | −0.228% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0420% | 1h | 0.7899 | +0.025% | $545K | $635K | 50x | as long as short |
| Variational Omni APT | −0.0063% | 8h | 0.7887 | −0.121% | $619K | $214K | — | as long as short |
| Injective APT/USDC PERPshort | −0.0033% | 1h | 0.7780 | −1.482% | $2K | $241K | 12x | |
| Orderly PERP_APT_USDC | −0.0017% | 8h | 0.7895 | −0.025% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7899 | +0.020% | $22K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7898 | +0.013% | $7K | $387K | 50x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7896 | −0.013% | $432K | $351K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7907 | +0.127% | $6.1M | $5.3M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7900 | +0.032% | $308K | $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 APTUSDTlong | +0.0100% | 8h | 0.7897 | long leg | $29.2M | $97.8M | 75x | |
| Bybit APTUSDT | +0.0100% | 8h | 0.7895 | −0.025% | $29.5M | $35.6M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7892 | −0.063% | $6.2M | $23.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7895 | −0.025% | $2.8M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7899 | +0.025% | $28.6M | $14.7M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7894 | −0.038% | $5.6M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7895 | −0.025% | $8.9M | $12.3M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7897 | 0.000% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7902 | +0.063% | $199K | $368K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7890 | −0.089% | $66K | $570K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7886 | −0.139% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7896 | −0.013% | $76 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7900 | +0.038% | $267K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7892 | −0.067% | $84K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7897 | +0.003% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7894 | −0.040% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7899 | +0.025% | $1.5M | $800K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0288% | 1h | 0.7897 | 0.000% | $210K | $561K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0469% | 1h | 0.7896 | −0.009% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0990% | 1h | 0.7900 | +0.036% | $55K | $5K | 10x | as long as short |
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
Backpack APT_USDC_PERP
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