Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.289%
Price spread now: Injective against BingX+0.374%7-day average −0.255% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$1021.020% of the position
Funding, last 7 days−0.386%−$39 on $10k
+Price spread, last 3 days (all we have)−0.187%−$19 · spread now +0.374%, 7d avg −0.255%
=The price spread pays, funding is against you. Injective is 0.629% dearer against BingX than usual: you sell high and buy low (spread +0.374% now, against its 7-day average of −0.255%): +$63 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 days. At the pace of the last 7 days (−0.386% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX APT-USDT | 0.7751 | 0.0100 | pay 0.0100% / 8h | 6h 33m | — | $26.0M | — |
| Short | Injective APT/USDC PERP | 0.7780 | 0.0033 | get 0.0004% / 1h | 33m 16s | $2K | $240K | 12x |
BingX APT-USDT
Injective APT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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
- −$14
- Price spread: +0.374% → −0.255%
- $62.92
- Slippage, 4 orders
- −$92.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$53.12
- Costs to cover
- 1.020%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Injective: live order book, 36 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 BingX live order book, 10 min ago | 1.28 bp | 6.3 bp −$6 | 7.3 bp −$73 | 14.5 bp −$1,447 | 35.2 bp −$17.6K |
| Sell Injective live order book, 36 min ago | 44.16 bp | 44.2 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
APT on 29 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 | 0.7752 | +0.013% | $39K | — | 150x | as long as short |
| Orderly PERP_APT_USDC | −0.0001% | 8h | 0.7750 | −0.013% | $10K | $7K | 10x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7751 | 0.000% | $12K | $418K | 50x | as long as short |
| Variational Omni APT | +0.0003% | 8h | 0.7738 | −0.164% | $501K | $331K | — | as long as short |
| dYdX APT-USD | +0.0026% | 1h | 0.7757 | +0.083% | $54K | $6K | 10x | as long as short |
| Injective APT/USDC PERPshort | +0.0033% | 1h | 0.7780 | +0.374% | $2K | $240K | 12x | |
| Lighter APT | +0.0096% | 1h | 0.7746 | −0.065% | $415K | $407K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7758 | +0.090% | $5.6M | $6.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7750 | −0.010% | $243K | $924K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7748 | −0.034% | $28.6M | $106.4M | 75x | as long as short |
gTrade (Gains Network) APT/USD
Orderly PERP_APT_USDC
Deribit APT_USDC-PERPETUAL
Variational Omni APT
dYdX APT-USD
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance APTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APTUSDT | +0.0100% | 8h | 0.7746 | −0.065% | $28.1M | $38.2M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7749 | −0.026% | $5.8M | $25.0M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7754 | +0.039% | $2.7M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7756 | +0.065% | $28.5M | $15.3M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7752 | +0.013% | $5.3M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7748 | −0.039% | $8.7M | $12.9M | 75x | as long as short |
| BingX APT-USDTlong | +0.0100% | 8h | 0.7751 | long leg | — | $26.0M | — | |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7779 | +0.361% | $193K | $391K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7740 | −0.142% | $63K | $576K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7740 | −0.142% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7751 | 0.000% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7775 | +0.310% | $261K | $126K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7747 | −0.056% | $84K | $489K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7751 | −0.001% | $28K | $5K | 3x | as long as short |
| Kraken Futures PF_APTUSD | +0.0138% | 1h | 0.7750 | −0.019% | $528K | $643K | 50x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7754 | +0.038% | $17K | — | 100x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0272% | 1h | 0.7749 | −0.026% | $204K | $534K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0478% | 1h | 0.7751 | +0.005% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.2720% | 1h | 0.7809 | +0.748% | $2K | — | 5x | as long as short |
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
Kraken Futures PF_APTUSD
GMX APT/USD [ETH-USDC]
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
01 Exchange APTUSD