Settings8H · net · $10k
Funding arb · Price arb /

APT

all APT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.065%
Price spread now: Coinbase International against Bitget+0.345%7-day average +0.197% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$1041.045% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.355%+$36 on $10k
Price spread, last 3 days (all we have)+0.929%+$93 · spread now +0.345%, 7d avg +0.197%
Together, before fees+1.284%+$128 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.148% dearer against Bitget than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.197%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget APTUSDT0.78270.0100pay 0.0100% / 8h1h 40m$8.9M$12.2M75x
ShortCoinbase International APT-PERP-INTX0.78540.0288get 0.0036% / 1h40m 48s$208K$555K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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

Funding earned
$39.48
Price spread: +0.345% → +0.197%
$14.85
Slippage, 4 orders
−$82.48
Fee Bitget: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$50.16
Costs to cover
1.045%
Break-even
15.9 days
Slippage from Bitget: live order book, 3 min ago; Coinbase International: live order book, 42 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago1.28 bp14.6 bp −$1525.0 bp −$25068.1 bp −$6,808doesn't fit
Sell Coinbase International live order book, 42 min ago12.13 bp39.1 bp −$39doesn't fitdoesn't fitdoesn't fit

APT on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange APTUSD−0.0544%1h0.7839+0.153%$2K5xas long as short
Kraken Futures PF_APTUSD−0.0424%1h0.7829+0.022%$534K$627K50xas long as short
Deribit APT_USDC-PERPETUAL−0.0261%1h0.7831+0.051%$7K$372K50xas long as short
Variational Omni APT−0.0083%8h0.7793−0.437%$611K$224Kas long as short
Injective APT/USDC PERP−0.0033%1h0.7780−0.600%$2K$241K12xas long as short
Orderly PERP_APT_USDC−0.0021%8h0.7834+0.089%$10K$7K10xas long as short
gTrade (Gains Network) APT/USDL −0.0004% / S +0.0005%1h0.7840+0.161%$22K150xas long as short
Lighter APT+0.0096%1h0.7828+0.013%$429K$350K10xas long as short
Hyperliquid APT+0.0100%1h0.7837+0.128%$5.9M$5.1M10xas long as short
Aster APTUSDT+0.0100%8h0.7834+0.089%$304K$464K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance APTUSDT+0.0100%8h0.7832+0.064%$28.9M$97.0M75xas long as short
Bybit APTUSDT+0.0100%8h0.7829+0.026%$29.2M$35.3M50xas long as short
OKX APT-USDT-SWAP+0.0100%8h0.7832+0.064%$6.2M$23.4M50xas long as short
Gate APT_USDT+0.0100%8h0.7832+0.064%$2.7M$4.6M75xas long as short
MEXC APT_USDT+0.0100%8h0.7830+0.038%$27.9M$14.4M200xas long as short
KuCoin APTUSDTM+0.0100%8h0.7832+0.064%$5.5M$12.1M50xas long as short
Bitget APTUSDTlong+0.0100%8h0.7827long leg$8.9M$12.2M75x
BingX APT-USDC+0.0100%8h0.7830+0.038%$6.5Mas long as short
Backpack APT_USDC_PERP+0.0100%1h0.7832+0.064%$200K$361K20xas long as short
ApeX Omni APTUSDT+0.0100%1h0.7820−0.089%$65K$567K50xas long as short
SunX APT-USDT+0.0100%8h0.7825−0.026%$6K$1.4M20xas long as short
SoDEX APT-USD+0.0100%1h0.7828+0.013%$64$6K5xas long as short
HTX APT-USDT+0.0100%8h0.7843+0.204%$264K$137K50xas long as short
Extended APT-USD+0.0104%1h0.7831+0.048%$84K$479K25xas long as short
Aevo APT-PERP+0.0104%1h0.7835+0.108%$24K3xas long as short
GMX APT/USD [ETH-USDC]L +0.0189% / S −0.0143%1h0.7839+0.149%$17K100xas long as short
BloFin APT-USDT+0.0220%8h0.7833+0.077%$1.5M$770K75xas long as short
Coinbase International APT-PERP-INTXshort+0.0288%1h0.7854+0.345%$208K$555K50x
Reya APTRUSDPERP+0.0466%1h0.7835+0.108%$3K20xas long as short
dYdX APT-USD+0.0618%1h0.7844+0.217%$55K$5K10xas long as short