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

APT

all APT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0053%/8h= +5.9% APRpaid last 24h +0.001%
Price spread now: Hyperliquid against Bitget+0.313%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$460.457% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.050%−$5 on $10k
Price spread, last 7 days−0.256%−$26 · spread now +0.313%, 7d avg +0.053%
Together, before fees−0.306%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.260% dearer against Bitget than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.053%. Mind the row above: over the last 7 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget APTUSDT0.79900.0100pay 0.0100% / 8h16m 43s$9.0M$12.7M75x
ShortHyperliquid APT0.80150.0153get 0.0019% / 1h16m 43s$6.3M$5.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$11.23
Price spread: +0.313% → +0.053%
$25.97
Slippage, 4 orders
−$24.7
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$8.49
Costs to cover
0.457%
Break-even
12.3 days
Slippage from Bitget: live order book, 2 min ago; Hyperliquid: live order book, 5 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, 2 min ago1.25 bp16.5 bp −$1637.4 bp −$37486.7 bp −$8,674doesn't fit
Sell Hyperliquid live order book, 5 min ago0.62 bp6.3 bp −$618.2 bp −$182doesn'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
Kraken Futures PF_APTUSD−0.0397%1h0.8009+0.241%$554K$641K50xas long as short
Deribit APT_USDC-PERPETUAL−0.0125%1h0.8000+0.125%$14K$415K50xas long as short
Variational Omni APT−0.0035%8h0.8058+0.856%$525K$320Kas long as short
Orderly PERP_APT_USDC−0.0010%8h0.7998+0.100%$10K$7K10xas long as short
gTrade (Gains Network) APT/USDL −0.0004% / S +0.0005%1h0.8004+0.170%$21K150xas long as short
Injective APT/USDC PERP+0.0033%1h0.7780−2.628%$2K$241K12xas long as short
Lighter APT+0.0096%1h0.7998+0.100%$430K$390K10xas long as short
Aster APTUSDT+0.0100%8h0.8006+0.204%$308K$479K20xas long as short
Binance APTUSDT+0.0100%8h0.7999+0.118%$30.4M$100.9M75xas long as short
Bybit APTUSDT+0.0100%8h0.7999+0.113%$29.8M$37.0M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APT-USDT-SWAP+0.0100%8h0.7992+0.025%$6.4M$24.9M50xas long as short
Gate APT_USDT+0.0100%8h0.7995+0.063%$2.8M$4.8M75xas long as short
MEXC APT_USDT+0.0100%8h0.8000+0.125%$29.1M$14.9M200xas long as short
KuCoin APTUSDTM+0.0100%8h0.7998+0.100%$5.6M$12.3M50xas long as short
Bitget APTUSDTlong+0.0100%8h0.7990long leg$9.0M$12.7M75x
BingX APT-USDT+0.0100%8h0.7995+0.063%$25.4Mas long as short
ApeX Omni APTUSDT+0.0100%1h0.8020+0.375%$66K$571K50xas long as short
SunX APT-USDT+0.0100%8h0.7983−0.088%$6K$1.5M20xas long as short
SoDEX APT-USD+0.0100%1h0.8000+0.125%$59$6K5xas long as short
HTX APT-USDT+0.0100%8h0.8014+0.300%$270K$140K50xas long as short
Extended APT-USD+0.0104%1h0.7988−0.028%$86K$464K25xas long as short
Aevo APT-PERP+0.0104%1h0.8000+0.125%$25K3xas long as short
Backpack APT_USDC_PERP+0.0144%1h0.8007+0.213%$202K$369K20xas long as short
Hyperliquid APTshort+0.0153%1h0.8015+0.313%$6.3M$5.6M10x
GMX APT/USD [ETH-USDC]L +0.0191% / S −0.0143%1h0.8001+0.138%$17K100xas long as short
BloFin APT-USDT+0.0220%8h0.7996+0.075%$1.5M$831K75xas long as short
Coinbase International APT-PERP-INTX+0.0240%1h0.8083+1.164%$215K$585K50xas long as short
Reya APTRUSDPERP+0.0471%1h0.7997+0.084%$3K20xas long as short
dYdX APT-USD+0.0795%1h0.8009+0.235%$56K$6K10xas long as short
01 Exchange APTUSD+0.1736%1h0.8051+0.763%$2K5xas long as short