Funding you earn now, next payment 23:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.032%
Price spread now: Backpack against BloFin+0.051%66s7-day average −0.034% · 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—prices read too far apart to compare
costs, in and out, $10k−$410.413% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 3 days (all we have)−1.173%−$117 · spread now +0.051%, 7d avg −0.034%
=The price spread pays, funding is against you. Backpack is 0.085% dearer against BloFin than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of −0.034%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.093% in total) that is about 6.4 days. The two prices were read 66 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 | BloFin APT-USDT | 0.7893 | 0.0220 | pay 0.0220% / 8h | 1h 01m | $1.5M | $800K | 75x |
| Short | Backpack APT_USDC_PERP | 0.7897 | 0.0100 | get 0.0013% / 1h | 1m 23s | $201K | $368K | 20x |
BloFin APT-USDT
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- −$25.2
- Price spread: +0.051% → −0.034%
- $8.48
- Slippage, 4 orders
- −$19.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$58.04
- Costs to cover
- 0.413%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; Backpack: live order book, 17 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 BloFin live order book, 1 min ago | 1.90 bp | 11.6 bp −$12 | 18.1 bp −$181 | 48.6 bp −$4,860 | doesn't fit |
| Sell Backpack live order book, 17 min ago | 0.64 bp | 6.4 bp −$6 | 29.2 bp −$292 | 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 | −0.0440% | 1h | 0.7876 | −0.215% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0421% | 1h | 0.7893 | −0.002% | $545K | $635K | 50x | as long as short |
| Variational Omni APT | −0.0061% | 8h | 0.7880 | −0.159% | $617K | $214K | — | as long as short |
| Injective APT/USDC PERP | −0.0033% | 1h | 0.7780 | −1.432% | $2K | $241K | 12x | as long as short |
| Orderly PERP_APT_USDC | −0.0017% | 8h | 0.7890 | −0.038% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7892 | −0.017% | $22K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7896 | +0.038% | $7K | $387K | 50x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7892 | −0.013% | $432K | $351K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7900 | +0.089% | $6.0M | $5.3M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7895 | +0.030% | $308K | $465K | 20x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Variational Omni APT
Injective APT/USDC PERP
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 APTUSDT | +0.0100% | 8h | 0.7890 | −0.032% | $29.1M | $97.7M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7888 | −0.063% | $29.5M | $35.6M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7890 | −0.038% | $6.2M | $23.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7890 | −0.038% | $2.8M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7890 | −0.038% | $28.6M | $14.7M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7890 | −0.038% | $5.6M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7889 | −0.051% | $8.9M | $12.3M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7891 | −0.025% | — | $24.9M | — | as long as short |
| Backpack APT_USDC_PERPshort | +0.0100% | 1h | 0.7897 | +0.051% | $201K | $368K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7890 | −0.038% | $66K | $570K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7884 | −0.114% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7895 | +0.025% | $72 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7883 | −0.127% | $266K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7887 | −0.073% | $84K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7893 | +0.004% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7893 | −0.003% | $17K | — | 100x | as long as short |
| BloFin APT-USDTlong | +0.0220% | 8h | 0.7893 | long leg | $1.5M | $800K | 75x | |
| Coinbase International APT-PERP-INTX | +0.0288% | 1h | 0.7897 | +0.051% | $210K | $561K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0469% | 1h | 0.7889 | −0.056% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0976% | 1h | 0.7893 | −0.004% | $55K | $5K | 10x | as long as short |
Binance APTUSDT
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD