Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.049%
Price spread now: Bybit against BloFin−0.811%112s7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as 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−$550.549% of the position
Funding, last 7 days−0.272%−$27 on $10k
+Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.811%, 7d avg −0.140%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.671% cheaper against BloFin than usual: you would sell low and buy high (−$67 if the spread goes back to its 7-day average of −0.140%). Swap the legs. The two prices were read 112 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 | 0.7768 | 0.0220 | pay 0.0220% / 8h | 6h 55m | $1.5M | $950K | 75x |
| Short | Bybit APTUSDT | 0.7705 | 0.0100 | get 0.0100% / 8h | 6h 55m | $28.0M | $37.8M | 50x |
BloFin APT-USDT
Bybit APTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.811% → −0.140%
- −$67.07
- Slippage, 4 orders
- −$31.91
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$147.18
- Costs to cover
- 0.549%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; Bybit: live order book, 3 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, 7 min ago | 0.64 bp | 15.3 bp −$15 | 28.0 bp −$280 | 71.2 bp −$7,116 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.64 bp | 16.6 bp −$17 | 34.9 bp −$349 | 88.7 bp −$8,866 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni APT | −0.0006% | 8h | 0.7720 | −0.614% | $500K | $331K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0004% | 8h | 0.7707 | −0.785% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7708 | −0.769% | $38K | — | 150x | as long as short |
| dYdX APT-USD | 0.0000% | 1h | 0.7730 | −0.492% | $54K | $6K | 10x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7727 | −0.528% | $12K | $418K | 50x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +0.154% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7722 | −0.592% | $413K | $404K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7722 | −0.592% | $5.7M | $6.0M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7727 | −0.532% | $244K | $587K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7715 | −0.688% | $28.9M | $104.6M | 75x | as long as short |
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
dYdX APT-USD
Deribit APT_USDC-PERPETUAL
Injective APT/USDC PERP
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APTUSDTshort | +0.0100% | 8h | 0.7705 | −0.811% | $28.0M | $37.8M | 50x | |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7706 | −0.798% | $5.8M | $24.7M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7709 | −0.760% | $2.7M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7717 | −0.657% | $27.9M | $15.0M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7719 | −0.631% | $5.4M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7707 | −0.785% | $8.6M | $12.8M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7708 | −0.772% | — | $25.6M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7726 | −0.541% | $194K | $380K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7780 | +0.154% | $63K | $574K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7713 | −0.708% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7725 | −0.554% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7745 | −0.296% | $260K | $127K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7719 | −0.628% | $83K | $489K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7709 | −0.754% | $28K | $5K | 3x | as long as short |
| Kraken Futures PF_APTUSD | +0.0138% | 1h | 0.7735 | −0.430% | $528K | $640K | 50x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7713 | −0.706% | $17K | — | 100x | as long as short |
| BloFin APT-USDTlong | +0.0220% | 8h | 0.7768 | long leg | $1.5M | $950K | 75x | |
| Coinbase International APT-PERP-INTX | +0.0272% | 1h | 0.7795 | +0.348% | $205K | $538K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0476% | 1h | 0.7717 | −0.651% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.3376% | 1h | 0.7823 | +0.708% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
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