Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0583%/8h= −63.8% APRpaid last 24h −0.131%

Price spread now: Kraken Futures against BloFin−0.054%57s7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as 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−$780.783% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.220%−$22 on $10k

Price spread, last 3 days (all we have)−0.126%−$13 · spread now −0.054%, 7d avg −0.029%

Together, before fees−0.346%−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Kraken Futures is 0.025% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.029%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.220% in total (about -11.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin APT-USDT	0.7795	0.0220	pay 0.0220% / 8h	2h 01m	$1.5M	$775K	75x
Short	Kraken Futures PF_APTUSD	0.7791	−0.0363	pay 0.0045% / 1h	1m 48s	$534K	$617K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee Kraken FuturesbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$122.42
Price spread: −0.054% → −0.029%: −$2.48
Slippage, 4 orders: −$56.31
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$203.22
Costs to cover: 0.783%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; Kraken Futures: live order book, 21 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	6.42 bp	13.9 bp −$14	21.2 bp −$212	51.0 bp −$5,102	doesn't fit
Sell Kraken Futures live order book, 21 min ago	10.86 bp	28.7 bp −$29	86.1 bp −$861	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	−0.0464%	1h	0.7784	−0.141%	$2K	—	5x	as long as short
Deribit APT_USDC-PERPETUAL	−0.0391%	1h	0.7792	−0.038%	$7K	$382K	50x	as long as short
Kraken Futures PF_APTUSDshort	−0.0363%	1h	0.7791	−0.054%	$534K	$617K	50x
Variational Omni APT	−0.0097%	8h	0.7789	−0.075%	$611K	$224K	—	as long as short
Orderly PERP_APT_USDC	−0.0020%	8h	0.7793	−0.026%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	−0.0016%	1h	0.7780	−0.192%	$2K	$200K	12x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7797	+0.021%	$21K	—	150x	as long as short
Lighter APT	+0.0096%	1h	0.7787	−0.103%	$427K	$351K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7796	+0.013%	$5.9M	$5.1M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7798	+0.038%	$308K	$459K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance APTUSDT	+0.0100%	8h	0.7790	−0.064%	$28.7M	$96.6M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7789	−0.077%	$29.0M	$35.4M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7787	−0.103%	$6.2M	$23.2M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7790	−0.064%	$2.7M	$4.7M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7789	−0.077%	$27.8M	$14.6M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7793	−0.026%	$5.5M	$12.2M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7785	−0.128%	$9.0M	$12.2M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7790	−0.064%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7794	−0.013%	$197K	$359K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7790	−0.064%	$65K	$568K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7776	−0.244%	$6K	$1.4M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7788	−0.090%	$55	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7803	+0.103%	$263K	$137K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7787	−0.105%	$83K	$479K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7790	−0.064%	$24K	—	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0189% / S −0.0143%	1h	0.7796	+0.015%	$17K	—	100x	as long as short
BloFin APT-USDTlong	+0.0220%	8h	0.7795	long leg	$1.5M	$775K	75x
Coinbase International APT-PERP-INTX	+0.0280%	1h	0.7800	+0.064%	$210K	$544K	50x	as long as short
Reya APTRUSDPERP	+0.0465%	1h	0.7789	−0.081%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0801%	1h	0.7795	−0.004%	$55K	$5K	10x	as long as short