Funding you earn now, next payment 21:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.028%
Price spread now: Backpack against Bybit+0.091%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)−0.469%−$47 · spread now +0.091%, 7d avg +0.103%
=The price spread sits at its 7-day average of +0.103%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit APTUSDT | 0.7729 | 0.0067 | pay 0.0067% / 8h | 3h 05m | $28.8M | $35.7M | 50x |
| Short | Backpack APT_USDC_PERP | 0.7736 | 0.0100 | get 0.0013% / 1h | 5m 12s | $196K | $369K | 20x |
Bybit APTUSDT
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bybit. 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
- $6.86
- Price spread: +0.091% → +0.103%
- −$1.26
- Slippage, 4 orders
- −$15.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$30.79
- Costs to cover
- 0.364%
- Break-even
- 38.4 days
Slippage from Bybit: live order book, 4 min ago; Backpack: live order book, 23 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 Bybit live order book, 4 min ago | 0.65 bp | 9.4 bp −$9 | 22.6 bp −$226 | 73.7 bp −$7,366 | doesn't fit |
| Sell Backpack live order book, 23 min ago | 0.64 bp | 8.5 bp −$8 | 32.7 bp −$327 | 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 | −0.0328% | 1h | 0.7718 | −0.142% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0242% | 1h | 0.7735 | +0.077% | $535K | $606K | 50x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0138% | 1h | 0.7734 | +0.065% | $16K | $328K | 50x | as long as short |
| Variational Omni APT | −0.0112% | 8h | 0.7737 | +0.100% | $606K | $223K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0021% | 8h | 0.7734 | +0.065% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7739 | +0.129% | $21K | — | 150x | as long as short |
| Bybit APTUSDTlong | +0.0067% | 8h | 0.7729 | long leg | $28.8M | $35.7M | 50x | |
| Lighter APT | +0.0096% | 1h | 0.7733 | +0.052% | $442K | $322K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7741 | +0.155% | $5.9M | $5.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7742 | +0.165% | $301K | $456K | 20x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
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 | 0.7731 | +0.026% | $28.6M | $96.3M | 75x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7731 | +0.026% | $6.1M | $23.0M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7731 | +0.026% | $2.7M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7733 | +0.052% | $27.8M | $14.5M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7731 | +0.026% | $5.5M | $11.9M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7732 | +0.039% | $9.0M | $12.2M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7732 | +0.039% | — | $27.7M | — | as long as short |
| Backpack APT_USDC_PERPshort | +0.0100% | 1h | 0.7736 | +0.091% | $196K | $369K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7740 | +0.142% | $64K | $574K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7717 | −0.155% | $5K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7732 | +0.039% | $62 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7740 | +0.142% | $262K | $139K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7730 | +0.007% | $82K | $479K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7732 | +0.038% | $24K | — | 3x | as long as short |
| Injective APT/USDC PERP | +0.0175% | 1h | 0.7650 | −1.022% | $2K | $169K | 12x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7734 | +0.069% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7736 | +0.091% | $1.5M | $766K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0248% | 1h | 0.7746 | +0.220% | $209K | $538K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0461% | 1h | 0.7733 | +0.050% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0843% | 1h | 0.7735 | +0.080% | $54K | $5K | 10x | as long as short |
Binance 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
Injective APT/USDC PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD