Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.286%
Price spread now: Injective against Bybit−1.941%68s7-day average −0.218% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as 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−$1231.229% of the position
Funding, last 7 days−0.289%−$29 on $10k
+Price spread, last 3 days (all we have)+2.175%+$217 · spread now −1.941%, 7d avg −0.218%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.723% cheaper against Bybit than usual: you would sell low and buy high (−$172 if the spread goes back to its 7-day average of −0.218%). Swap the legs. The two prices were read 68 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 | Bybit APTUSDT | 0.7934 | 0.0100 | pay 0.0100% / 8h | 7h 20m | $29.4M | $37.2M | 50x |
| Short | Injective APT/USDC PERP | 0.7780 | 0.0033 | get 0.0004% / 1h | 20m 03s | $2K | $241K | 12x |
Bybit APTUSDT
Injective APT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −1.941% → −0.218%
- −$172.3
- Slippage, 4 orders
- −$111.9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$309.22
- Costs to cover
- 1.229%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Injective: live order book, 54 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 | 0.63 bp | 12.7 bp −$13 | 24.7 bp −$247 | 73.0 bp −$7,304 | doesn't fit |
| Sell Injective live order book, 54 min ago | 49.94 bp | 49.9 bp −$50 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni APT | −0.0027% | 8h | 0.7923 | −0.136% | $518K | $322K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0004% | 8h | 0.7946 | +0.151% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7943 | +0.118% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7947 | +0.164% | $13K | $418K | 50x | as long as short |
| Injective APT/USDC PERPshort | +0.0033% | 1h | 0.7780 | −1.941% | $2K | $241K | 12x | |
| Lighter APT | +0.0096% | 1h | 0.7939 | +0.063% | $425K | $406K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7944 | +0.126% | $6.2M | $5.7M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7939 | +0.065% | $299K | $491K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7942 | +0.103% | $30.2M | $103.4M | 75x | as long as short |
| Bybit APTUSDTlong | +0.0100% | 8h | 0.7934 | long leg | $29.4M | $37.2M | 50x |
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7932 | −0.025% | $6.1M | $25.1M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7935 | +0.013% | $2.8M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7942 | +0.101% | $29.1M | $15.1M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7936 | +0.025% | $5.5M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7940 | +0.076% | $9.1M | $12.6M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7937 | +0.038% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7941 | +0.088% | $200K | $378K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7930 | −0.050% | $64K | $572K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7926 | −0.101% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7938 | +0.050% | $55 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7953 | +0.239% | $267K | $128K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7939 | +0.062% | $82K | $489K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7940 | +0.076% | $29K | $5K | 3x | as long as short |
| dYdX APT-USD | +0.0132% | 1h | 0.7938 | +0.046% | $56K | $6K | 10x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7945 | +0.140% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7938 | +0.050% | $1.5M | $896K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0232% | 1h | 0.7950 | +0.202% | $210K | $550K | 50x | as long as short |
| Kraken Futures PF_APTUSD | +0.0474% | 1h | 0.7940 | +0.070% | $545K | $640K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0475% | 1h | 0.7935 | +0.012% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.1584% | 1h | 0.7927 | −0.088% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
dYdX APT-USD
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Kraken Futures PF_APTUSD
Reya APTRUSDPERP
01 Exchange APTUSD