Funding you earn now, next payment 01:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.027%
Price spread now: BloFin against Coinbase International−0.116%58s7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as 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−$1181.181% of the position
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.116%, 7d avg −0.090%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.027% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.090%). Swap the legs. The two prices were read 58 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 | Coinbase International APT-PERP-INTX | 0.7729 | 0.0272 | pay 0.0034% / 1h | 53m 30s | $203K | $534K | 50x |
| Short | BloFin APT-USDT | 0.7720 | 0.0220 | get 0.0220% / 8h | 6h 53m | $1.5M | $952K | 75x |
Coinbase International APT-PERP-INTX
BloFin APT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- −$10.92
- Price spread: −0.116% → −0.090%
- −$2.67
- Slippage, 4 orders
- −$96.09
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$131.68
- Costs to cover
- 1.181%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 15 min ago; BloFin: live order book, 9 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 Coinbase International live order book, 15 min ago | 11.36 bp | 51.5 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 0.64 bp | 11.7 bp −$12 | 14.7 bp −$147 | 37.8 bp −$3,778 | 120.4 bp −$60.2K |
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 | −0.113% | $500K | $331K | — | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7758 | +0.376% | $39K | — | 150x | as long as short |
| Orderly PERP_APT_USDC | −0.0004% | 8h | 0.7758 | +0.375% | $10K | $7K | 10x | as long as short |
| dYdX APT-USD | 0.0000% | 1h | 0.7751 | +0.285% | $54K | $6K | 10x | as long as short |
| Deribit APT_USDC-PERPETUAL | +0.0009% | 1h | 0.7727 | −0.026% | $12K | $418K | 50x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +0.660% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7745 | +0.207% | $415K | $405K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7752 | +0.298% | $5.6M | $6.0M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7745 | +0.204% | $244K | $596K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7757 | +0.364% | $29.0M | $105.2M | 75x | as long as short |
Variational Omni APT
gTrade (Gains Network) APT/USD
Orderly PERP_APT_USDC
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 APTUSDT | +0.0100% | 8h | 0.7756 | +0.349% | $28.2M | $37.8M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7757 | +0.362% | $5.8M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7752 | +0.298% | $2.7M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7757 | +0.362% | $28.6M | $15.1M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7744 | +0.194% | $5.4M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7755 | +0.336% | $8.6M | $12.8M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7759 | +0.388% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7749 | +0.259% | $195K | $380K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7780 | +0.660% | $63K | $574K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7728 | −0.013% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7740 | +0.142% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7745 | +0.207% | $260K | $127K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7742 | +0.171% | $83K | $489K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7733 | +0.055% | $28K | $5K | 3x | as long as short |
| Kraken Futures PF_APTUSD | +0.0138% | 1h | 0.7751 | +0.287% | $528K | $642K | 50x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7762 | +0.425% | $17K | — | 100x | as long as short |
| BloFin APT-USDTshort | +0.0220% | 8h | 0.7720 | −0.116% | $1.5M | $952K | 75x | |
| Coinbase International APT-PERP-INTXlong | +0.0272% | 1h | 0.7729 | long leg | $203K | $534K | 50x | |
| Reya APTRUSDPERP | +0.0476% | 1h | 0.7758 | +0.374% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.3536% | 1h | 0.7814 | +1.100% | $2K | — | 5x | as long as short |
Bybit APTUSDT
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
Kraken Futures PF_APTUSD
GMX APT/USD [ETH-USDC]
Reya APTRUSDPERP
01 Exchange APTUSD