Funding you earn now, next payment 22:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.094%
Price spread now: Bybit against Coinbase International−0.141%7-day average −0.233% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1101.104% of the position
Funding, last 7 days−0.437%−$44 on $10k
+Price spread, last 3 days (all we have)−1.765%−$176 · spread now −0.141%, 7d avg −0.233%
=The price spread pays, funding is against you. Bybit is 0.092% dearer against Coinbase International than usual: you sell high and buy low (spread −0.141% now, against its 7-day average of −0.233%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 39 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International APT-PERP-INTX | 0.7819 | 0.0288 | pay 0.0036% / 1h | 56m 09s | $211K | $547K | 50x |
| Short | Bybit APTUSDT | 0.7808 | 0.0100 | get 0.0100% / 8h | 1h 56m | $29.1M | $35.4M | 50x |
Coinbase International APT-PERP-INTX
Bybit APTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$39.48
- Price spread: −0.141% → −0.233%
- $9.21
- Slippage, 4 orders
- −$89.42
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$140.69
- Costs to cover
- 1.104%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 27 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 Coinbase International live order book, 27 min ago | 12.13 bp | 37.9 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.64 bp | 18.4 bp −$18 | 30.0 bp −$300 | 81.5 bp −$8,146 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APTUSD | −0.0425% | 1h | 0.7812 | −0.090% | $536K | $619K | 50x | as long as short |
| 01 Exchange APTUSD | −0.0416% | 1h | 0.7798 | −0.269% | $2K | — | 5x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0262% | 1h | 0.7813 | −0.077% | $7K | $382K | 50x | as long as short |
| Variational Omni APT | −0.0091% | 8h | 0.7787 | −0.407% | $611K | $224K | — | as long as short |
| Injective APT/USDC PERP | −0.0033% | 1h | 0.7780 | −0.499% | $2K | $241K | 12x | as long as short |
| Orderly PERP_APT_USDC | −0.0021% | 8h | 0.7813 | −0.077% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7816 | −0.032% | $22K | — | 150x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7809 | −0.128% | $428K | $350K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7818 | −0.013% | $5.9M | $5.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7814 | −0.066% | $304K | $464K | 20x | as long as short |
Kraken Futures PF_APTUSD
01 Exchange APTUSD
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Injective APT/USDC PERP
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 | 0.7811 | −0.099% | $28.8M | $97.0M | 75x | as long as short |
| Bybit APTUSDTshort | +0.0100% | 8h | 0.7808 | −0.141% | $29.1M | $35.4M | 50x | |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7809 | −0.128% | $6.2M | $23.3M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7805 | −0.179% | $2.7M | $4.6M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7810 | −0.115% | $27.9M | $14.3M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7810 | −0.115% | $5.5M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7808 | −0.141% | $8.9M | $12.3M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7809 | −0.128% | — | $26.2M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7815 | −0.051% | $198K | $361K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7800 | −0.243% | $65K | $568K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7795 | −0.307% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7809 | −0.128% | $56 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7795 | −0.307% | $263K | $137K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7807 | −0.153% | $83K | $479K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7812 | −0.096% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7814 | −0.069% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7799 | −0.256% | $1.5M | $768K | 75x | as long as short |
| Coinbase International APT-PERP-INTXlong | +0.0288% | 1h | 0.7819 | long leg | $211K | $547K | 50x | |
| Reya APTRUSDPERP | +0.0465% | 1h | 0.7807 | −0.152% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0621% | 1h | 0.7818 | −0.013% | $55K | $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
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Reya APTRUSDPERP
dYdX APT-USD