Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0239%/8h= −26.2% APRpaid last 24h −0.086%

Price spread now: Orderly against Coinbase International+0.025%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.025% dearer against Coinbase International than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International APT-PERP-INTX	0.7858	0.0232	pay 0.0029% / 1h	42m 56s	$208K	$572K	50x
Short	Orderly PERP_APT_USDC	0.7860	−0.0007	pay 0.0007% / 8h	7h 42m	$10K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee OrderlybpOrdersPrice spread, now +0.025%Rate

Funding earned: −$50.29
Price spread: +0.025% → 0.000%: $2.55
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$63.74
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 30 min ago; Orderly: no order-book sample. Net counts fees only.

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, 30 min ago	15.06 bp	51.3 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0028%	8h	0.7839	−0.238%	$512K	$322K	—	as long as short
Orderly PERP_APT_USDCshort	−0.0007%	8h	0.7860	+0.025%	$10K	$7K	10x
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7857	−0.006%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7862	+0.051%	$13K	$418K	50x	as long as short
dYdX APT-USD	+0.0005%	1h	0.7842	−0.207%	$55K	$6K	10x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	−0.993%	$2K	$241K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7860	+0.025%	$426K	$400K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7866	+0.102%	$6.0M	$5.8M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7861	+0.038%	$296K	$492K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7867	+0.118%	$29.6M	$103.7M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit APTUSDT	+0.0100%	8h	0.7860	+0.025%	$29.1M	$37.5M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7861	+0.038%	$6.0M	$25.0M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7865	+0.089%	$2.8M	$4.8M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7869	+0.140%	$28.7M	$15.0M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7856	−0.025%	$5.5M	$12.2M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7866	+0.102%	$8.9M	$12.8M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7865	+0.089%	—	$25.4M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7867	+0.115%	$195K	$376K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7850	−0.102%	$64K	$573K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7855	−0.038%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7864	+0.076%	$55	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7840	−0.229%	$264K	$141K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7861	+0.036%	$81K	$567K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7862	+0.047%	$29K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0190% / S −0.0143%	1h	0.7862	+0.051%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7866	+0.102%	$1.5M	$821K	75x	as long as short
Coinbase International APT-PERP-INTXlong	+0.0232%	1h	0.7858	long leg	$208K	$572K	50x
Reya APTRUSDPERP	+0.0473%	1h	0.7848	−0.128%	$3K	—	20x	as long as short
Kraken Futures PF_APTUSD	+0.0478%	1h	0.7875	+0.215%	$540K	$647K	50x	as long as short
01 Exchange APTUSD	+0.3208%	1h	0.7882	+0.305%	$2K	—	5x	as long as short