Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.059%
Price spread now: Backpack against Deribit+0.013%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$400.395% of the position
Funding, last 7 days+0.296%+$30 on $10k
+Price spread, last 4 days (all we have)−1.038%−$104 · spread now +0.013%, 7d avg −0.002%
=The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit APT_USDC-PERPETUAL | 0.7658 | 0 | get 0.0000% / 1h | 33m 57s | $7K | $515K | 50x |
| Short | Backpack APT_USDC_PERP | 0.7659 | 0.0100 | get 0.0013% / 1h | 33m 57s | $178K | $383K | 20x |
Deribit APT_USDC-PERPETUAL
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Deribit. 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
- $21
- Price spread: +0.013% → −0.002%
- $1.53
- Slippage, 4 orders
- −$22.53
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$17
- Costs to cover
- 0.395%
- Break-even
- 12.7 days
Slippage from Deribit: live order book, 20 min ago; Backpack: live order book, 20 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 Deribit live order book, 20 min ago | 5.83 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 20 min ago | 0.65 bp | 6.3 bp −$6 | 29.2 bp −$292 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7659 | +0.009% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUALlong | 0.0000% | 1h | 0.7658 | long leg | $7K | $515K | 50x | |
| Orderly PERP_APT_USDC | +0.0017% | 8h | 0.7656 | −0.026% | $10K | $7K | 10x | as long as short |
| Variational Omni APT | +0.0022% | 8h | 0.7653 | −0.063% | $511K | $416K | — | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.593% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7653 | −0.065% | $408K | $422K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7660 | +0.026% | $5.2M | $6.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7657 | −0.014% | $97K | $961K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7656 | −0.026% | $27.8M | $106.6M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7650 | −0.104% | $27.2M | $39.8M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Orderly PERP_APT_USDC
Variational Omni APT
Injective APT/USDC PERP
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance APTUSDT
Bybit 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 | 0.7655 | −0.039% | $5.7M | $24.8M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7655 | −0.039% | $2.6M | $5.0M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7657 | −0.013% | $29.0M | $15.0M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7657 | −0.013% | $5.1M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7653 | −0.065% | $8.7M | $13.0M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7655 | −0.039% | — | $25.9M | — | as long as short |
| Backpack APT_USDC_PERPshort | +0.0100% | 1h | 0.7659 | +0.013% | $178K | $383K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7660 | +0.026% | $61K | $579K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7645 | −0.170% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7655 | −0.039% | $74 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7657 | −0.013% | $250K | $149K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7652 | −0.084% | $79K | $428K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7631 | −0.358% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7660 | +0.030% | $16K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7663 | +0.065% | $1.4M | $953K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0251% | 1h | 0.7656 | −0.023% | $531K | $637K | 50x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0312% | 1h | 0.7679 | +0.274% | $221K | $460K | 50x | as long as short |
| dYdX APT-USD | +0.0458% | 1h | 0.7664 | +0.073% | $54K | $6K | 10x | as long as short |
| Reya APTRUSDPERP | +0.0488% | 1h | 0.7657 | −0.019% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.4856% | 1h | 0.7787 | +1.685% | $2K | — | 5x | as long as short |
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
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Kraken Futures PF_APTUSD
Coinbase International APT-PERP-INTX
dYdX APT-USD
Reya APTRUSDPERP
01 Exchange APTUSD