Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.269%
Price spread now: Injective against Deribit−1.594%7-day average −0.291% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$1111.114% of the position
Funding, last 7 days−0.155%−$15 on $10k
+Price spread, last 3 days (all we have)+1.196%+$120 · spread now −1.594%, 7d avg −0.291%
=Funding pays, the price is against you. Injective is 1.302% cheaper against Deribit than usual: you would sell low and buy high (spread −1.594% now, against its 7-day average of −0.291%). If the spread goes back, that is −$130 on $10k: about 4 months of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit APT_USDC-PERPETUAL | 0.7906 | 0 | get 0.0000% / 1h | 58m 26s | $7K | $387K | 50x |
| Short | Injective APT/USDC PERP | 0.7780 | 0.0033 | get 0.0004% / 1h | 58m 26s | $2K | $241K | 12x |
Deribit APT_USDC-PERPETUAL
Injective APT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $7
- Price spread: −1.594% → −0.291%
- −$130.23
- Slippage, 4 orders
- −$104.35
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$234.59
- Costs to cover
- 1.114%
- Break-even
- 241.6 days
Slippage from Deribit: live order book, 20 min ago; Injective: live order book, 21 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 | 4.46 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 21 min ago | 44.61 bp | 44.6 bp −$45 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange APTUSD | −0.0808% | 1h | 0.7881 | −0.316% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0402% | 1h | 0.7907 | +0.010% | $546K | $635K | 50x | as long as short |
| Variational Omni APT | −0.0063% | 8h | 0.7887 | −0.235% | $619K | $214K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0016% | 8h | 0.7904 | −0.025% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7910 | +0.046% | $22K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUALlong | 0.0000% | 1h | 0.7906 | long leg | $7K | $387K | 50x | |
| Injective APT/USDC PERPshort | +0.0033% | 1h | 0.7780 | −1.594% | $2K | $241K | 12x | |
| Lighter APT | +0.0096% | 1h | 0.7902 | −0.051% | $433K | $351K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7913 | +0.089% | $6.1M | $5.3M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7903 | −0.044% | $308K | $465K | 20x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Variational Omni APT
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 | 0.7908 | +0.019% | $29.3M | $97.9M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7902 | −0.051% | $29.6M | $35.6M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7900 | −0.076% | $6.3M | $23.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7902 | −0.051% | $2.8M | $4.6M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7901 | −0.063% | $28.6M | $14.5M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7894 | −0.152% | $5.6M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7905 | −0.013% | $8.9M | $12.3M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7902 | −0.051% | — | $25.2M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7908 | +0.025% | $198K | $370K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7890 | −0.202% | $66K | $570K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7892 | −0.177% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7905 | −0.013% | $75 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7900 | −0.076% | $267K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7901 | −0.061% | $84K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7900 | −0.078% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7911 | +0.064% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7904 | −0.025% | $1.5M | $801K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0240% | 1h | 0.7905 | −0.013% | $210K | $562K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0469% | 1h | 0.7900 | −0.070% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.1416% | 1h | 0.7899 | −0.089% | $55K | $5K | 10x | as long as short |
Binance APTUSDT
Bybit 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
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD