Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.282%

Price spread now: BingX against dYdX−0.026%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.805%−$80 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.026% cheaper against dYdX than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.805%, 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	dYdX APT-USD	0.7691	0	get 0.0000% / 1h	57m 49s	$54K	$5K	10x
Short	BingX APT-USDT	0.7689	0.0100	get 0.0100% / 8h	2h 57m	—	$27.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 dYdXbpFee BingXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $21
Price spread: −0.026% → 0.000%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1.6
Costs to cover: 0.200%
Break-even: 7.5 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 11 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell BingX live order book, 11 min ago	1.94 bp	6.9 bp −$7	8.8 bp −$88	16.4 bp −$1,640	35.3 bp −$17.7K

dYdX: 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
Kraken Futures PF_APTUSD	−0.0368%	1h	0.7690	−0.014%	$532K	$607K	50x	as long as short
Deribit APT_USDC-PERPETUAL	−0.0140%	1h	0.7685	−0.078%	$15K	$330K	50x	as long as short
Backpack APT_USDC_PERP	−0.0137%	1h	0.7692	+0.013%	$195K	$369K	20x	as long as short
Variational Omni APT	−0.0117%	8h	0.7734	+0.554%	$605K	$223K	—	as long as short
Orderly PERP_APT_USDC	−0.0021%	8h	0.7683	−0.104%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	−0.0016%	1h	0.7650	−0.533%	$2K	$169K	12x	as long as short
01 Exchange APTUSD	−0.0008%	1h	0.7695	+0.052%	$2K	—	5x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7694	+0.042%	$21K	—	150x	as long as short
dYdX APT-USDlong	0.0000%	1h	0.7691	long leg	$54K	$5K	10x
Bybit APTUSDT	+0.0051%	8h	0.7682	−0.117%	$28.6M	$35.7M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter APT	+0.0096%	1h	0.7690	−0.013%	$425K	$340K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7698	+0.091%	$5.8M	$5.2M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7694	+0.038%	$300K	$456K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7689	−0.028%	$28.4M	$96.4M	75x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7684	−0.091%	$6.1M	$22.8M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7690	−0.013%	$2.7M	$4.6M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7690	−0.013%	$27.6M	$14.4M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7690	−0.013%	$5.5M	$11.9M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7692	+0.013%	$9.0M	$12.2M	75x	as long as short
BingX APT-USDTshort	+0.0100%	8h	0.7689	−0.026%	—	$27.4M	—
ApeX Omni APTUSDT	+0.0100%	1h	0.7730	+0.507%	$64K	$573K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7681	−0.130%	$6K	$1.4M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7685	−0.078%	$58	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7726	+0.455%	$261K	$139K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7690	−0.012%	$82K	$479K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7685	−0.078%	$24K	—	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0189% / S −0.0143%	1h	0.7693	+0.031%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7707	+0.208%	$1.5M	$763K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0280%	1h	0.7746	+0.715%	$209K	$538K	50x	as long as short
Reya APTRUSDPERP	+0.0462%	1h	0.7695	+0.058%	$3K	—	20x	as long as short