Funding arb · Price arb /

APT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0775%/8h= −84.9% APRpaid last 24h −0.293%

Price spread now: Variational Omni against dYdX+0.122%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.122% dearer against dYdX than usual: you sell high and buy low (spread +0.122% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX APT-USD	0.7540	0.0780	pay 0.0097% / 1h	39m 23s	$53K	$6K	10x
Short	Variational Omni APT	0.7549	0.0004	get 0.0004% / 8h	2h 39m	$505K	$416K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.122%Rate

Funding earned: −$162.83
Price spread: +0.122% → 0.000%: $12.19
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$160.63
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Variational Omni: RFQ quote, 10 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 Variational Omni RFQ quote, 10 min ago	3.95 bp	doesn't fit	14.5 bp −$145	doesn't fit	doesn't fit

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
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7553	+0.182%	$20K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7552	+0.164%	$16K	$567K	50x	as long as short
Variational Omni APTshort	+0.0004%	8h	0.7549	+0.122%	$505K	$416K	—
Orderly PERP_APT_USDC	+0.0018%	8h	0.7552	+0.164%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+3.188%	$2K	$240K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7534	−0.075%	$402K	$425K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7549	+0.124%	$4.8M	$6.3M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7544	+0.063%	$93K	$961K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7553	+0.177%	$27.3M	$107.3M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7548	+0.111%	$26.8M	$41.1M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APT-USDT-SWAP	+0.0100%	8h	0.7553	+0.177%	$5.6M	$25.1M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7549	+0.124%	$2.6M	$5.1M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7556	+0.217%	$29.7M	$15.2M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7548	+0.111%	$4.9M	$12.1M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7552	+0.164%	$8.5M	$13.2M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7551	+0.151%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7545	+0.071%	$187K	$360K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7570	+0.403%	$60K	$580K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7542	+0.031%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7549	+0.124%	$96	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7555	+0.204%	$247K	$149K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7549	+0.125%	$80K	$586K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7555	+0.203%	$28K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0136% / S −0.0090%	1h	0.7552	+0.160%	$16K	—	100x	as long as short
Kraken Futures PF_APTUSD	+0.0219%	1h	0.7551	+0.146%	$524K	$625K	50x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7545	+0.071%	$1.4M	$964K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0320%	1h	0.7550	+0.137%	$218K	$455K	50x	as long as short
Reya APTRUSDPERP	+0.0492%	1h	0.7544	+0.054%	$3K	—	20x	as long as short
dYdX APT-USDlong	+0.0780%	1h	0.7540	long leg	$53K	$6K	10x
01 Exchange APTUSD	+0.6840%	1h	0.7724	+2.445%	$2K	—	5x	as long as short