Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.027%

Price spread now: MEXC against gTrade (Gains Network)−0.121%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. MEXC is 0.121% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.121% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) APT/USD	0.7870	L −0.0004% / S +0.0005%	get 0.0001% / 1h	9m 50s	$22K	—	150x
Short	MEXC APT_USDT	0.7860	0.0100	get 0.0100% / 8h	1h 09m	$28.5M	$14.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now −0.121%Rate

Funding earned: $21.86
Price spread: −0.121% → 0.000%: −$12.07
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$0.21
Costs to cover: 0.100%
Break-even: 7.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 4 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.64 bp	4.1 bp −$4	15.6 bp −$156	65.6 bp −$6,557	84.2 bp −$42.1K

gTrade (Gains Network): 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
01 Exchange APTUSD	−0.0456%	1h	0.7868	−0.019%	$2K	—	5x	as long as short
Kraken Futures PF_APTUSD	−0.0422%	1h	0.7865	−0.059%	$543K	$635K	50x	as long as short
Variational Omni APT	−0.0068%	8h	0.7872	+0.037%	$617K	$214K	—	as long as short
Injective APT/USDC PERP	−0.0033%	1h	0.7780	−1.137%	$2K	$241K	12x	as long as short
Orderly PERP_APT_USDC	−0.0018%	8h	0.7867	−0.032%	$10K	$7K	10x	as long as short
gTrade (Gains Network) APT/USDlong	L −0.0004% / S +0.0005%	1h	0.7870	long leg	$22K	—	150x
Deribit APT_USDC-PERPETUAL	−0.0004%	1h	0.7865	−0.057%	$7K	$387K	50x	as long as short
Lighter APT	+0.0096%	1h	0.7864	−0.070%	$431K	$351K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7874	+0.057%	$6.0M	$5.3M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7873	+0.049%	$306K	$465K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance APTUSDT	+0.0100%	8h	0.7865	−0.059%	$29.0M	$97.5M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7864	−0.070%	$29.4M	$35.6M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7868	−0.019%	$6.2M	$23.8M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7867	−0.032%	$2.8M	$4.7M	75x	as long as short
MEXC APT_USDTshort	+0.0100%	8h	0.7860	−0.121%	$28.5M	$14.6M	200x
KuCoin APTUSDTM	+0.0100%	8h	0.7862	−0.095%	$5.5M	$12.2M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7863	−0.083%	$8.9M	$12.3M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7864	−0.070%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7869	−0.006%	$201K	$368K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7870	+0.006%	$66K	$568K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7860	−0.121%	$6K	$1.4M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7866	−0.044%	$74	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7882	+0.159%	$266K	$138K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7860	−0.122%	$84K	$464K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7865	−0.057%	$24K	—	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0190% / S −0.0143%	1h	0.7864	−0.064%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7877	+0.095%	$1.5M	$790K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0288%	1h	0.7873	+0.044%	$209K	$559K	50x	as long as short
Reya APTRUSDPERP	+0.0468%	1h	0.7861	−0.107%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0871%	1h	0.7869	−0.008%	$55K	$5K	10x	as long as short