Funding arb · Price arb /

APT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.006%

Price spread now: Orderly against gTrade (Gains Network)−0.041%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 Orderly

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. Orderly is 0.041% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) APT/USD	0.7645	L −0.0004% / S +0.0005%	get 0.0001% / 1h	59m 31s	$21K	—	150x
Short	Orderly PERP_APT_USDC	0.7642	0.0026	get 0.0026% / 8h	1h 59m	$10K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.041%Rate

Funding earned: $6.39
Price spread: −0.041% → 0.000%: −$4.08
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$13.69
Costs to cover: 0.160%
Break-even: 22.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Orderly: 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
Variational Omni APT	−0.0004%	8h	0.7642	−0.040%	$489K	$433K	—	as long as short
gTrade (Gains Network) APT/USDlong	L −0.0004% / S +0.0005%	1h	0.7645	long leg	$21K	—	150x
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7643	−0.028%	$2K	$582K	50x	as long as short
Orderly PERP_APT_USDCshort	+0.0026%	8h	0.7642	−0.041%	$10K	$7K	10x
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+1.764%	$2K	$240K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7638	−0.093%	$406K	$419K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7643	−0.028%	$4.8M	$6.3M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7642	−0.037%	$92K	$949K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7643	−0.028%	$27.8M	$108.0M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7637	−0.106%	$27.1M	$41.3M	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	0.7639	−0.080%	$5.7M	$25.6M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7643	−0.028%	$2.6M	$4.7M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7642	−0.041%	$30.6M	$15.2M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7637	−0.106%	$4.9M	$12.0M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7640	−0.067%	$8.6M	$13.4M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7640	−0.067%	—	$26.3M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7640	−0.067%	$188K	$331K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7650	+0.064%	$62K	$584K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7627	−0.237%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7642	−0.041%	$93	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7656	+0.142%	$252K	$154K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7637	−0.102%	$78K	$582K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7644	−0.021%	$28K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0136% / S −0.0090%	1h	0.7643	−0.027%	$16K	—	100x	as long as short
Kraken Futures PF_APTUSD	+0.0217%	1h	0.7639	−0.085%	$529K	$625K	50x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7648	+0.038%	$1.4M	$979K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0320%	1h	0.7675	+0.391%	$220K	$454K	50x	as long as short
Reya APTRUSDPERP	+0.0494%	1h	0.7638	−0.099%	$3K	—	20x	as long as short
dYdX APT-USD	+0.1027%	1h	0.7636	−0.113%	$53K	$6K	10x	as long as short
01 Exchange APTUSD	+0.5168%	1h	0.7759	+1.490%	$2K	—	5x	as long as short