Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.001%
Price spread now: Backpack against Gate+0.150%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$590.585% of the position
Funding, last 7 days+0.163%+$16 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.150%, 7d avg +0.068%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.082% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate APT_USDT | 0.7995 | 0.0100 | pay 0.0100% / 8h | 16m 31s | $2.8M | $4.8M | 75x |
| Short | Backpack APT_USDC_PERP | 0.8007 | 0.0144 | get 0.0018% / 1h | 16m 31s | $202K | $369K | 20x |
Gate APT_USDT
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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
- $9.29
- Price spread: +0.150% → +0.068%
- $8.25
- Slippage, 4 orders
- −$33.53
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$40.98
- Costs to cover
- 0.585%
- Break-even
- 37.9 days
Slippage from Gate: live order book, 2 min ago; Backpack: live order book, 62 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 Gate live order book, 2 min ago | 5.00 bp | 23.1 bp −$23 | 53.7 bp −$537 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 62 min ago | 0.64 bp | 6.4 bp −$6 | 29.2 bp −$292 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APTUSD | −0.0397% | 1h | 0.8009 | +0.178% | $554K | $641K | 50x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0125% | 1h | 0.8000 | +0.063% | $14K | $415K | 50x | as long as short |
| Variational Omni APT | −0.0035% | 8h | 0.8058 | +0.793% | $525K | $320K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0010% | 8h | 0.7998 | +0.038% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7993 | −0.024% | $21K | — | 150x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −2.689% | $2K | $241K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7998 | +0.038% | $430K | $390K | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.8006 | +0.139% | $308K | $479K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7992 | −0.044% | $30.4M | $100.9M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7991 | −0.050% | $29.7M | $37.0M | 50x | as long as short |
Kraken Futures PF_APTUSD
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Injective APT/USDC PERP
Lighter APT
Aster APTUSDT
Binance APTUSDT
Bybit APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7990 | −0.063% | $6.4M | $24.9M | 50x | as long as short |
| Gate APT_USDTlong | +0.0100% | 8h | 0.7995 | long leg | $2.8M | $4.8M | 75x | |
| MEXC APT_USDT | +0.0100% | 8h | 0.7990 | −0.063% | $29.1M | $14.9M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7993 | −0.025% | $5.6M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7989 | −0.075% | $9.0M | $12.7M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7995 | 0.000% | — | $6.5M | — | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.8020 | +0.313% | $66K | $571K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7983 | −0.150% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.8000 | +0.063% | $59 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.8014 | +0.238% | $270K | $140K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7988 | −0.091% | $86K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.8000 | +0.063% | $25K | — | 3x | as long as short |
| Backpack APT_USDC_PERPshort | +0.0144% | 1h | 0.8007 | +0.150% | $202K | $369K | 20x | |
| Hyperliquid APT | +0.0152% | 1h | 0.8005 | +0.125% | $6.3M | $5.6M | 10x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0191% / S −0.0143% | 1h | 0.8001 | +0.075% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7996 | +0.013% | $1.5M | $831K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0240% | 1h | 0.8083 | +1.101% | $215K | $585K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0471% | 1h | 0.7990 | −0.066% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0795% | 1h | 0.8009 | +0.173% | $56K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.1736% | 1h | 0.8051 | +0.700% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
Hyperliquid APT
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD