APT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.020%

Price spread now: Backpack against GMX+0.070%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Backpack

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

The price spread pays, funding is against you. Backpack is 0.070% dearer against GMX than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX APT/USD [ETH-USDC]	0.7771	L +0.0190% / S −0.0143%	pay 0.0024% / 1h	51m 03s	$17K	—	100x
Short	Backpack APT_USDC_PERP	0.7776	0.0100	get 0.0013% / 1h	51m 03s	$195K	$380K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$18.81
Price spread: +0.070% → 0.000%: $7.03
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$33.78
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 18 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 18 min ago	0.63 bp	7.3 bp −$7	27.9 bp −$279	doesn't fit	doesn't fit

GMX: 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	0.7768	−0.035%	$39K	—	150x	as long as short
Orderly PERP_APT_USDC	−0.0004%	8h	0.7769	−0.020%	$10K	$7K	10x	as long as short
Variational Omni APT	−0.0003%	8h	0.7763	−0.093%	$502K	$331K	—	as long as short
dYdX APT-USD	0.0000%	1h	0.7769	−0.023%	$54K	$6K	10x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7769	−0.020%	$12K	$418K	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+0.122%	$2K	$240K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7769	−0.020%	$416K	$405K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7778	+0.096%	$5.6M	$6.1M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7771	+0.010%	$244K	$593K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7778	+0.102%	$29.1M	$105.3M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit APTUSDT	+0.0100%	8h	0.7776	+0.070%	$28.3M	$37.9M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7778	+0.096%	$5.9M	$25.0M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7772	+0.019%	$2.7M	$4.7M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7774	+0.045%	$28.7M	$15.1M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7770	−0.007%	$5.4M	$12.3M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7769	−0.020%	$8.6M	$12.8M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7770	−0.007%	—	$25.7M	—	as long as short
Backpack APT_USDC_PERPshort	+0.0100%	1h	0.7776	+0.070%	$195K	$380K	20x
ApeX Omni APTUSDT	+0.0100%	1h	0.7760	−0.136%	$63K	$575K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7759	−0.149%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7770	−0.007%	$54	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7752	−0.239%	$261K	$127K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7767	−0.050%	$84K	$489K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7770	−0.007%	$28K	$5K	3x	as long as short
Kraken Futures PF_APTUSD	+0.0138%	1h	0.7767	−0.049%	$529K	$642K	50x	as long as short
GMX APT/USD [ETH-USDC]long	L +0.0190% / S −0.0143%	1h	0.7771	long leg	$17K	—	100x
BloFin APT-USDT	+0.0220%	8h	0.7774	+0.045%	$1.5M	$960K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0272%	1h	0.7777	+0.083%	$205K	$537K	50x	as long as short
Reya APTRUSDPERP	+0.0476%	1h	0.7766	−0.053%	$3K	—	20x	as long as short
01 Exchange APTUSD	+0.3144%	1h	0.7814	+0.559%	$2K	—	5x	as long as short