Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.012%

Price spread now: BloFin against GMX−0.030%7-day average — · you buy dearer than you sell

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

Long on GMX Short on BloFin

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. BloFin is 0.030% cheaper against GMX than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3.3 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	GMX APT/USD [ETH-USDC]	0.7911	L +0.0190% / S −0.0143%	pay 0.0024% / 1h	16m 59s	$17K	—	100x
Short	BloFin APT-USDT	0.7909	0.0220	get 0.0220% / 8h	7h 16m	$1.5M	$892K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.030%Rate

Funding earned: $6.25
Price spread: −0.030% → 0.000%: −$2.98
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20.73
Costs to cover: 0.240%
Break-even: 30.2 days

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago	3.16 bp	13.8 bp −$14	23.3 bp −$233	58.4 bp −$5,843	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
Variational Omni APT	−0.0027%	8h	0.7923	+0.150%	$518K	$322K	—	as long as short
Orderly PERP_APT_USDC	−0.0005%	8h	0.7910	−0.017%	$10K	$7K	10x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7916	+0.061%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7912	+0.008%	$13K	$418K	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	−1.660%	$2K	$241K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7909	−0.030%	$423K	$406K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7927	+0.198%	$6.2M	$5.7M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7915	+0.040%	$298K	$491K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7919	+0.101%	$30.0M	$103.4M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7922	+0.134%	$29.3M	$37.2M	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	0.7921	+0.122%	$6.1M	$25.0M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7922	+0.134%	$2.7M	$4.9M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7920	+0.109%	$29.0M	$15.1M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7918	+0.084%	$5.5M	$12.3M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7917	+0.071%	$9.0M	$12.6M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7918	+0.084%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7921	+0.122%	$199K	$379K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7930	+0.236%	$64K	$572K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7900	−0.144%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7910	−0.017%	$55	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7946	+0.438%	$267K	$128K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7918	+0.087%	$81K	$489K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7910	−0.017%	$29K	$5K	3x	as long as short
dYdX APT-USD	+0.0146%	1h	0.7911	−0.007%	$55K	$6K	10x	as long as short
GMX APT/USD [ETH-USDC]long	L +0.0190% / S −0.0143%	1h	0.7911	long leg	$17K	—	100x
BloFin APT-USDTshort	+0.0220%	8h	0.7909	−0.030%	$1.5M	$892K	75x
Coinbase International APT-PERP-INTX	+0.0232%	1h	0.7930	+0.236%	$209K	$549K	50x	as long as short
Reya APTRUSDPERP	+0.0475%	1h	0.7913	+0.017%	$3K	—	20x	as long as short
Kraken Futures PF_APTUSD	+0.0476%	1h	0.7914	+0.031%	$543K	$640K	50x	as long as short
01 Exchange APTUSD	+0.1464%	1h	0.7914	+0.033%	$2K	—	5x	as long as short