Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0498%/8h= −54.5% APRpaid last 24h −0.106%

Price spread now: Kraken Futures against HTX+0.142%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$970.968% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.142%, 7d avg −0.020%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.163% dearer against HTX than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of −0.020%): +$16 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.090% in total) that is about 13 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX APT-USDT	0.7987	0.0100	pay 0.0100% / 8h	29m 00s	$270K	$139K	50x
Short	Kraken Futures PF_APTUSD	0.7998	−0.0398	pay 0.0050% / 1h	29m 00s	$554K	$638K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now +0.142%Rate

Funding earned: −$104.55
Price spread: +0.142% → −0.020%: $16.27
Slippage, 4 orders: −$74.76
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$185.04
Costs to cover: 0.968%
Break-even: never at this rate

Slippage from HTX: live order book, 48 min ago; Kraken Futures: live order book, 49 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 HTX live order book, 48 min ago	17.17 bp	23.2 bp −$23	2490.2 bp −$24.9K	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 49 min ago	8.28 bp	21.3 bp −$21	78.8 bp −$788	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_APTUSDshort	−0.0398%	1h	0.7998	+0.142%	$554K	$638K	50x
Variational Omni APT	−0.0036%	8h	0.7978	−0.118%	$520K	$320K	—	as long as short
Orderly PERP_APT_USDC	−0.0009%	8h	0.7993	+0.075%	$10K	$7K	10x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7992	+0.058%	$22K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7993	+0.075%	$14K	$415K	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	−2.592%	$2K	$241K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7992	+0.063%	$437K	$354K	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7996	+0.109%	$314K	$472K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7997	+0.124%	$29.9M	$99.3M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7997	+0.125%	$29.7M	$36.6M	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	0.7996	+0.113%	$6.3M	$24.5M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7990	+0.038%	$2.8M	$4.8M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.8000	+0.163%	$29.2M	$14.8M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7991	+0.050%	$5.6M	$12.2M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7992	+0.063%	$9.0M	$12.6M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7991	+0.050%	—	$25.3M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7997	+0.125%	$202K	$368K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.8000	+0.163%	$67K	$569K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7981	−0.075%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7991	+0.050%	$66	$6K	5x	as long as short
HTX APT-USDTlong	+0.0100%	8h	0.7987	long leg	$270K	$139K	50x
Extended APT-USD	+0.0104%	1h	0.7994	+0.088%	$85K	$464K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7994	+0.090%	$25K	—	3x	as long as short
Hyperliquid APT	+0.0156%	1h	0.7997	+0.125%	$6.1M	$5.5M	10x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0191% / S −0.0143%	1h	0.7992	+0.058%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7990	+0.038%	$1.5M	$826K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0240%	1h	0.8009	+0.275%	$213K	$575K	50x	as long as short
Reya APTRUSDPERP	+0.0471%	1h	0.7993	+0.077%	$3K	—	20x	as long as short
01 Exchange APTUSD	+0.0856%	1h	0.7999	+0.150%	$2K	—	5x	as long as short
dYdX APT-USD	+0.1085%	1h	0.7995	+0.096%	$56K	$6K	10x	as long as short