Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Backpack against Hyperliquid−0.038%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now −0.038%, 7d avg −0.016%
=Together, before fees−0.016%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.023% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid APT | 0.7849 | 0.0100 | pay 0.0013% / 1h | 19m 52s | $5.9M | $5.1M | 10x |
| Short | Backpack APT_USDC_PERP | 0.7846 | 0.0100 | get 0.0013% / 1h | 19m 52s | $199K | $362K | 20x |
Hyperliquid APT
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Hyperliquid. 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
- $0
- Price spread: −0.038% → −0.016%
- −$2.26
- Slippage, 4 orders
- −$24.14
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$45.4
- Costs to cover
- 0.431%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; Backpack: live order book, 4 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 Hyperliquid live order book, 2 min ago | 0.64 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.64 bp | 9.0 bp −$9 | 32.0 bp −$320 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange APTUSD | −0.0536% | 1h | 0.7831 | −0.229% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0361% | 1h | 0.7837 | −0.150% | $538K | $617K | 50x | as long as short |
| Variational Omni APT | −0.0093% | 8h | 0.7840 | −0.120% | $616K | $224K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0016% | 8h | 0.7839 | −0.127% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | −0.0016% | 1h | 0.7780 | −0.879% | $2K | $200K | 12x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0005% | 1h | 0.7841 | −0.102% | $7K | $382K | 50x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7841 | −0.102% | $22K | — | 150x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7838 | −0.140% | $428K | $348K | 10x | as long as short |
| Hyperliquid APTlong | +0.0100% | 1h | 0.7849 | long leg | $5.9M | $5.1M | 10x | |
| Aster APTUSDT | +0.0100% | 8h | 0.7843 | −0.081% | $306K | $454K | 20x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Deribit APT_USDC-PERPETUAL
gTrade (Gains Network) APT/USD
Lighter APT
Aster APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance APTUSDT | +0.0100% | 8h | 0.7837 | −0.157% | $28.9M | $96.3M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7830 | −0.242% | $29.1M | $35.4M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7831 | −0.229% | $6.2M | $23.3M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7833 | −0.204% | $2.7M | $4.6M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7837 | −0.153% | $27.9M | $14.5M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7837 | −0.153% | $5.5M | $12.1M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7837 | −0.153% | $9.0M | $12.2M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7835 | −0.178% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERPshort | +0.0100% | 1h | 0.7846 | −0.038% | $199K | $362K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7830 | −0.242% | $65K | $572K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7826 | −0.293% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7840 | −0.115% | $56 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7835 | −0.178% | $264K | $137K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7832 | −0.219% | $84K | $479K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7840 | −0.115% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7842 | −0.084% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7849 | 0.000% | $1.5M | $778K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0280% | 1h | 0.7850 | +0.013% | $211K | $547K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0464% | 1h | 0.7836 | −0.169% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0726% | 1h | 0.7850 | +0.007% | $55K | $5K | 10x | as long as short |
Binance APTUSDT
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
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
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD