APT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0172%/8h= +18.8% APRnext payment +$0.21 per $10,000 · paid last 24h +0.058%

Price spread now: Coinbase International against Hyperliquid+0.077%49s7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1131.128% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.408%+$41 on $10k

Price spread, last 3 days (all we have)+0.830%+$83 · spread now +0.077%, 7d avg +0.100%

Together, before fees+1.238%+ Points / potential airdropHyperliquid: Season 2 · farm board+$124 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.023% cheaper against Hyperliquid than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.100%). If the spread goes back, that is −$2 on $10k: about 11 hours of funding at the current rate (+$5 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid APT	0.7771	0.0100	pay 0.0013% / 1h	51m 30s	$5.6M	$6.1M	10x
Short	Coinbase International APT-PERP-INTX	0.7777	0.0272	get 0.0034% / 1h	51m 30s	$205K	$537K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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 HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now +0.077%Rate

Funding earned: $36.12
Price spread: +0.077% → +0.100%: −$2.31
Slippage, 4 orders: −$93.77
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$78.95
Costs to cover: 1.128%
Break-even: 22.3 days

Slippage from Hyperliquid: live order book, 11 min ago; Coinbase International: live order book, 17 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, 11 min ago	1.92 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 17 min ago	11.36 bp	39.6 bp −$40	doesn't fit	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
Variational Omni APT	−0.0006%	8h	0.7720	−0.652%	$500K	$331K	—	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7768	−0.041%	$39K	—	150x	as long as short
Orderly PERP_APT_USDC	−0.0004%	8h	0.7769	−0.026%	$10K	$7K	10x	as long as short
dYdX APT-USD	0.0000%	1h	0.7769	−0.029%	$54K	$6K	10x	as long as short
Deribit APT_USDC-PERPETUAL	+0.0007%	1h	0.7774	+0.039%	$12K	$418K	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+0.116%	$2K	$240K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7765	−0.077%	$416K	$405K	10x	as long as short
Hyperliquid APTlong	+0.0100%	1h	0.7771	long leg	$5.6M	$6.1M	10x
Aster APTUSDT	+0.0100%	8h	0.7770	−0.008%	$244K	$593K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7768	−0.039%	$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	0.7766	−0.064%	$28.2M	$37.9M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7769	−0.026%	$5.8M	$24.9M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7769	−0.026%	$2.7M	$4.7M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7769	−0.026%	$28.7M	$15.1M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7769	−0.026%	$5.4M	$12.3M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7764	−0.090%	$8.6M	$12.8M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7766	−0.064%	—	$25.7M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7779	+0.103%	$195K	$380K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7760	−0.142%	$63K	$575K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7760	−0.142%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7771	0.000%	$54	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7752	−0.244%	$261K	$127K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7768	−0.038%	$84K	$489K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7773	+0.021%	$28K	$5K	3x	as long as short
Kraken Futures PF_APTUSD	+0.0138%	1h	0.7769	−0.030%	$529K	$642K	50x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0190% / S −0.0143%	1h	0.7773	+0.029%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7761	−0.129%	$1.5M	$958K	75x	as long as short
Coinbase International APT-PERP-INTXshort	+0.0272%	1h	0.7777	+0.077%	$205K	$537K	50x
Reya APTRUSDPERP	+0.0476%	1h	0.7766	−0.059%	$3K	—	20x	as long as short
01 Exchange APTUSD	+0.3144%	1h	0.7814	+0.553%	$2K	—	5x	as long as short