Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.271%
Price spread now: Binance against Injective−1.123%47s7-day average +0.283% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as 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−$1251.250% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 4 days (all we have)−1.843%−$184 · spread now −1.123%, 7d avg +0.283%
=Funding pays, the price is against you. Binance is 1.406% cheaper against Injective than usual: you would sell low and buy high (spread −1.123% now, against its 7-day average of +0.283%). If the spread goes back, that is −$141 on $10k: about 2 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.327% in total) that is about 30 days. The two prices were read 47 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 | Injective APT/USDC PERP | 0.7780 | 0.0033 | pay 0.0004% / 1h | 54m 34s | $2K | $240K | 12x |
| Short | Binance APTUSDT | 0.7693 | 0.0100 | get 0.0100% / 8h | 4h 54m | $28.1M | $105.7M | 75x |
Injective APT/USDC PERP
Binance APTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- $14
- Price spread: −1.123% → +0.283%
- −$140.6
- Slippage, 4 orders
- −$114.95
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$251.57
- Costs to cover
- 1.250%
- Break-even
- 132.8 days
Slippage from Injective: live order book, 4 min ago; Binance: live order book, 3 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 Injective live order book, 4 min ago | 52.02 bp | 52.0 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.65 bp | 10.1 bp −$10 | 25.8 bp −$258 | 86.5 bp −$8,646 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7689 | −1.170% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7690 | −1.157% | $17K | $428K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0013% | 8h | 0.7687 | −1.195% | $10K | $7K | 10x | as long as short |
| Variational Omni APT | +0.0033% | 8h | 0.7688 | −1.180% | $513K | $415K | — | as long as short |
| Injective APT/USDC PERPlong | +0.0033% | 1h | 0.7780 | long leg | $2K | $240K | 12x | |
| Lighter APT | +0.0096% | 1h | 0.7689 | −1.170% | $411K | $419K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7694 | −1.105% | $5.3M | $6.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7691 | −1.144% | $100K | $958K | 20x | as long as short |
| Binance APTUSDTshort | +0.0100% | 8h | 0.7693 | −1.123% | $28.1M | $105.7M | 75x | |
| Bybit APTUSDT | +0.0100% | 8h | 0.7688 | −1.183% | $27.6M | $38.4M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Variational Omni APT
Lighter APT
Hyperliquid APT
Aster APTUSDT
Bybit APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7690 | −1.157% | $5.7M | $24.7M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7690 | −1.157% | $2.6M | $4.8M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7692 | −1.131% | $28.9M | $15.2M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7689 | −1.170% | $5.1M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7691 | −1.144% | $8.6M | $12.7M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7688 | −1.183% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7691 | −1.144% | $195K | $378K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7670 | −1.414% | $62K | $581K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7678 | −1.311% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7689 | −1.170% | $55 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7699 | −1.041% | $260K | $118K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7686 | −1.212% | $83K | $483K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7689 | −1.172% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7685 | −1.216% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7694 | −1.105% | $1.4M | $947K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0315% | 1h | 0.7689 | −1.170% | $532K | $637K | 50x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0328% | 1h | 0.7698 | −1.054% | $222K | $494K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0483% | 1h | 0.7686 | −1.208% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0580% | 1h | 0.7689 | −1.174% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.4640% | 1h | 0.7784 | +0.051% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
Backpack APT_USDC_PERP
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
Kraken Futures PF_APTUSD
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD