Funding you earn now, next payment 23:00 UTC+0.0133%/8h= +14.5% APRpaid last 24h +0.302%
Price spread now: Bybit against Injective+1.157%118s7-day average +0.178% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as 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−$1101.102% of the position
Funding, last 7 days+0.271%+$27 on $10k
+Price spread, last 3 days (all we have)−1.885%−$189 · spread now +1.157%, 7d avg +0.178%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.979% dearer against Injective than usual: you sell high and buy low: +$98 more if the spread goes back to its 7-day average of +0.178%. The two prices were read 118 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 | get 0.0004% / 1h | 15m 31s | $2K | $241K | 12x |
| Short | Bybit APTUSDT | 0.7870 | 0.0100 | get 0.0100% / 8h | 1h 15m | $29.4M | $35.5M | 50x |
Injective APT/USDC PERP
Bybit APTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $27.87
- Price spread: +1.157% → +0.178%
- $97.91
- Slippage, 4 orders
- −$99.2
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $15.56
- Costs to cover
- 1.102%
- Break-even
- 3.1 days
Slippage from Injective: live order book, 3 min ago; Bybit: 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, 3 min ago | 44.61 bp | 44.6 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.64 bp | 8.8 bp −$9 | 22.3 bp −$223 | 73.8 bp −$7,384 | 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 | −0.0432% | 1h | 0.7846 | +0.848% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0422% | 1h | 0.7867 | +1.116% | $543K | $635K | 50x | as long as short |
| Variational Omni APT | −0.0070% | 8h | 0.7849 | +0.881% | $615K | $214K | — | as long as short |
| Injective APT/USDC PERPlong | −0.0033% | 1h | 0.7780 | long leg | $2K | $241K | 12x | |
| Orderly PERP_APT_USDC | −0.0019% | 8h | 0.7871 | +1.170% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7870 | +1.162% | $22K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7866 | +1.105% | $7K | $387K | 50x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7861 | +1.041% | $431K | $351K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7875 | +1.221% | $5.9M | $5.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7867 | +1.115% | $306K | $464K | 20x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Lighter APT
Hyperliquid 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 | 0.7867 | +1.123% | $29.0M | $97.4M | 75x | as long as short |
| Bybit APTUSDTshort | +0.0100% | 8h | 0.7870 | +1.157% | $29.4M | $35.5M | 50x | |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7873 | +1.195% | $6.2M | $23.8M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7865 | +1.093% | $2.7M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7869 | +1.144% | $28.4M | $14.6M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7869 | +1.144% | $5.5M | $12.1M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7867 | +1.118% | $8.9M | $12.3M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7866 | +1.105% | — | $25.0M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7871 | +1.170% | $198K | $366K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7850 | +0.900% | $65K | $568K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7852 | +0.925% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7867 | +1.118% | $77 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7848 | +0.874% | $265K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7863 | +1.069% | $84K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7862 | +1.052% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7873 | +1.198% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7845 | +0.835% | $1.5M | $787K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0288% | 1h | 0.7870 | +1.157% | $209K | $559K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0468% | 1h | 0.7870 | +1.161% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0811% | 1h | 0.7864 | +1.079% | $55K | $5K | 10x | as long as short |
Binance APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
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
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD