Funding you earn now, next payment 23:00 UTC+0.0207%/8h= +22.6% APRnext payment +$0.26 per $10,000 · paid last 24h +0.379%
Price spread now: Coinbase International against Injective+2.584%7-day average +0.424% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs+$25as in the Price arb table
costs, in and out, $10k−$1911.912% of the position
Funding, last 7 days+0.728%+$73 on $10k
+Price spread, last 3 days (all we have)−1.967%−$197 · spread now +2.584%, 7d avg +0.424%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 2.160% dearer against Injective than usual: you sell high and buy low: +$216 more if the spread goes back to its 7-day average of +0.424%.
| 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 | 10m 23s | $2K | $241K | 12x |
| Short | Coinbase International APT-PERP-INTX | 0.7981 | 0.0240 | get 0.0030% / 1h | 10m 23s | $211K | $579K | 50x |
Injective APT/USDC PERP
Coinbase International APT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $43.4
- Price spread: +2.584% → +0.424%
- $216
- Slippage, 4 orders
- −$181.2
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $68.18
- Costs to cover
- 1.912%
- Break-even
- from the start
Slippage from Injective: live order book, 4 min ago; Coinbase International: 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 | 49.94 bp | 49.9 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 15.06 bp | 40.1 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APTUSD | −0.0399% | 1h | 0.7984 | +2.625% | $552K | $637K | 50x | as long as short |
| Variational Omni APT | −0.0039% | 8h | 0.7974 | +2.498% | $522K | $322K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0011% | 8h | 0.7973 | +2.481% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.8009 | +2.939% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0001% | 1h | 0.7977 | +2.532% | $13K | $417K | 50x | as long as short |
| Injective APT/USDC PERPlong | +0.0033% | 1h | 0.7780 | long leg | $2K | $241K | 12x | |
| Lighter APT | +0.0096% | 1h | 0.7989 | +2.686% | $429K | $394K | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7991 | +2.717% | $309K | $489K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.8006 | +2.907% | $30.3M | $101.7M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.8009 | +2.943% | $29.6M | $37.1M | 50x | as long as short |
Kraken Futures PF_APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Lighter APT
Aster APTUSDT
Binance 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 | 0.8011 | +2.969% | $6.3M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7992 | +2.725% | $2.8M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.8010 | +2.956% | $29.2M | $15.0M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.8008 | +2.931% | $5.6M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.8010 | +2.956% | $9.0M | $12.6M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.8010 | +2.956% | — | $6.5M | — | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7990 | +2.699% | $65K | $571K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7960 | +2.314% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7972 | +2.468% | $56 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7990 | +2.699% | $269K | $142K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7999 | +2.811% | $85K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7974 | +2.489% | $25K | — | 3x | as long as short |
| Backpack APT_USDC_PERP | +0.0117% | 1h | 0.7982 | +2.596% | $204K | $371K | 20x | as long as short |
| Hyperliquid APT | +0.0130% | 1h | 0.8022 | +3.111% | $6.3M | $5.7M | 10x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0191% / S −0.0143% | 1h | 0.8012 | +2.982% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7975 | +2.506% | $1.5M | $830K | 75x | as long as short |
| Coinbase International APT-PERP-INTXshort | +0.0240% | 1h | 0.7981 | +2.584% | $211K | $579K | 50x | |
| Reya APTRUSDPERP | +0.0472% | 1h | 0.8009 | +2.943% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0701% | 1h | 0.7989 | +2.684% | $56K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.1784% | 1h | 0.8041 | +3.355% | $2K | — | 5x | as long as short |
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
Backpack APT_USDC_PERP
Hyperliquid APT
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD