Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.235%
Price spread now: MEXC against Injective−3.111%70s7-day average +0.215% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as 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−$990.993% of the position
Funding, last 7 days+0.366%+$37 on $10k
+Price spread, last 4 days (all we have)+2.764%+$276 · spread now −3.111%, 7d avg +0.215%
=Funding pays, the price is against you. MEXC is 3.325% cheaper against Injective than usual: you would sell low and buy high (spread −3.111% now, against its 7-day average of +0.215%). If the spread goes back, that is −$333 on $10k: about 6 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.366% in total) that is about 2 months. The two prices were read 70 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 | 40m 04s | $2K | $240K | 12x |
| Short | MEXC APT_USDT | 0.7538 | 0.0100 | get 0.0100% / 8h | 2h 40m | $29.7M | $15.2M | 200x |
Injective APT/USDC PERP
MEXC APT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −3.111% → +0.215%
- −$332.52
- Slippage, 4 orders
- −$99.33
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$417.87
- Costs to cover
- 0.993%
- Break-even
- 215.9 days
Slippage from Injective: live order book, 9 min ago; MEXC: 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 Injective live order book, 9 min ago | 45.96 bp | 46.0 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.66 bp | 3.4 bp −$3 | 12.3 bp −$123 | 53.1 bp −$5,306 | 71.8 bp −$35.9K |
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 | 0.7535 | −3.144% | $20K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7539 | −3.098% | $16K | $566K | 50x | as long as short |
| Variational Omni APT | +0.0004% | 8h | 0.7549 | −2.971% | $505K | $416K | — | as long as short |
| Orderly PERP_APT_USDC | +0.0018% | 8h | 0.7539 | −3.098% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERPlong | +0.0033% | 1h | 0.7780 | long leg | $2K | $240K | 12x | |
| Lighter APT | +0.0096% | 1h | 0.7536 | −3.136% | $402K | $425K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7542 | −3.059% | $4.8M | $6.3M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7541 | −3.072% | $93K | $961K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7544 | −3.039% | $27.2M | $107.3M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7536 | −3.136% | $26.8M | $41.0M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Orderly PERP_APT_USDC
Lighter APT
Hyperliquid 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 | 0.7538 | −3.111% | $5.6M | $25.0M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7536 | −3.136% | $2.6M | $5.0M | 75x | as long as short |
| MEXC APT_USDTshort | +0.0100% | 8h | 0.7538 | −3.111% | $29.7M | $15.2M | 200x | |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7529 | −3.226% | $4.9M | $12.1M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7539 | −3.098% | $8.5M | $13.2M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7537 | −3.123% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7545 | −3.021% | $187K | $360K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7580 | −2.571% | $60K | $579K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7530 | −3.213% | $5K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7539 | −3.098% | $99 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7555 | −2.892% | $247K | $149K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7534 | −3.157% | $78K | $583K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7539 | −3.099% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7539 | −3.095% | $16K | — | 100x | as long as short |
| Kraken Futures PF_APTUSD | +0.0220% | 1h | 0.7538 | −3.116% | $523K | $625K | 50x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7545 | −3.021% | $1.4M | $964K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0320% | 1h | 0.7550 | −2.956% | $218K | $455K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0492% | 1h | 0.7536 | −3.137% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0770% | 1h | 0.7540 | −3.089% | $53K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.6768% | 1h | 0.7724 | −0.720% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate 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]
Kraken Futures PF_APTUSD
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD