Funding arb · Price arb /

APT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h +0.313%

Price spread now: Orderly against Injective+1.594%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 1.594% dearer against Injective than usual: you sell high and buy low (spread +1.594% now, against zero (this spread has no 7-day history yet)): +$159 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months.

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	59m 18s	$2K	$241K	12x
Short	Orderly PERP_APT_USDC	0.7904	−0.0016	pay 0.0016% / 8h	59m 18s	$10K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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 InjectivebpFee OrderlybpOrdersPrice spread, now +1.594%Rate

Funding earned: −$10.41
Price spread: +1.594% → 0.000%: $159.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: $142.95
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: live order book, 20 min ago; Orderly: no order-book sample. Net counts fees only.

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, 20 min ago	44.61 bp	44.6 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0704%	1h	0.7885	+1.350%	$2K	—	5x	as long as short
Kraken Futures PF_APTUSD	−0.0402%	1h	0.7907	+1.630%	$546K	$635K	50x	as long as short
Variational Omni APT	−0.0063%	8h	0.7887	+1.381%	$619K	$214K	—	as long as short
Orderly PERP_APT_USDCshort	−0.0016%	8h	0.7904	+1.594%	$10K	$7K	10x
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7910	+1.666%	$22K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7906	+1.620%	$7K	$387K	50x	as long as short
Injective APT/USDC PERPlong	+0.0033%	1h	0.7780	long leg	$2K	$241K	12x
Lighter APT	+0.0096%	1h	0.7903	+1.581%	$433K	$351K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7917	+1.761%	$6.1M	$5.3M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7909	+1.656%	$308K	$465K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance APTUSDT	+0.0100%	8h	0.7903	+1.586%	$29.2M	$97.9M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7899	+1.530%	$29.5M	$35.7M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7899	+1.530%	$6.2M	$23.9M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7908	+1.645%	$2.8M	$4.6M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7900	+1.542%	$28.6M	$14.5M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7896	+1.491%	$5.6M	$12.2M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7904	+1.594%	$8.9M	$12.3M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7909	+1.658%	—	$25.2M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7901	+1.555%	$199K	$370K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7890	+1.414%	$66K	$570K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7892	+1.440%	$6K	$1.4M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7905	+1.607%	$75	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7900	+1.542%	$267K	$138K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7901	+1.551%	$84K	$464K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7900	+1.540%	$24K	—	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0190% / S −0.0143%	1h	0.7911	+1.685%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7904	+1.594%	$1.5M	$801K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0240%	1h	0.7905	+1.607%	$210K	$562K	50x	as long as short
Reya APTRUSDPERP	+0.0469%	1h	0.7905	+1.604%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0995%	1h	0.7900	+1.540%	$55K	$5K	10x	as long as short