Settings8H · net · $10k
Funding arb · Price arb /

APT

all APT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.290%
Price spread now: SunX against Injective−0.758%61s7-day average +0.171% · you buy dearer than you sell
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3023.020% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.418%+$42 on $10k
Price spread, last 3 days (all we have)+1.116%+$112 · spread now −0.758%, 7d avg +0.171%
Together, before fees+1.535%+$153 on $10k · with fees, hour by hour
Funding pays, the price is against you. SunX is 0.929% cheaper against Injective than usual: you would sell low and buy high (spread −0.758% now, against its 7-day average of +0.171%). If the spread goes back, that is −$93 on $10k: about 46 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.418% in total) that is about 16 days. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective APT/USDC PERP0.77800.0033pay 0.0004% / 1h7m 42s$2K$240K12x
ShortSunX APT-USDT0.77210.0100get 0.0100% / 8h6h 07m$5K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$14
Price spread: −0.758% → +0.171%
−$92.93
Slippage, 4 orders
−$294.02
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SunX: 4 bp × 2 orders
−$8
Net
−$380.97
Costs to cover
3.020%
Break-even
197.5 days
Slippage from Injective: live order book, 61 min ago; SunX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 61 min ago44.16 bp44.2 bp −$44doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 7 min ago30.30 bp113.0 bp −$113doesn't fitdoesn't fitdoesn't fit

APT on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) APT/USDL −0.0004% / S +0.0005%1h0.7729−0.654%$21K150xas long as short
Deribit APT_USDC-PERPETUAL0.0000%1h0.7731−0.630%$12K$418K50xas long as short
Orderly PERP_APT_USDC+0.0002%8h0.7731−0.630%$10K$7K10xas long as short
Variational Omni APT+0.0008%8h0.7758−0.281%$506K$335Kas long as short
Injective APT/USDC PERPlong+0.0033%1h0.7780long leg$2K$240K12x
Lighter APT+0.0096%1h0.7729−0.656%$414K$407K10xas long as short
Hyperliquid APT+0.0100%1h0.7736−0.566%$5.5M$6.1M10xas long as short
Aster APTUSDT+0.0100%8h0.7726−0.689%$96K$946K20xas long as short
Binance APTUSDT+0.0100%8h0.7730−0.640%$28.5M$106.3M75xas long as short
Bybit APTUSDT+0.0100%8h0.7727−0.681%$28.1M$38.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APT-USDT-SWAP+0.0100%8h0.7726−0.694%$5.8M$24.6M50xas long as short
Gate APT_USDT+0.0100%8h0.7731−0.630%$2.7M$4.9M75xas long as short
MEXC APT_USDT+0.0100%8h0.7729−0.656%$29.3M$15.5M200xas long as short
KuCoin APTUSDTM+0.0100%8h0.7727−0.681%$5.3M$12.2M50xas long as short
Bitget APTUSDT+0.0100%8h0.7727−0.681%$8.6M$12.7M75xas long as short
BingX APT-USDC+0.0100%8h0.7726−0.694%$6.5Mas long as short
Backpack APT_USDC_PERP+0.0100%1h0.7736−0.566%$192K$390K20xas long as short
ApeX Omni APTUSDT+0.0100%1h0.7760−0.257%$63K$574K50xas long as short
SunX APT-USDTshort+0.0100%8h0.7721−0.758%$5K$1.5M20x
SoDEX APT-USD+0.0100%1h0.7731−0.630%$54$6K5xas long as short
HTX APT-USDT+0.0100%8h0.7758−0.283%$261K$124K50xas long as short
Extended APT-USD+0.0104%1h0.7725−0.704%$83K$486K25xas long as short
Aevo APT-PERP+0.0104%1h0.7729−0.658%$28K$5K3xas long as short
Kraken Futures PF_APTUSD+0.0138%1h0.7739−0.532%$527K$643K50xas long as short
GMX APT/USD [ETH-USDC]L +0.0189% / S −0.0143%1h0.7732−0.616%$17K100xas long as short
dYdX APT-USD+0.0264%1h0.7732−0.611%$54K$6K10xas long as short
Coinbase International APT-PERP-INTX+0.0272%1h0.7809+0.373%$205K$537K50xas long as short
Reya APTRUSDPERP+0.0479%1h0.7726−0.700%$3K20xas long as short
01 Exchange APTUSD+0.2352%1h0.7820+0.514%$2K5xas long as short