Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.257%
Price spread now: Injective against KuCoin+1.726%7-day average −0.230% · you sell dearer than you buy
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs+$17as in the Price arb table
costs, in and out, $10k−$1791.787% of the position
Funding, last 7 days−0.324%−$32 on $10k
+Price spread, last 4 days (all we have)−0.407%−$41 · spread now +1.726%, 7d avg −0.230%
=The price spread pays, funding is against you. Injective is 1.956% dearer against KuCoin than usual: you sell high and buy low (spread +1.726% now, against its 7-day average of −0.230%): +$196 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.324% in total) that is about 42 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin APTUSDTM | 0.7648 | 0.0100 | pay 0.0100% / 8h | 4h 50m | $5.0M | $12.3M | 50x |
| Short | Injective APT/USDC PERP | 0.7780 | 0.0033 | get 0.0004% / 1h | 50m 42s | $2K | $240K | 12x |
KuCoin APTUSDTM
Injective APT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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: +1.726% → −0.230%
- $195.63
- Slippage, 4 orders
- −$166.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $2.94
- Costs to cover
- 1.787%
- Break-even
- from the start
Slippage from KuCoin: live order book, 3 min ago; Injective: live order book, 8 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 KuCoin live order book, 3 min ago | 3.90 bp | 25.0 bp −$25 | 71.2 bp −$712 | doesn't fit | doesn't fit |
| Sell Injective live order book, 8 min ago | 52.02 bp | 52.0 bp −$52 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7633 | −0.196% | $20K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7636 | −0.157% | $17K | $443K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0014% | 8h | 0.7633 | −0.196% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERPshort | +0.0033% | 1h | 0.7780 | +1.726% | $2K | $240K | 12x | |
| Variational Omni APT | +0.0037% | 8h | 0.7625 | −0.299% | $509K | $415K | — | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7632 | −0.209% | $408K | $420K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7649 | +0.013% | $5.2M | $6.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7641 | −0.096% | $98K | $959K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7634 | −0.185% | $27.9M | $106.0M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7629 | −0.248% | $27.3M | $38.9M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Variational Omni APT
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 | 0.7629 | −0.248% | $5.7M | $24.5M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7646 | −0.026% | $2.6M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7649 | +0.013% | $28.8M | $15.2M | 200x | as long as short |
| KuCoin APTUSDTMlong | +0.0100% | 8h | 0.7648 | long leg | $5.0M | $12.3M | 50x | |
| Bitget APTUSDT | +0.0100% | 8h | 0.7645 | −0.039% | $8.5M | $12.7M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7647 | −0.013% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7640 | −0.105% | $189K | $381K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7680 | +0.418% | $62K | $578K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7623 | −0.327% | $5K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7634 | −0.183% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7649 | +0.013% | $259K | $118K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7644 | −0.050% | $83K | $483K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7634 | −0.184% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7633 | −0.201% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7635 | −0.170% | $1.4M | $941K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0317% | 1h | 0.7636 | −0.163% | $528K | $640K | 50x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0328% | 1h | 0.7649 | +0.013% | $220K | $492K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0484% | 1h | 0.7634 | −0.189% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0899% | 1h | 0.7631 | −0.226% | $53K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.4896% | 1h | 0.7781 | +1.739% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
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]
BloFin APT-USDT
Kraken Futures PF_APTUSD
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD