Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.265%
Price spread now: Injective against OKX−1.544%48s7-day average −0.230% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as 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−$1231.227% of the position
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 3 days (all we have)+1.717%+$172 · spread now −1.544%, 7d avg −0.230%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.314% cheaper against OKX than usual: you would sell low and buy high (−$131 if the spread goes back to its 7-day average of −0.230%). Swap the legs. The two prices were read 48 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 | OKX APT-USDT-SWAP | 0.7902 | 0.0100 | pay 0.0100% / 8h | 7h 18m | $6.1M | $24.9M | 50x |
| Short | Injective APT/USDC PERP | 0.7780 | 0.0033 | get 0.0004% / 1h | 18m 37s | $2K | $241K | 12x |
OKX APT-USDT-SWAP
Injective APT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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: −1.544% → −0.230%
- −$131.44
- Slippage, 4 orders
- −$112.71
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$268.17
- Costs to cover
- 1.227%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Injective: live order book, 55 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 OKX live order book, 5 min ago | 0.63 bp | 12.3 bp −$12 | 41.8 bp −$418 | doesn't fit | doesn't fit |
| Sell Injective live order book, 55 min ago | 49.94 bp | 49.9 bp −$50 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni APT | −0.0027% | 8h | 0.7923 | +0.268% | $518K | $322K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0004% | 8h | 0.7933 | +0.392% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7935 | +0.421% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7935 | +0.418% | $13K | $418K | 50x | as long as short |
| Injective APT/USDC PERPshort | +0.0033% | 1h | 0.7780 | −1.544% | $2K | $241K | 12x | |
| Lighter APT | +0.0096% | 1h | 0.7911 | +0.114% | $424K | $406K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7917 | +0.190% | $6.2M | $5.7M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7922 | +0.256% | $298K | $491K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7902 | 0.000% | $29.9M | $103.4M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7897 | −0.063% | $29.2M | $37.2M | 50x | as long as short |
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
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-SWAPlong | +0.0100% | 8h | 0.7902 | long leg | $6.1M | $24.9M | 50x | |
| Gate APT_USDT | +0.0100% | 8h | 0.7896 | −0.076% | $2.7M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7894 | −0.101% | $28.9M | $15.1M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7913 | +0.139% | $5.5M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7900 | −0.025% | $9.0M | $12.6M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7897 | −0.063% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7927 | +0.316% | $200K | $378K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7930 | +0.354% | $64K | $572K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7916 | +0.177% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7919 | +0.215% | $55 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7946 | +0.557% | $267K | $128K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7896 | −0.082% | $81K | $489K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7926 | +0.301% | $29K | $5K | 3x | as long as short |
| dYdX APT-USD | +0.0149% | 1h | 0.7894 | −0.096% | $55K | $6K | 10x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7940 | +0.475% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7924 | +0.278% | $1.5M | $894K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0232% | 1h | 0.7930 | +0.354% | $209K | $549K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0475% | 1h | 0.7905 | +0.037% | $3K | — | 20x | as long as short |
| Kraken Futures PF_APTUSD | +0.0475% | 1h | 0.7919 | +0.217% | $543K | $640K | 50x | as long as short |
| 01 Exchange APTUSD | +0.1496% | 1h | 0.7914 | +0.152% | $2K | — | 5x | as long as short |
Gate APT_USDT
MEXC 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
dYdX APT-USD
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
Kraken Futures PF_APTUSD
01 Exchange APTUSD