Funding you earn now, next payment 04:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.025%
Price spread now: Backpack against Orderly−0.091%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Funding pays, the price is against you. Backpack is 0.091% cheaper against Orderly than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.7 days of funding at the current rate (+$2 a day). The two prices were read 46 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 | Orderly PERP_APT_USDC | 0.7697 | 0.0017 | pay 0.0017% / 8h | 4h 32m | $10K | $7K | 10x |
| Short | Backpack APT_USDC_PERP | 0.7690 | 0.0100 | get 0.0013% / 1h | 32m 21s | $190K | $381K | 20x |
Orderly PERP_APT_USDC
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Orderly. 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
- $17.41
- Price spread: −0.091% → 0.000%
- −$9.09
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$7.69
- Costs to cover
- 0.160%
- Break-even
- 10.1 days
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 26 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 26 min ago | 1.96 bp | 8.9 bp −$9 | 32.4 bp −$324 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7692 | −0.065% | $21K | — | 150x | as long as short |
| Orderly PERP_APT_USDClong | +0.0017% | 8h | 0.7697 | long leg | $10K | $7K | 10x | |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.078% | $2K | $240K | 12x | as long as short |
| Variational Omni APT | +0.0042% | 8h | 0.7620 | −0.998% | $509K | $415K | — | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7697 | 0.000% | $411K | $421K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7695 | −0.026% | $5.3M | $6.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7686 | −0.137% | $97K | $961K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7692 | −0.062% | $28.2M | $106.5M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7691 | −0.078% | $27.5M | $39.0M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7699 | +0.026% | $5.7M | $24.8M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Injective APT/USDC PERP
Variational Omni APT
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance APTUSDT
Bybit APTUSDT
OKX APT-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate APT_USDT | +0.0100% | 8h | 0.7684 | −0.169% | $2.6M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7689 | −0.104% | $28.9M | $15.2M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7690 | −0.091% | $5.1M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7700 | +0.039% | $8.6M | $12.8M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7694 | −0.039% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERPshort | +0.0100% | 1h | 0.7690 | −0.091% | $190K | $381K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7650 | −0.611% | $61K | $581K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7674 | −0.299% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7700 | +0.039% | $65 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7633 | −0.831% | $258K | $117K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7697 | −0.003% | $81K | $486K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7699 | +0.028% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7693 | −0.047% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7681 | −0.208% | $1.4M | $947K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0315% | 1h | 0.7697 | +0.005% | $532K | $639K | 50x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0328% | 1h | 0.7700 | +0.039% | $222K | $457K | 50x | as long as short |
| Deribit APT_USDC-PERPETUAL | +0.0400% | 1h | 0.7701 | +0.052% | $17K | $443K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0485% | 1h | 0.7692 | −0.061% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0592% | 1h | 0.7686 | −0.148% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.5544% | 1h | 0.7769 | +0.935% | $2K | — | 5x | as long as short |
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
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
Deribit APT_USDC-PERPETUAL
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD