Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h −0.068%

Price spread now: Kraken Futures against Orderly−0.029%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.029% cheaper against Orderly than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_APT_USDC	0.7737	0.0017	pay 0.0017% / 8h	7h 22m	$10K	$6K	10x
Short	Kraken Futures PF_APTUSD	0.7735	0.0143	get 0.0018% / 1h	22m 50s	$530K	$534K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Orderly. 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 OrderlybpFee Kraken FuturesbpOrdersPrice spread, now −0.029%Rate

Funding earned: $26.61
Price spread: −0.029% → 0.000%: −$2.86
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $7.75
Costs to cover: 0.160%
Break-even: 5.0 days

Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 10 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 Kraken Futures live order book, 10 min ago	16.25 bp	31.2 bp −$31	83.4 bp −$834	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
Variational Omni APT	−0.0074%	8h	0.7663	−0.956%	$490K	$412K	—	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7738	+0.014%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7739	+0.026%	$20K	$597K	50x	as long as short
Orderly PERP_APT_USDClong	+0.0017%	8h	0.7737	long leg	$10K	$6K	10x
Bybit APTUSDT	+0.0033%	8h	0.7747	+0.129%	$27.5M	$35.8M	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+0.556%	$2K	$240K	12x	as long as short
Gate APT_USDT	+0.0059%	8h	0.7736	−0.013%	$2.6M	$4.3M	75x	as long as short
Lighter APT	+0.0096%	1h	0.7735	−0.026%	$414K	$415K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7759	+0.284%	$5.1M	$6.1M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7740	+0.039%	$92K	$861K	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	0.7742	+0.065%	$28.2M	$92.7M	75x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7753	+0.207%	$5.8M	$23.0M	50x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7740	+0.039%	$22.4M	$13.9M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7738	+0.013%	$4.8M	$10.7M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7756	+0.246%	$8.7M	$11.3M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7746	+0.116%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7745	+0.103%	$179K	$296K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7690	−0.607%	$59K	$583K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7718	−0.246%	$6K	$1.2M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7739	+0.026%	$97	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7714	−0.297%	$255K	$152K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7735	−0.023%	$79K	$640K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7739	+0.023%	$28K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0136% / S −0.0090%	1h	0.7741	+0.055%	$16K	—	100x	as long as short
Kraken Futures PF_APTUSDshort	+0.0143%	1h	0.7735	−0.029%	$530K	$534K	50x
BloFin APT-USDT	+0.0220%	8h	0.7732	−0.065%	$1.4M	$765K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0336%	1h	0.7748	+0.142%	$222K	$299K	50x	as long as short
Reya APTRUSDPERP	+0.0503%	1h	0.7735	−0.022%	$3K	—	20x	as long as short
dYdX APT-USD	+0.1097%	1h	0.7700	−0.484%	$54K	$6K	10x	as long as short
01 Exchange APTUSD	+0.3976%	1h	0.7793	+0.724%	$2K	—	5x	as long as short