Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.026%

Price spread now: SoDEX against Orderly−0.063%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.063% cheaper against Orderly than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_APT_USDC	0.7936	−0.0005	get 0.0005% / 8h	7h 13m	$10K	$7K	10x
Short	SoDEX APT-USD	0.7931	0.0100	get 0.0013% / 1h	13m 06s	$55	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $21.97
Price spread: −0.063% → 0.000%: −$6.3
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $1.67
Costs to cover: 0.140%
Break-even: 6.5 days

Slippage unknown: Orderly: no order-book sample; SoDEX: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—

Orderly and SoDEX: 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	−0.0025%	8h	0.7929	−0.085%	$519K	$322K	—	as long as short
Orderly PERP_APT_USDClong	−0.0005%	8h	0.7936	long leg	$10K	$7K	10x
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7936	+0.005%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7937	+0.013%	$13K	$418K	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	−1.966%	$2K	$241K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7930	−0.076%	$425K	$406K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7937	+0.013%	$6.2M	$5.7M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7936	0.000%	$299K	$491K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7935	−0.011%	$30.0M	$103.4M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7934	−0.025%	$29.3M	$37.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APT-USDT-SWAP	+0.0100%	8h	0.7930	−0.076%	$6.1M	$25.0M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7935	−0.013%	$2.8M	$4.9M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7938	+0.025%	$29.0M	$15.1M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7930	−0.076%	$5.5M	$12.3M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7927	−0.113%	$9.0M	$12.6M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7929	−0.088%	—	$25.6M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7937	+0.013%	$200K	$378K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7930	−0.076%	$64K	$573K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7923	−0.164%	$6K	$1.5M	20x	as long as short
SoDEX APT-USDshort	+0.0100%	1h	0.7931	−0.063%	$55	$6K	5x
HTX APT-USDT	+0.0100%	8h	0.7945	+0.113%	$267K	$128K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7933	−0.041%	$82K	$489K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7936	+0.001%	$29K	$5K	3x	as long as short
dYdX APT-USD	+0.0163%	1h	0.7937	+0.008%	$56K	$6K	10x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0190% / S −0.0143%	1h	0.7934	−0.030%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7935	−0.013%	$1.5M	$895K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0232%	1h	0.7950	+0.176%	$210K	$549K	50x	as long as short
Kraken Futures PF_APTUSD	+0.0474%	1h	0.7935	−0.014%	$544K	$640K	50x	as long as short
Reya APTRUSDPERP	+0.0475%	1h	0.7932	−0.055%	$3K	—	20x	as long as short
01 Exchange APTUSD	+0.1304%	1h	0.7923	−0.164%	$2K	—	5x	as long as short